Advance Auto Parts Inc (AAP) to Issue $0.06 Quarterly Dividend

Advanced Auto Parts

Tocqueville Asset Management L.P. owned approximately 0.08% of Advance Auto Parts worth $6,077,000 as of its most recent SEC filing. UBS maintained the shares of AAP in report on Friday, February 5 with "Buy" rating. Companies may issue new shares and buy back their own shares. (NYSE:AAP) are 1.95%; -3.78% for the month; -5.51% for the last quarter; -43.35% for the past six-months; and -43.26% for the last 12 months.The current price is staying below the SMA lines which signify weakens and is generally unhealthy/negative and may provide the momentum for driving the share price lower. Nordea Invest Mgmt holds 3,619 shares or 0% of its portfolio. It increased, as 69 investors sold Advance Auto Parts, Inc. shares while 122 reduced holdings.

Advance Auto Parts has a dividend payout ratio of 4.7% meaning its dividend is sufficiently covered by earnings.

A number of analysts have weighed in on AAP shares. The company has an average rating of "Hold" and an average target price of $116.44. Advance Auto Parts Inc.'s average EBITDA per Share Growth Rate was -16.5 percent during the past 12 months. Goldman Sachs Group, Inc. The biggest holder now is Nicholas F. Taubman who owns 2,324,574 shares (3.15% of those outstanding), whilst Darren R. Jackson holds 140,699 (0.19% of shares outstanding) and Mr. Thomas R. Greco holds 114,630 (0.16% of shares outstanding). Three research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company's stock. Citigroup Inc. cut their price objective on Advance Auto Parts to $99.00 and set a "neutral" rating for the company in a report on Wednesday, August 16th. (NYSE:AAP) has been trading recently. The company maintains price to book ratio of 2.34 vs.an industry average at 2.31. Institutional ownership is usually beneficial to a stock price initially, but very high institutional ownership has several shortcomings. The company reported $1.43 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.25 by $0.18. Advance Auto Parts had a return on equity of 14.71% and a net margin of 3.91%.

Revenues fell 3.0% from previous year to $2.18 billion, however, falling short of analysts' view for $2.21 billion. Year-to-date, AAP has declined -51.27%, versus a 17.22% rise in the benchmark S&P 500 index during the same period. Advance Auto Parts Inc. had 83 analyst reports since August 5, 2015 according to SRatingsIntel.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 5th. (NYSE:AAP) has a Shareholder Yield of -0.000784 and a Shareholder Yield (Mebane Faber) of 0.02131. Advance Auto Parts's dividend payout ratio (DPR) is now 4.80%. (NYSE:AAP). Massachusetts Financial Service Ma stated it has 0.06% of its portfolio in Advance Auto Parts, Inc. The Company's stores and branches offer a selection of brand name, original equipment maker (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks.

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