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.
Even further Looking at
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