New York State Frequent Retirement Fund reduce its stake in shares of Progress Automobile Components, Inc. (NYSE:AAP – Get Ranking) by 3.2% in the 3rd quarter, in accordance to the organization in its most recent disclosure with the Securities and Exchange Fee (SEC). The business owned 65,183 shares of the firm’s inventory just after selling 2,148 shares throughout the quarter. New York Condition Popular Retirement Fund owned .11% of Advance Automobile Sections worthy of $10,191,000 as of its most current SEC submitting.
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Various other hedge resources have also a short while ago modified their holdings of the stock. Empirical Finance LLC lifted its holdings in shares of Advance Auto Sections by 5.2% through the next quarter. Empirical Finance LLC now owns 1,345 shares of the firm’s stock well worth $233,000 just after getting an additional 66 shares during the period. Assetmark Inc. lifted its holdings in Progress Vehicle Components by 3.8% in the third quarter. Assetmark Inc. now owns 1,835 shares of the company’s inventory valued at $287,000 immediately after attaining an more 68 shares for the duration of the time period. Mackenzie Economic Corp lifted its holdings in Progress Auto Components by 1.5% in the third quarter. Mackenzie Money Corp now owns 5,110 shares of the company’s inventory valued at $799,000 immediately after getting an supplemental 77 shares during the period of time. Harbor Expenditure Advisory LLC lifted its holdings in Advance Automobile Areas by 9.1% in the third quarter. Harbor Expenditure Advisory LLC now owns 944 shares of the firm’s inventory valued at $148,000 following acquiring an extra 79 shares through the period. Eventually, Covestor Ltd lifted its holdings in Advance Auto Areas by 113.7% in the very first quarter. Covestor Ltd now owns 156 shares of the company’s inventory valued at $32,000 right after buying an additional 83 shares during the period of time. 96.04% of the stock is owned by institutional buyers and hedge funds.
Progress Automobile Components Stock Up 2.1 %
AAP opened at $151.91 on Friday. The company has a debt-to-fairness ratio of .44, a recent ratio of 1.13 and a rapid ratio of .23. The stock has a industry capitalization of $9.13 billion, a price tag-to-earnings ratio of 19.53, a selling price-to-earnings-growth ratio of 1.01 and a beta of 1.11. The small business has a 50-day moving typical of $148.12 and a two-hundred day going regular of $166.30. Progress Auto Areas, Inc. has a 12 thirty day period small of $138.52 and a 12 month high of $231.43.
Progress Vehicle Components (NYSE:AAP – Get Rating) very last posted its quarterly earnings results on Tuesday, November 15th. The firm noted $2.84 EPS for the quarter, lacking the consensus estimate of $3.32 by ($.48). The organization had profits of $2.64 billion throughout the quarter, in comparison to analysts’ anticipations of $2.66 billion. Progress Car Sections experienced a internet margin of 4.30% and a return on fairness of 25.97%. On regular, study analysts expect that Progress Car Areas, Inc. will publish 12.58 earnings per share for the recent calendar year.
Analysts Set New Selling price Targets
A selection of investigate firms have commented on AAP. Barclays started coverage on Advance Car Elements in a report on Tuesday. They issued an “underweight” ranking and a $145.00 target cost for the company. The Goldman Sachs Group lowered their goal rate on Progress Vehicle Pieces from $230.00 to $197.00 and set a “purchase” ranking for the company in a report on Thursday, November 17th. Wells Fargo & Business reduce their price target on Progress Car Components from $180.00 to $150.00 and established an “equal weight” rating for the firm in a investigation observe on Thursday, January 5th. Citigroup slice their cost focus on on Advance Automobile Pieces from $161.00 to $159.00 and set a “neutral” ranking for the company in a investigate note on Friday, January 27th. Ultimately, Guggenheim downgraded Progress Vehicle Parts from a “get” ranking to a “neutral” rating in a investigation note on Thursday, November 17th. A person analyst has rated the stock with a sell ranking, eight have issued a maintain score, 5 have issued a invest in ranking and one has supplied a strong acquire ranking to the inventory. According to MarketBeat.com, the inventory presently has a consensus ranking of “Keep” and an normal goal selling price of $180.47.
About Progress Automobile Parts
Progress Auto Components, Inc engages in the provide and distribution of aftermarket automotive products for both of those expert installers and do-it-by yourself consumers. It operates as a result of the next segments: Northern Division, Southern Division, Carquest Canada, Independents and Worldpac. Progress Automobile Parts gives replacement sections, effectiveness components, extras, oil and fluids, engine elements, brakes, batteries, extras, and applications and garage.
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