Trust Co. of Virginia VA Decreases Holdings in Advance Auto Parts, Inc. (NYSE:AAP)

Trust Co. of Virginia VA trimmed its holdings in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 26.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,245 shares of the company’s stock after selling 3,330 shares during the period. Trust Co. of Virginia VA’s holdings in Advance Auto Parts were worth $1,425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in AAP. Berman Capital Advisors LLC lifted its holdings in Advance Auto Parts by 172.8% during the 2nd quarter. Berman Capital Advisors LLC now owns 221 shares of the company’s stock worth $33,000 after buying an additional 140 shares during the last quarter. Nelson Roberts Investment Advisors LLC purchased a new stake in shares of Advance Auto Parts in the 1st quarter valued at about $40,000. Pinnacle Financial Partners Inc. purchased a new stake in shares of Advance Auto Parts in the 1st quarter valued at about $43,000. Amica Retiree Medical Trust purchased a new stake in shares of Advance Auto Parts in the 2nd quarter valued at about $49,000. Finally, YorkBridge Wealth Partners LLC lifted its holdings in shares of Advance Auto Parts by 252.1% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 331 shares of the company’s stock valued at $51,000 after purchasing an additional 237 shares during the last quarter. 97.97% of the stock is owned by institutional investors.

Shares of AAP traded down $0.19 on Monday, reaching $136.40. The stock had a trading volume of 22,978 shares, compared to its average volume of 1,543,655. The firm has a market capitalization of $9.82 billion, a PE ratio of 19.09, a PEG ratio of 1.49 and a beta of 0.87. The company has a quick ratio of 0.31, a current ratio of 1.36 and a debt-to-equity ratio of 0.76. The firm has a 50-day moving average of $152.35 and a 200 day moving average of $159.88. Advance Auto Parts, Inc. has a twelve month low of $130.09 and a twelve month high of $186.15.

Advance Auto Parts (NYSE:AAP) last released its quarterly earnings results on Tuesday, August 13th. The company reported $2.00 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.22). Advance Auto Parts had a return on equity of 15.16% and a net margin of 4.52%. The firm had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the prior year, the company earned $1.97 EPS. The business’s revenue was up .2% on a year-over-year basis. On average, sell-side analysts anticipate that Advance Auto Parts, Inc. will post 7.98 earnings per share for the current fiscal year.

Several equities analysts recently issued reports on AAP shares. ValuEngine cut Advance Auto Parts from a “buy” rating to a “hold” rating in a research report on Tuesday, June 11th. Royal Bank of Canada dropped their price target on Advance Auto Parts to $178.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 14th. Citigroup restated a “hold” rating and issued a $156.00 price target (down previously from $182.00) on shares of Advance Auto Parts in a research report on Wednesday, August 14th. Guggenheim cut Advance Auto Parts from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 14th. Finally, Wedbush restated an “outperform” rating and issued a $200.00 price target on shares of Advance Auto Parts in a research report on Thursday, July 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $183.38.

Advance Auto Parts Profile

Advance Auto Parts, Inc provides 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 offers battery accessories, belts and hoses, brakes and brake pads, chassis and climate control parts, clutches and drive shafts, engines and engine parts, exhaust systems and parts, hub assemblies, ignition components and wires, radiators and cooling parts, starters and alternators, and steering and alignment parts.

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Institutional Ownership by Quarter for Advance Auto Parts (NYSE:AAP)

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