Advance Auto Parts Incorporated (NYSE:AAP) Can’t Be More Risky. Short Interest Increased

June 20, 2017 - By Marry Poplack

 Advance Auto Parts Incorporated (NYSE:AAP) Can't Be More Risky. Short Interest Increased

Investors sentiment increased to 1.05 in Q4 2016. Its up 0.03, from 1.02 in 2016Q3. It increased, 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.
Bessemer Inc stated it has 0.3% in Advance Auto Parts, Inc. (NYSE:AAP). Security Bancorp Of Sioux City Iowa Ia has invested 1.09% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP). Samlyn Capital Limited Liability reported 0.37% in Advance Auto Parts, Inc. (NYSE:AAP). Bb&T Corporation holds 0.01% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP) for 1,499 shares. Aviva Public Ltd Liability Co reported 0.05% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP). Korea Invest reported 0% in Advance Auto Parts, Inc. (NYSE:AAP). Willis Invest Counsel owns 0.54% invested in Advance Auto Parts, Inc. (NYSE:AAP) for 42,995 shares. 11,338 are owned by Beach Invest Counsel Pa. Bnp Paribas Invest Partners Sa has 3,672 shares for 0.01% of their portfolio. Delta Lloyd Nv reported 0.06% in Advance Auto Parts, Inc. (NYSE:AAP). Clearbridge Limited Co, New York-based fund reported 122,347 shares. 1,591 are owned by Putnam Investments Limited Liability Corporation. 384,330 were accumulated by Cap Guardian. Virtus Investment Advisers holds 13,652 shares or 0.18% of its portfolio. Marble Arch Invs Lp stated it has 790,700 shares or 9.53% of all its holdings.

Since March 7, 2017, it had 7 insider buys, and 2 selling transactions for $47.37 million activity. Carter William Harrison also sold $411,113 worth of Advance Auto Parts, Inc. (NYSE:AAP) on Monday, March 20. $161,364 worth of stock was bought by Buss Brad W on Tuesday, May 30. 1,895 shares were bought by LEE EUGENE I JR, worth $250,481 on Friday, May 26. On Thursday, June 1 the insider Karaboutis Adriana bought $49,648. Slone Reuben E had bought 500 shares worth $67,435 on Tuesday, May 30. 18,944 Advance Auto Parts, Inc. (NYSE:AAP) shares with value of $2.91 million were sold by Tyson Charles E.

The stock of Advance Auto Parts Incorporated (NYSE:AAP) registered an increase of 13.26% in short interest. AAP’s total short interest was 6.04M shares in June as published by FINRA. Its up 13.26% from 5.33 million shares, reported previously. With 725,600 shares average volume, it will take short sellers 8 days to cover their AAP’s short positions. The short interest to Advance Auto Parts Incorporated’s float is 8.25%.

The stock decreased 0.43% or $0.56 during the last trading session, reaching $129.6. About shares traded. Advance Auto Parts, Inc. (NYSE:AAP) has risen 5.52% since June 20, 2016 and is uptrending. It has underperformed by 11.18% the S&P500.

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 $9.50 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 23.51 P/E ratio. It serves through various channels ranging from traditional brick and mortar store locations to self-serving e-commerce sites.

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. has $217 highest and $120 lowest target. $175.24’s average target is 35.22% above currents $129.6 stock price. Advance Auto Parts Inc. had 50 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was upgraded by Zacks to “Buy” on Monday, September 7. The rating was maintained by Morgan Stanley on Friday, May 20 with “Overweight”. The stock of Advance Auto Parts, Inc. (NYSE:AAP) earned “Buy” rating by Deutsche Bank on Friday, February 12. The rating was maintained by UBS with “Buy” on Friday, February 5. As per Sunday, August 16, the company rating was maintained by RBC Capital Markets. The rating was initiated by Jefferies on Tuesday, September 15 with “Hold”. The company was initiated on Friday, August 26 by Susquehanna. The rating was downgraded by Raymond James to “Market Perform” on Thursday, May 5. Atlantic Securities initiated Advance Auto Parts, Inc. (NYSE:AAP) on Wednesday, December 14 with “Overweight” rating. On Wednesday, February 22 the stock rating was maintained by Barclays Capital with “Underweight”.

More notable recent Advance Auto Parts, Inc. (NYSE:AAP) news were published by: Barrons.com which released: “Advance Auto Parts: And the Bottom Falls Out” on May 25, 2017, also Barrons.com with their article: “Why This Analyst Is “Sticking With” Advance Auto Parts, AutoZone” published on June 13, 2017, Marketwatch.com published: “Advance Auto Parts shares slide after earnings and revenue miss” on May 24, 2017. More interesting news about Advance Auto Parts, Inc. (NYSE:AAP) were released by: Nasdaq.com and their article: “What Falling Estimates & Price Mean for Advance Auto Parts (AAP)” published on June 13, 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.

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