Advance Auto Parts Holdings Boosted by Tricadia Capital Management

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Tricadia Capital Management raised its holdings in stocks of Advance Auto Parts (NYSE:AAP) by 8.0% through out the 2nd period, based on the latest document with the SEC. The investment company owned 58,300 stocks of the firms shares after scooping up an extra 4,300 shares through out the period. Advance Auto Parts accounts for roughly 2.4% of Tricadia Capital Management LLC’s holdings, making the share its 16th largest holding. Tricadia Capital Management held 0.08% of Advance Auto Parts valued $6,797,000 during the latest period.

Advance Auto Parts (NYSE:AAP) started trading at 99.20 on early Fri. Valuation of the business is $7.29 B, a price to earnings ratio of 16.00 along with a stock beta of 0.90. the firms 50 Day SMA price is $99.61 and its 200 SMA price is $125.12. Advance Auto Parts has a 52 week low of $82.21 and a 52 week high of $177.83.

Many other high profile fund managers have adjusted their holdings of AAP. BlackRock boosted its position in Advance Auto Parts by 3,142.5% through out the 1st period. BlackRock has an ownership of 4,320,280 stocks of the firms shares valued $640,524,000 after scooping up an extra 4,187,042 shares through out the quarter. Lazard Asset Management boosted its position in stocks of Advance Auto Parts by 45.7% in the 1st period. Lazard Asset Management has an ownership of 3,135,361 company stock worth at $464,848,000 following purchasing an extra 983,616 shares through out the quarter. Neuberger Berman Group boosted its position in stocks of Advance Auto Parts by 6,616.2% in the 2nd period. Neuberger Berman Group has an ownership of 903,258 company stock worth at $105,311,000 following purchasing an extra 889,809 shares through out the quarter. Thompson Siegel & Walmsley boosted its position in stocks of Advance Auto Parts by 279.6% in the 2nd period. Thompson Siegel & Walmsley has an ownership of 1,147,414 company stock worth at $133,777,000 following purchasing an extra 845,130 shares through out the quarter. Lastly, Bessemer Group boosted its position in stocks of Advance Auto Parts by 193.0% in the 2nd period. Bessemer Group has an ownership of 1,207,206 company stock worth at $140,748,000 following purchasing an extra 795,132 shares through out the quarter.

Advance Auto Parts (NYSE:AAP) previously issued its fiscal periodic earnings information on early Tue, Aug 15th. The corporation posted $1.58 EPS for the period, falling below brokerage firms expectations of $1.65 by ($0.07). Advance Auto Parts had a net profit margin of 3.91% and a ROE of 14.71%. the business reported sales of $2.26 B for the period, compared to analysts’ anticipations of $2.26 B. For the same quarter from the prior fiscal year, company reported $1.90 EPS. Company’s for the quarter end, revenue was upwards of .3% on a YOY basis. brokerage firm analysts expect that Advance Auto Parts to post $5.16 EPS for the full year.

Also, the company announced dividend for the quarter, expected to be paid on early Fri, Oct 6th. Investors with a record date on early Fri, Sep 22nd will be given a dividend of $0.06 for a share. The ex-dividend date of this dividend is Thurs, Sep 21st. this indicates a $0.24 annual dividend and a payout of of 0.24%. Advance Auto Parts’s yield is 4.80%.

Many brokerage firms have published reports on AAP Stocks. Jefferies lifted Advance Auto Parts from a “hold” recommendation to a “buy” recommendation and reduced their PT for the company from $150.00 to $130.00 in a study report published on Fri, Jul 7th. The move was based on the current stock valulation. Credit Suisse Group fixed a $150.00 price objective on Advance Auto Parts and issued the company a “buy” recommendation in a analysis report on Mon, Jun 26th. Maxim Group reiterated a “buy” recommendation on stocks of Advance Auto Parts in a study analysis published on early Thur, Jun 29th. Deutsche Bank AG reiterated a “buy” recommendation and given a $139.00 price objective (down prior from $164.00) on stocks of Advance Auto Parts in a study report published on Fri, Jul 21st. Lastly, UBS Group AG reiterated a “buy” recommendation and given a $155.00 price objective (down prior from $170.00) on stocks of Advance Auto Parts in a study report on early Mon, Aug 7th. Five research experts recommended the company shares with a sell recommendation, around seven has issued a hold recommendation, eleven have published a buy recommendation and 1 have issued a strong buy recommendation to the share. The stock currently has a consensus recommendation of “Hold” and a consensus price objective of $123.08.

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