GW Henssler & Associates Ltd. Sells 1,706 Shares of Advance Auto Parts Inc (AAP)

GW Henssler & Associates Ltd. trimmed its position in shares of Advance Auto Parts Inc (NYSE:AAP) by 32.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,492 shares of the company’s stock after selling 1,706 shares during the quarter. GW Henssler & Associates Ltd.’s holdings in Advance Auto Parts were worth $346,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Legal & General Group Plc increased its holdings in shares of Advance Auto Parts by 5.3% during the 2nd quarter. Legal & General Group Plc now owns 358,722 shares of the company’s stock valued at $41,825,000 after purchasing an additional 18,209 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Advance Auto Parts by 78.0% during the 2nd quarter. Wells Fargo & Company MN now owns 884,760 shares of the company’s stock valued at $103,155,000 after purchasing an additional 387,673 shares in the last quarter. Tobam purchased a new position in shares of Advance Auto Parts during the 2nd quarter valued at approximately $118,000. Vanguard Group Inc. increased its holdings in shares of Advance Auto Parts by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 6,966,176 shares of the company’s stock valued at $812,186,000 after purchasing an additional 185,970 shares in the last quarter. Finally, ARGA Investment Management LP increased its holdings in shares of Advance Auto Parts by 89.0% during the 2nd quarter. ARGA Investment Management LP now owns 53,300 shares of the company’s stock valued at $6,214,000 after purchasing an additional 25,100 shares in the last quarter.

Shares of Advance Auto Parts Inc (NYSE AAP) traded up $1.40 on Friday, reaching $81.85. 731,037 shares of the company’s stock traded hands, compared to its average volume of 1,880,000. The firm has a market cap of $6,020.00, a PE ratio of 13.44, a PEG ratio of 1.45 and a beta of 0.90. Advance Auto Parts Inc has a 52 week low of $78.81 and a 52 week high of $177.83. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.29 and a current ratio of 1.48.

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

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Several equities analysts have recently weighed in on the stock. Barclays PLC reaffirmed an “equal weight” rating and set a $90.00 target price (down from $93.00) on shares of Advance Auto Parts in a report on Wednesday, August 16th. UBS AG reaffirmed a “buy” rating and set a $118.00 target price (down from $155.00) on shares of Advance Auto Parts in a report on Wednesday, August 16th. Citigroup Inc. cut their target price on shares of Advance Auto Parts to $99.00 and set a “neutral” rating for the company in a report on Wednesday, August 16th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Advance Auto Parts in a report on Tuesday, August 15th. Finally, Gabelli reaffirmed a “buy” rating on shares of Advance Auto Parts in a report on Wednesday, August 16th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $116.44.

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)

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