Grand Jean Capital Management Inc. reduced its situation in Progress Car Components, Inc. (NYSE:AAP – Get Rating) by 22.5% in the 3rd quarter, in accordance to the firm in its most new Form 13F submitting with the Securities & Exchange Commission. The firm owned 35,488 shares of the firm’s inventory following advertising 10,275 shares throughout the quarter. Progress Car Components includes close to 2.5% of Grand Jean Cash Management Inc.’s holdings, producing the inventory its 16th major posture. Grand Jean Money Administration Inc. owned somewhere around .06% of Advance Vehicle Components worthy of $5,548,000 at the close of the most the latest quarter.
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Quite a few other institutional investors have also modified their holdings of the firm. Covestor Ltd raised its posture in shares of Progress Car Pieces by 113.7% in the course of the initially quarter. Covestor Ltd now owns 156 shares of the company’s stock really worth $32,000 right after buying an supplemental 83 shares through the time period. To start with Personal Economic Solutions elevated its situation in Progress Automobile Sections by 113.3% in the course of the third quarter. Initially Own Monetary Expert services now owns 224 shares of the company’s stock valued at $35,000 following shopping for an further 119 shares through the time period. Personal Have faith in Co. NA acquired a new placement in Progress Automobile Areas for the duration of the second quarter valued at $36,000. AllSquare Prosperity Administration LLC acquired a new situation in Advance Auto Areas for the duration of the second quarter valued at $43,000. Eventually, Health care of Ontario Pension Strategy Have faith in Fund acquired a new position in Progress Automobile Areas in the course of the next quarter valued at $48,000. Institutional investors and hedge resources possess 96.04% of the company’s stock.
Advance Automobile Elements Stock Functionality
Progress Vehicle Parts inventory traded down $2.13 through trading several hours on Friday, hitting $148.06. The stock had a trading quantity of 341,912 shares, as opposed to its normal volume of 904,596. The enterprise has a 50-day relocating regular of $148.44 and a two-hundred working day shifting normal of $165.00. The organization has a speedy ratio of .23, a recent ratio of 1.13 and a financial debt-to-equity ratio of .44. The enterprise has a current market cap of $8.90 billion, a PE ratio of 19.30, a price tag-to-earnings-advancement ratio of 1.02 and a beta of 1.11. Progress Automobile Sections, Inc. has a fifty-two 7 days lower of $138.52 and a fifty-two 7 days large of $231.43.
Progress Automobile Pieces (NYSE:AAP – Get Score) very last posted its quarterly earnings outcomes on Tuesday, November 15th. The firm claimed $2.84 EPS for the quarter, missing the consensus estimate of $3.32 by ($.48). The firm experienced profits of $2.64 billion throughout the quarter, as opposed to analyst estimates of $2.66 billion. Progress Auto Parts experienced a web margin of 4.30% and a return on equity of 25.97%. On regular, equities investigate analysts anticipate that Progress Car Components, Inc. will post 12.59 EPS for the present fiscal 12 months.
Wall Street Analyst Weigh In
A number of investigation firms lately weighed in on AAP. StockNews.com elevated Advance Automobile Parts from a “maintain” score to a “invest in” score in a research report on Wednesday, February 1st. Morgan Stanley dropped their selling price concentrate on on Progress Car Elements from $205.00 to $165.00 and established an “equal weight” score on the inventory in a investigate report on Thursday, November 17th. Barclays began protection on Progress Car Elements in a investigation report on Tuesday, February 7th. They issued an “underweight” score and a $145.00 goal selling price on the inventory. The Goldman Sachs Group dropped their concentrate on rate on Advance Vehicle Sections from $230.00 to $197.00 and established a “obtain” rating on the inventory in a study report on Thursday, November 17th. Eventually, Wedbush lifted Progress Vehicle Elements from a “neutral” rating to an “outperform” rating in a investigation report on Friday, January 13th. One particular analysis analyst has rated the stock with a provide score, 10 have presented a hold score, four have assigned a acquire rating and one has issued a strong purchase ranking to the firm’s inventory. Based on details from MarketBeat, Progress Automobile Elements presently has an average ranking of “Maintain” and a consensus focus on cost of $170.44.
Advance Vehicle Parts Corporation Profile
Advance Vehicle Parts, Inc engages in the offer and distribution of aftermarket automotive solutions for both professional installers and do-it-by yourself shoppers. It operates via the pursuing segments: Northern Division, Southern Division, Carquest Canada, Independents and Worldpac. Advance Automobile Pieces gives replacement areas, efficiency sections, extras, oil and fluids, motor sections, brakes, batteries, extras, and instruments and garage.
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