Advance Auto Elements, Inc. (NYSE:AAP) to Problem $1.50 Quarterly Dividend

Advance Auto Elements, Inc. (NYSE:AAP – Get Score) introduced a quarterly dividend on Tuesday, August sixteenth, Zacks experiences. Stockholders of document on Friday, September sixteenth might be paid a dividend of 1.50 per share on Friday, September thirtieth. This represents a $6.00 annualized dividend and a dividend yield of three.39{7e44665ad31c7163a3225b5cdeca12ae8e1ba5a9651d05b2285576263eb8f3ac}. The ex-dividend date is Thursday, September fifteenth.

Advance Auto Elements has raised its dividend by a mean of 138.4{7e44665ad31c7163a3225b5cdeca12ae8e1ba5a9651d05b2285576263eb8f3ac} per yr during the last three years and has elevated its dividend yearly for the final 3 consecutive years. Advance Auto Elements has a dividend payout ratio of 41.5{7e44665ad31c7163a3225b5cdeca12ae8e1ba5a9651d05b2285576263eb8f3ac} which means its dividend is sufficiently coated by earnings. Analysis analysts anticipate Advance Auto Elements to earn $14.75 per share subsequent yr, which implies the corporate ought to proceed to have the ability to cowl its $6.00 annual dividend with an anticipated future payout ratio of 40.7{7e44665ad31c7163a3225b5cdeca12ae8e1ba5a9651d05b2285576263eb8f3ac}.

Advance Auto Elements Inventory Down 2.4 {7e44665ad31c7163a3225b5cdeca12ae8e1ba5a9651d05b2285576263eb8f3ac}

Advance Auto Elements inventory traded down $4.44 throughout mid-day buying and selling on Tuesday, reaching $177.05. 6,533 shares of the corporate had been exchanged, in comparison with its common quantity of 862,904. The corporate has a debt-to-equity ratio of 0.42, a fast ratio of 0.25 and a present ratio of 1.16. The agency has a market cap of $10.64 billion, a P/E ratio of 21.05, a PEG ratio of 1.15 and a beta of 1.24. The enterprise has a fifty day shifting common of $187.84 and a 200 day shifting common of $195.73. Advance Auto Elements has a 12-month low of $164.00 and a 12-month excessive of $244.55.

Advance Auto Elements (NYSE:AAP – Get Score) final issued its quarterly earnings knowledge on Tuesday, August twenty third. The corporate reported $3.74 earnings per share for the quarter, lacking analysts’ consensus estimates of $3.76 by ($0.02). Advance Auto Elements had a web margin of 4.84{7e44665ad31c7163a3225b5cdeca12ae8e1ba5a9651d05b2285576263eb8f3ac} and a return on fairness of 25.99{7e44665ad31c7163a3225b5cdeca12ae8e1ba5a9651d05b2285576263eb8f3ac}. Throughout the identical interval within the prior yr, the corporate posted $3.40 EPS. Analysis analysts anticipate that Advance Auto Elements will submit 13.01 earnings per share for the present fiscal yr.

Institutional Traders Weigh In On Advance Auto Elements

Massive buyers have just lately added to or diminished their stakes within the firm. Covestor Ltd elevated its holdings in shares of Advance Auto Elements by 113.7{7e44665ad31c7163a3225b5cdeca12ae8e1ba5a9651d05b2285576263eb8f3ac} within the first quarter. Covestor Ltd now owns 156 shares of the corporate’s inventory valued at $32,000 after shopping for an extra 83 shares within the final quarter. Virtu Monetary LLC purchased a brand new stake in shares of Advance Auto Elements throughout the first quarter price roughly $209,000. Enlightenment Analysis LLC purchased a brand new place in Advance Auto Elements throughout the 1st quarter price roughly $212,000. Personal Advisor Group LLC acquired a brand new place in shares of Advance Auto Elements within the first quarter valued at roughly $232,000. Lastly, Toroso Investments LLC acquired a brand new stake in Advance Auto Elements within the 1st quarter valued at roughly $271,000. 99.47{7e44665ad31c7163a3225b5cdeca12ae8e1ba5a9651d05b2285576263eb8f3ac} of the inventory is owned by institutional buyers and hedge funds.

Analyst Scores Adjustments

Quite a lot of analysts have just lately weighed in on AAP shares. Guggenheim lowered their worth goal on Advance Auto Elements from $266.00 to $259.00 and set a “purchase” score for the corporate in a analysis report on Wednesday, Could twenty fifth. Wells Fargo & Firm decreased their worth goal on shares of Advance Auto Elements from $230.00 to $200.00 and set an “equal weight” score for the corporate in a report on Tuesday, Could twenty fourth. Raymond James reduce their goal worth on Advance Auto Elements from $250.00 to $220.00 in a analysis report on Thursday, August twenty fifth. UBS Group dropped their worth goal on Advance Auto Elements from $250.00 to $230.00 and set a “purchase” score on the inventory in a analysis word on Wednesday, August twenty fourth. Lastly, The Goldman Sachs Group reissued a “purchase” score and issued a $219.00 worth goal on shares of Advance Auto Elements in a report on Thursday, August twenty fifth. 5 analysts have rated the inventory with a maintain score, twelve have issued a purchase score and one has assigned a powerful purchase score to the inventory. In response to knowledge from MarketBeat, Advance Auto Elements has a mean score of “Average Purchase” and a mean goal worth of $235.56.

About Advance Auto Elements

(Get Score)

Advance Auto Elements, Inc gives automotive alternative elements, equipment, batteries, and upkeep objects for home and imported vehicles, vans, sport utility automobiles, and lightweight and heavy responsibility vehicles. The corporate provides battery equipment; belts and hoses; brakes and brake pads; chassis and local weather management elements; clutches and drive shafts; engines and engine elements; exhaust programs and elements; hub assemblies; ignition elements and wires; radiators and cooling elements; starters and alternators; and steering and alignment elements.

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