Advance Auto Parts Inc (AAP) Position Increased by Nomura Holdings Inc.

Nomura Holdings Inc. increased its position in shares of Advance Auto Parts Inc (NYSE:AAP) by 49.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,322 shares of the company’s stock after buying an additional 8,334 shares during the period. Nomura Holdings Inc.’s holdings in Advance Auto Parts were worth $2,953,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AAP. Tobam bought a new stake in shares of Advance Auto Parts during the 2nd quarter worth $118,000. QS Investors LLC boosted its holdings in shares of Advance Auto Parts by 0.9% during the 2nd quarter. QS Investors LLC now owns 1,017 shares of the company’s stock worth $119,000 after buying an additional 9 shares during the period. Huntington National Bank boosted its holdings in shares of Advance Auto Parts by 37.1% during the 2nd quarter. Huntington National Bank now owns 1,046 shares of the company’s stock worth $122,000 after buying an additional 283 shares during the period. Global X Management Co. LLC boosted its holdings in shares of Advance Auto Parts by 14.3% during the 2nd quarter. Global X Management Co. LLC now owns 1,111 shares of the company’s stock worth $130,000 after buying an additional 139 shares during the period. Finally, IFP Advisors Inc boosted its holdings in shares of Advance Auto Parts by 57.5% during the 2nd quarter. IFP Advisors Inc now owns 1,208 shares of the company’s stock worth $141,000 after buying an additional 441 shares during the period.

Several research firms recently issued reports on AAP. Jefferies Group LLC upped their price objective on shares of Advance Auto Parts to $150.00 and gave the stock a “hold” rating in a report on Wednesday, June 28th. Maxim Group reaffirmed a “buy” rating on shares of Advance Auto Parts in a report on Thursday, June 29th. Citigroup Inc. decreased their price objective on shares of Advance Auto Parts to $99.00 and set a “neutral” rating for the company in a report on Wednesday, August 16th. UBS AG reaffirmed a “buy” rating and set a $118.00 price objective (down from $155.00) on shares of Advance Auto Parts in a report on Wednesday, August 16th. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a $90.00 price objective (down from $93.00) on shares of Advance Auto Parts in a report on Wednesday, August 16th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $118.79.

Shares of Advance Auto Parts Inc (NYSE AAP) traded down 0.46% during trading on Friday, hitting $86.16. 333,060 shares of the stock were exchanged. The firm’s 50-day moving average is $95.84 and its 200 day moving average is $118.52. Advance Auto Parts Inc has a 1-year low of $82.21 and a 1-year high of $177.83. The company has a market cap of $6.36 billion, a P/E ratio of 17.20 and a beta of 0.92.

Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings data on Tuesday, August 15th. The company reported $1.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.65 by ($0.07). Advance Auto Parts had a return on equity of 14.71% and a net margin of 3.91%. The firm had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the prior year, the company earned $1.90 EPS. The company’s revenue for the quarter was up .3% compared to the same quarter last year. Equities analysts forecast that Advance Auto Parts Inc will post $5.16 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 6th. Investors of record on Friday, September 22nd were given a dividend of $0.06 per share. The ex-dividend date was Thursday, September 21st. This represents a $0.24 annualized dividend and a yield of 0.28%. Advance Auto Parts’s dividend payout ratio is 4.80%.

TRADEMARK VIOLATION NOTICE: “Advance Auto Parts Inc (AAP) Position Increased by Nomura Holdings Inc.” was first posted by Markets Daily and is owned by of Markets Daily. If you are reading this report on another site, it was stolen and reposted in violation of US & international copyright law. The legal version of this report can be accessed at https://www.themarketsdaily.com/2017/10/13/advance-auto-parts-inc-aap-position-increased-by-nomura-holdings-inc.html.

Advance Auto Parts Company Profile

Advance Auto Parts, Inc provides automotive aftermarket parts in North America, serving do-it-for-me (Professional) and do-it-yourself (DIY), customers. The Company’s stores and branches offer a selection of brand name, original equipment manufacturer (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks.

Institutional Ownership by Quarter for Advance Auto Parts (NYSE:AAP)

Receive News & Ratings for Advance Auto Parts Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advance Auto Parts Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply