May 29, 2024

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Advance Auto Parts, Inc. (NYSE:AAP) Shares Sold by Grand Jean Capital Management Inc.

Advance Auto Parts, Inc. (NYSE:AAP) Shares Sold by Grand Jean Capital Management Inc.

Grand Jean Funds Management Inc. diminished its posture in Progress Car Pieces, Inc. (NYSE:AAP – Get Rating) by 22.5{ca2182fc8fed51dc37b95061ee48b5056cde1176732b225548c54a0c0156d303} in the 3rd quarter, in accordance to the corporation in its most new Kind 13F filing with the Securities & Trade Fee. The business owned 35,488 shares of the firm’s stock soon after marketing 10,275 shares in the course of the quarter. Advance Automobile Pieces comprises approximately 2.5{ca2182fc8fed51dc37b95061ee48b5056cde1176732b225548c54a0c0156d303} of Grand Jean Capital Administration Inc.’s holdings, making the stock its 16th most significant placement. Grand Jean Capital Management Inc. owned roughly .06{ca2182fc8fed51dc37b95061ee48b5056cde1176732b225548c54a0c0156d303} of Advance Vehicle Areas value $5,548,000 at the stop of the most recent quarter.

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Several other institutional investors have also modified their holdings of the firm. Covestor Ltd elevated its posture in shares of Progress Automobile Sections by 113.7{ca2182fc8fed51dc37b95061ee48b5056cde1176732b225548c54a0c0156d303} throughout the first quarter. Covestor Ltd now owns 156 shares of the firm’s stock worth $32,000 following acquiring an extra 83 shares for the duration of the period of time. First Private Economic Services elevated its placement in Advance Auto Components by 113.3{ca2182fc8fed51dc37b95061ee48b5056cde1176732b225548c54a0c0156d303} in the course of the 3rd quarter. First Own Economic Providers now owns 224 shares of the company’s stock valued at $35,000 right after getting an additional 119 shares through the interval. Non-public Trust Co. NA acquired a new placement in Progress Automobile Parts during the second quarter valued at $36,000. AllSquare Wealth Management LLC obtained a new situation in Progress Auto Components all through the next quarter valued at $43,000. Finally, Health care of Ontario Pension Prepare Have confidence in Fund obtained a new position in Progress Auto Pieces for the duration of the next quarter valued at $48,000. Institutional traders and hedge cash have 96.04{ca2182fc8fed51dc37b95061ee48b5056cde1176732b225548c54a0c0156d303} of the firm’s stock.

Advance Auto Areas Stock Performance

Advance Automobile Components inventory traded down $2.13 through trading hours on Friday, hitting $148.06. The stock experienced a buying and selling quantity of 341,912 shares, compared to its typical quantity of 904,596. The business has a 50-working day transferring common of $148.44 and a two-hundred day relocating ordinary of $165.00. The business has a rapid ratio of .23, a current ratio of 1.13 and a debt-to-fairness ratio of .44. The company has a current market cap of $8.90 billion, a PE ratio of 19.30, a value-to-earnings-advancement ratio of 1.02 and a beta of 1.11. Progress Auto Parts, Inc. has a fifty-two week low of $138.52 and a fifty-two 7 days high of $231.43.

Progress Auto Components (NYSE:AAP – Get Ranking) past posted its quarterly earnings results on Tuesday, November 15th. The company described $2.84 EPS for the quarter, lacking the consensus estimate of $3.32 by ($.48). The company experienced revenue of $2.64 billion in the course of the quarter, when compared to analyst estimates of $2.66 billion. Progress Auto Sections had a web margin of 4.30{ca2182fc8fed51dc37b95061ee48b5056cde1176732b225548c54a0c0156d303} and a return on equity of 25.97{ca2182fc8fed51dc37b95061ee48b5056cde1176732b225548c54a0c0156d303}. On common, equities research analysts anticipate that Progress Auto Parts, Inc. will submit 12.59 EPS for the present fiscal calendar year.

Wall Street Analyst Weigh In

Various investigation companies lately weighed in on AAP. StockNews.com elevated Advance Car Areas from a “keep” score to a “obtain” score in a investigate report on Wednesday, February 1st. Morgan Stanley dropped their cost focus on on Progress Vehicle Pieces from $205.00 to $165.00 and established an “equivalent body weight” rating on the inventory in a research report on Thursday, November 17th. Barclays commenced coverage on Advance Vehicle Parts in a research report on Tuesday, February 7th. They issued an “underweight” score and a $145.00 goal price on the stock. The Goldman Sachs Group dropped their focus on cost on Advance Vehicle Areas from $230.00 to $197.00 and set a “purchase” rating on the stock in a analysis report on Thursday, November 17th. At last, Wedbush elevated Progress Automobile Areas from a “neutral” rating to an “outperform” score in a investigate report on Friday, January 13th. 1 exploration analyst has rated the inventory with a offer ranking, ten have supplied a hold rating, four have assigned a purchase ranking and one has issued a powerful purchase rating to the company’s stock. Based on data from MarketBeat, Progress Auto Elements presently has an common rating of “Hold” and a consensus concentrate on price tag of $170.44.

Advance Vehicle Components Company Profile

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Progress Automobile Pieces, Inc engages in the offer and distribution of aftermarket automotive products and solutions for both of those skilled installers and do-it-you prospects. It operates as a result of the pursuing segments: Northern Division, Southern Division, Carquest Canada, Independents and Worldpac. Advance Automobile Elements features alternative components, general performance components, equipment, oil and fluids, engine sections, brakes, batteries, components, and equipment and garage.

Further more Looking at

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

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