Advance Auto Elements, Inc. (NYSE:AAP – Get Ranking) was the recipient of a big decline briefly curiosity in the course of the month of August. As of August thirty first, there was brief curiosity totalling 3,020,000 shares, a decline of 25.4% from the August fifteenth complete of 4,050,000 shares. At present, 5.1% of the corporate’s shares are bought brief. Based mostly on a median buying and selling quantity of 755,600 shares, the days-to-cover ratio is presently 4.0 days.
Advance Auto Elements Inventory Efficiency
Shares of AAP traded down $0.82 throughout mid-day buying and selling on Friday, reaching $166.80. 1,566,534 shares of the corporate’s inventory have been exchanged, in comparison with its common quantity of 931,395. The corporate has a debt-to-equity ratio of 0.42, a present ratio of 1.16 and a fast ratio of 0.25. The inventory has a market capitalization of $10.03 billion, a PE ratio of 19.35, a price-to-earnings-growth ratio of 1.07 and a beta of 1.24. The enterprise’s fifty day easy transferring common is $186.77 and its 200-day easy transferring common is $194.71. Advance Auto Elements has a 52-week low of $164.00 and a 52-week excessive of $244.55.
Advance Auto Elements (NYSE:AAP – Get Ranking) final introduced its earnings outcomes on Tuesday, August twenty third. The corporate reported $3.74 earnings per share (EPS) for the quarter, lacking analysts’ consensus estimates of $3.76 by ($0.02). Advance Auto Elements had a return on fairness of 25.99% and a web margin of 4.84%. Throughout the identical quarter within the earlier 12 months, the enterprise earned $3.40 EPS. On common, equities analysis analysts anticipate that Advance Auto Elements will put up 13.01 earnings per share for the present 12 months.
Advance Auto Elements Broadcasts Dividend
The agency additionally lately introduced a quarterly dividend, which will likely be paid on Friday, September thirtieth. Stockholders of document on Friday, September sixteenth will likely be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Thursday, September fifteenth. This represents a $6.00 dividend on an annualized foundation and a dividend yield of three.60%. Advance Auto Elements’s dividend payout ratio (DPR) is presently 69.61%.
Wall Avenue Analysts Forecast Development
A number of analysis analysts have lately weighed in on AAP shares. The Goldman Sachs Group reissued a “purchase” score and set a $219.00 worth goal on shares of Advance Auto Elements in a analysis report on Thursday, August twenty fifth. Wells Fargo & Firm lowered their worth goal on shares of Advance Auto Elements from $230.00 to $200.00 and set an “equal weight” score on the inventory in a analysis report on Tuesday, Might twenty fourth. Guggenheim lowered their worth goal on shares of Advance Auto Elements from $266.00 to $259.00 and set a “purchase” score on the inventory in a analysis report on Wednesday, Might twenty fifth. Truist Monetary decreased their goal worth on shares of Advance Auto Elements from $238.00 to $228.00 and set a “purchase” score on the inventory in a analysis report on Thursday, August twenty fifth. Lastly, Morgan Stanley decreased their goal worth on shares of Advance Auto Elements from $225.00 to $205.00 and set an “equal weight” score on the inventory in a analysis report on Thursday, August twenty fifth. 4 analysts have rated the inventory with a maintain score, 13 have assigned a purchase score and one has issued a powerful purchase score to the corporate. Based on MarketBeat, the inventory presently has a consensus score of “Average Purchase” and a median goal worth of $235.56.
Hedge Funds Weigh In On Advance Auto Elements
A variety of hedge funds have lately modified their holdings of the enterprise. Non-public Belief Co. NA acquired a brand new stake in shares of Advance Auto Elements in the course of the second quarter value $36,000. Royal London Asset Administration Ltd. lifted its holdings in shares of Advance Auto Elements by 7.7% in the course of the second quarter. Royal London Asset Administration Ltd. now owns 25,497 shares of the corporate’s inventory value $4,419,000 after buying a further 1,832 shares in the course of the interval. Amundi lifted its holdings in shares of Advance Auto Elements by 26.8% in the course of the second quarter. Amundi now owns 530,558 shares of the corporate’s inventory value $93,385,000 after buying a further 112,186 shares in the course of the interval. Verition Fund Administration LLC lifted its holdings in shares of Advance Auto Elements by 384.0% in the course of the second quarter. Verition Fund Administration LLC now owns 64,702 shares of the corporate’s inventory value $11,199,000 after buying a further 51,335 shares in the course of the interval. Lastly, Prelude Capital Administration LLC acquired a brand new stake in shares of Advance Auto Elements in the course of the second quarter value $296,000. 99.47% of the inventory is at present owned by hedge funds and different institutional traders.
Advance Auto Elements Firm Profile
(Get Ranking)
Advance Auto Elements, Inc supplies automotive substitute elements, equipment, batteries, and upkeep objects for home and imported vehicles, vans, sport utility automobiles, and light-weight and heavy responsibility vans. The corporate presents battery equipment; belts and hoses; brakes and brake pads; chassis and local weather management elements; clutches and drive shafts; engines and engine elements; exhaust programs and elements; hub assemblies; ignition elements and wires; radiators and cooling elements; starters and alternators; and steering and alignment elements.
See Additionally
This instantaneous information alert was generated by narrative science know-how and monetary knowledge from MarketBeat with a purpose to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial workforce previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.
Earlier than you think about Advance Auto Elements, you may need to hear this.
MarketBeat retains monitor of Wall Avenue’s top-rated and finest performing analysis analysts and the shares they suggest to their purchasers every day. MarketBeat has recognized the 5 shares that prime analysts are quietly whispering to their purchasers to purchase now earlier than the broader market catches on… and Advance Auto Elements wasn’t on the record.
Whereas Advance Auto Elements at present has a “Average Purchase” score amongst analysts, top-rated analysts consider these 5 shares are higher buys.
View The 5 Shares Right here
