7,880 Shares in Advance Auto Parts, Inc. (NYSE:AAP) Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC purchased a new position in Advance Auto Parts, Inc. (NYSE:AAP) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,880 shares of the company’s stock, valued at approximately $1,303,000.

A number of other large investors have also modified their holdings of the stock. Doyle Wealth Management purchased a new stake in Advance Auto Parts in the 2nd quarter worth approximately $31,000. Berman Capital Advisors LLC boosted its position in Advance Auto Parts by 172.8% in the 2nd quarter. Berman Capital Advisors LLC now owns 221 shares of the company’s stock worth $33,000 after purchasing an additional 140 shares in the last quarter. Citizens Financial Group Inc RI boosted its position in Advance Auto Parts by 466.7% in the 2nd quarter. Citizens Financial Group Inc RI now owns 221 shares of the company’s stock worth $34,000 after purchasing an additional 182 shares in the last quarter. Avestar Capital LLC boosted its position in Advance Auto Parts by 625.0% in the 2nd quarter. Avestar Capital LLC now owns 406 shares of the company’s stock worth $42,000 after purchasing an additional 350 shares in the last quarter. Finally, CSat Investment Advisory L.P. boosted its position in Advance Auto Parts by 66.9% in the 2nd quarter. CSat Investment Advisory L.P. now owns 292 shares of the company’s stock worth $45,000 after purchasing an additional 117 shares in the last quarter. Institutional investors own 99.01% of the company’s stock.

NYSE AAP opened at $167.40 on Friday. The business has a fifty day moving average price of $162.39 and a 200 day moving average price of $155.50. Advance Auto Parts, Inc. has a one year low of $130.09 and a one year high of $186.15. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.36 and a current ratio of 1.36. The company has a market cap of $12.00 billion, a P/E ratio of 23.48, a P/E/G ratio of 1.83 and a beta of 0.84.

Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $2.00 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.22 by ($0.22). Advance Auto Parts had a net margin of 4.52% and a return on equity of 15.16%. The firm had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period in the prior year, the company posted $1.97 earnings per share. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, sell-side analysts predict that Advance Auto Parts, Inc. will post 7.96 EPS for the current fiscal year.

Several equities research analysts have commented on AAP shares. Zacks Investment Research upgraded Advance Auto Parts from a “hold” rating to a “buy” rating and set a $161.00 price objective on the stock in a research report on Wednesday, July 31st. JPMorgan Chase & Co. set a $222.00 price objective on Advance Auto Parts and gave the stock a “buy” rating in a research report on Monday, August 12th. Morgan Stanley set a $185.00 price objective on Advance Auto Parts and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Credit Suisse Group lowered their price objective on Advance Auto Parts from $195.00 to $162.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. Finally, Wolfe Research lowered Advance Auto Parts from an “outperform” rating to a “peer perform” rating and set a $128.00 price objective on the stock. in a research report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $181.65.

Advance Auto Parts Company Profile

Advance Auto Parts, Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories, belts and hoses, brakes and brake pads, chassis and climate control parts, clutches and drive shafts, engines and engine parts, exhaust systems and parts, hub assemblies, ignition components and wires, radiators and cooling parts, starters and alternators, and steering and alignment parts.

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

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