Adams Diversified Equity Fund Inc. Has $10.79 Million Stock Position in Advance Auto Parts, Inc. (NYSE:AAP) – Mayfield Recorder
Adams Diversified Equity Fund Inc. cut its stake in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 14.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. Finally, Credit Suisse Group lowered their target price on shares of Advance Auto Parts from $195.00 to $162.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. The stock has a market capitalization of $9.73 billion, a price-to-earnings ratio of 19.28, a price-to-earnings-growth ratio of 1.48 and a beta of 0.87. During the same period last year, the business earned $1.97 earnings per share. As a group, analysts anticipate that Advance Auto Parts, Inc. will post 7.98 EPS for the current fiscal year.