Jbf Capital Exits Position in Advance Auto Parts (AAP)

Advance Auto Parts (AAP) : Jbf Capital has sold out all of its stake in Advance Auto Parts during the most recent quarter, according to the disclosure filed by the company on Aug 8, 2016 with the SEC. The investment management company has sold out 10,000 shares of Advance Auto Parts which is valued at $1,667,100.

Other Hedge Funds, Including , Bnp Paribas Investment Partners S.a. reduced its stake in AAP by selling 974 shares or 3.22% in the most recent quarter. The Hedge Fund company now holds 29,238 shares of AAP which is valued at $4,874,267. Advance Auto Parts makes up approx 0.04% of Bnp Paribas Investment Partners S.a.’s portfolio.Tdam Usa reduced its stake in AAP by selling 586 shares or 0.87% in the most recent quarter. The Hedge Fund company now holds 66,664 shares of AAP which is valued at $11,365,545. Advance Auto Parts makes up approx 0.54% of Tdam Usa’s portfolio.Sumitomo Mitsui Asset Management Company Ltd boosted its stake in AAP in the latest quarter, The investment management firm added 111 additional shares and now holds a total of 5,679 shares of Advance Auto Parts which is valued at $964,635. Advance Auto Parts makes up approx 0.03% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio.Legacy Private Trust reduced its stake in AAP by selling 1,915 shares or 20.59% in the most recent quarter. The Hedge Fund company now holds 7,385 shares of AAP which is valued at $1,214,094. Advance Auto Parts makes up approx 0.17% of Legacy Private Trust’s portfolio. Cutler Group Lp sold out all of its stake in AAP during the most recent quarter. The investment firm sold 2,076 shares of AAP which is valued $338,201.

Advance Auto Parts opened for trading at $166.75 and hit $169.9 on the upside on Monday, eventually ending the session at $167.76, with a gain of 1.06% or 1.76 points. The heightened volatility saw the trading volume jump to 18,54,564 shares. Company has a market cap of $12,340 M.

On the company’s financial health, Advance Auto Parts reported $2.51 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on May 19, 2016. Analyst had a consensus of $2.61. The company had revenue of $2979.80 million for the quarter, compared to analysts expectations of $3004.77 million. The company’s revenue was down -1.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.39 EPS.

Many Wall Street Analysts have commented on Advance Auto Parts. Company shares were Reiterated by Deutsche Bank on Aug 1, 2016 to “Buy”, Firm has raised the Price Target to $ 180 from a previous price target of $160 .Shares were Reiterated by RBC Capital Mkts on May 20, 2016 to “Outperform” and Lowered the Price Target to $ 157 from a previous price target of $170 .

Advance Auto Parts Inc. is a provider of automotive aftermarket parts. The company’s stores and branches offer a selection of brand name original equipment manufacturer (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. The company serves its do-it-for-me (commercial) customers and do-it-yourself (DIY) customers through a variety of channels ranging from traditional brick and mortar store locations to self-serving e-commerce sites. As of January 3 2015 the Company’s operations are comprised of 5261 stores and 111 distribution branches which operate in the United States Canada Puerto Rico and the United States Virgin Islands primarily under the trade names Advance Auto Parts Carquest Autopart International and Worldpac.

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