Is Advance Auto Parts, Inc. (AAP)’s Fuel Running Low? The Stock Reaches Yearly Low Today

June 9, 2017 - By Marie Mckinney

Investors sentiment increased to 1.05 in 2016 Q4. Its up 0.03, from 1.02 in 2016Q3. It is positive, as 50 investors sold Advance Auto Parts, Inc. shares while 161 reduced holdings. 75 funds opened positions while 146 raised stakes. 71.45 million shares or 0.43% less from 71.76 million shares in 2016Q3 were reported.
Glob Thematic Ptnrs Limited Company holds 1.51% or 265,731 shares in its portfolio. Federated Invsts Inc Pa, Pennsylvania-based fund reported 401 shares. American Intll has 26,066 shares for 0.02% of their portfolio. Comerica Bancorp owns 32,817 shares. Massmutual Fsb Adv holds 220 shares. Moreover, Buckingham Cap Management Inc has 0.27% invested in Advance Auto Parts, Inc. (NYSE:AAP) for 6,533 shares. Fox Point Cap Limited Liability Company reported 12,500 shares. Fjarde Ap, Alabama-based fund reported 16,287 shares. Peak6 Limited Partnership invested 0.01% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP). Moreover, Old Mutual Customised Solutions (Proprietary) Ltd has 0.07% invested in Advance Auto Parts, Inc. (NYSE:AAP) for 2,100 shares. State Treasurer State Of Michigan reported 0.03% in Advance Auto Parts, Inc. (NYSE:AAP). Howard Hughes Medical Institute holds 0.09% or 2,310 shares. Employees Retirement System Of Texas has invested 0% in Advance Auto Parts, Inc. (NYSE:AAP). British Columbia Investment Mngmt Corp stated it has 0.05% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP). 14,561 are held by Aqr Cap Mgmt Limited Liability Corporation.

Since March 7, 2017, it had 7 insider buys, and 2 selling transactions for $47.37 million activity. Shares for $161,364 were bought by Buss Brad W. Shares for $2.15 million were bought by Greco Thomas. 2,690 shares valued at $411,113 were sold by Carter William Harrison on Monday, March 20. 500 shares were bought by Slone Reuben E, worth $67,435. The insider Tyson Charles E sold 18,944 shares worth $2.91 million. Another trade for 1,895 shares valued at $250,481 was bought by LEE EUGENE I JR.

The stock of Advance Auto Parts, Inc. (NYSE:AAP) hit a new 52-week low and has $120.18 target or 5.00 % below today’s $126.51 share price. The 9 months bearish chart indicates high risk for the $9.01 billion company. The 1-year low was reported on Jun, 9 by Barchart.com. If the $120.18 price target is reached, the company will be worth $450.50 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

About 629,395 shares traded. Advance Auto Parts, Inc. (NYSE:AAP) has risen 5.52% since June 9, 2016 and is uptrending. It has underperformed by 11.18% the S&P500.

Advance Auto Parts, Inc. (NYSE:AAP) Ratings Coverage

Among 23 analysts covering Advance Auto Parts Inc. (NYSE:AAP), 13 have Buy rating, 2 Sell and 8 Hold. Therefore 57% are positive. Advance Auto Parts Inc. had 50 analyst reports since August 5, 2015 according to SRatingsIntel. Goldman Sachs upgraded the shares of AAP in report on Friday, May 6 to “Buy” rating. Gabelli initiated Advance Auto Parts, Inc. (NYSE:AAP) on Friday, April 15 with “Hold” rating. The firm has “Neutral” rating by Bank of America given on Friday, January 13. Susquehanna upgraded the stock to “Positive” rating in Tuesday, November 15 report. Jefferies initiated Advance Auto Parts, Inc. (NYSE:AAP) on Tuesday, September 15 with “Hold” rating. Goldman Sachs maintained the shares of AAP in report on Wednesday, April 6 with “Neutral” rating. The firm has “Overweight” rating by Atlantic Securities given on Wednesday, December 14. UBS maintained it with “Buy” rating and $200 target in Wednesday, August 5 report. RBC Capital Markets maintained Advance Auto Parts, Inc. (NYSE:AAP) on Friday, August 14 with “Outperform” rating. Susquehanna initiated the stock with “Neutral” rating in Friday, August 26 report.

More notable recent Advance Auto Parts, Inc. (NYSE:AAP) news were published by: Nasdaq.com which released: “Advance Auto Parts (AAP) Miss on Q1 Earnings & Revenues” on May 24, 2017, also Nasdaq.com with their article: “Will Advance Auto Parts (AAP) Disappoint in Q1 Earnings?” published on May 22, 2017, Nasdaq.com published: “Advance Auto Parts Inc (AAP) President and CEO Thomas Greco Bought $2.2 …” on May 31, 2017. More interesting news about Advance Auto Parts, Inc. (NYSE:AAP) were released by: Nasdaq.com and their article: “The Zacks Analyst Blog Highlights: General Motors, AutoZone, Advance Auto …” published on May 26, 2017 as well as Seekingalpha.com‘s news article titled: “Advance Auto Parts’ (AAP) CEO Tom Greco on Q1 2017 Results – Earnings Call …” with publication date: May 24, 2017.

Advance Auto Parts, Inc. provides automotive aftermarket parts in North America, serving do-it-for-me and do-it-yourself (DIY), customers. The company has market cap of $9.01 billion. 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. It has a 22.95 P/E ratio. It serves through various channels ranging from traditional brick and mortar store locations to self-serving e-commerce sites.

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