$0.23 EPS Expected for Flex Ltd. (FLEX); Glg Partners LP Increased Advance Auto Parts (AAP) Stake

January 5, 2018 - By Stephen Andrade

Analysts expect Flex Ltd. (NASDAQ:FLEX) to report $0.23 EPS on January, 25.They anticipate $0.07 EPS change or 23.33% from last quarter’s $0.3 EPS. FLEX’s profit would be $121.54M giving it 20.13 P/E if the $0.23 EPS is correct. After having $0.38 EPS previously, Flex Ltd.’s analysts see -39.47% EPS growth. The stock increased 0.60% or $0.11 during the last trading session, reaching $18.52. About 7.93 million shares traded or 152.43% up from the average. Flex Ltd. (NASDAQ:FLEX) has risen 35.11% since January 5, 2017 and is uptrending. It has outperformed by 18.41% the S&P500.

Glg Partners Lp increased Advance Auto Parts Inc (AAP) stake by 109.63% reported in 2017Q3 SEC filing. Glg Partners Lp acquired 20,840 shares as Advance Auto Parts Inc (AAP)’s stock declined 6.26%. The Glg Partners Lp holds 39,850 shares with $3.95M value, up from 19,010 last quarter. Advance Auto Parts Inc now has $8.20 billion valuation. The stock increased 3.69% or $3.95 during the last trading session, reaching $111. About 2.10M shares traded or 11.79% up from the average. Advance Auto Parts, Inc. (NYSE:AAP) has risen 5.52% since January 5, 2017 and is uptrending. It has underperformed by 11.18% the S&P500.

Glg Partners Lp decreased Bwx Technologies Inc stake by 183,550 shares to 12,113 valued at $679,000 in 2017Q3. It also reduced Amazon Com Inc (NASDAQ:AMZN) stake by 4,022 shares and now owns 26,635 shares. Grupo Financiero Santander M (NYSE:BSMX) was reduced too.

Investors sentiment decreased to 1 in 2017 Q3. Its down 0.07, from 1.07 in 2017Q2. It turned negative, as 72 investors sold AAP shares while 112 reduced holdings. 59 funds opened positions while 125 raised stakes. 74.92 million shares or 1.99% less from 76.44 million shares in 2017Q2 were reported. First Mercantile Trust Co has invested 0.42% in Advance Auto Parts, Inc. (NYSE:AAP). Raymond James Assoc holds 0.02% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP) for 101,806 shares. Webster Retail Bank N A reported 0.02% stake. Gamco Investors Et Al invested in 0% or 5,000 shares. Gabelli Funds Limited Liability holds 25,800 shares or 0.01% of its portfolio. Federated Investors Pa has 0% invested in Advance Auto Parts, Inc. (NYSE:AAP). Hsbc Hldg Public Ltd holds 61,168 shares. Willis Invest Counsel has 41,220 shares for 0.29% of their portfolio. Kbc Grp Nv has invested 0.01% in Advance Auto Parts, Inc. (NYSE:AAP). Jlb And Assocs Incorporated has 7,971 shares. Retirement System Of Alabama holds 0.02% or 35,835 shares. The Ohio-based Employees Retirement System Of Ohio has invested 0.02% in Advance Auto Parts, Inc. (NYSE:AAP). Mutual Of America Cap Management Llc holds 0.01% or 7,902 shares in its portfolio. Paloma Prtnrs Mgmt accumulated 25,446 shares. Gofen Glossberg Ltd Liability Corp Il invested in 4,170 shares.

Among 27 analysts covering Advance Auto Parts Inc. (NYSE:AAP), 13 have Buy rating, 3 Sell and 11 Hold. Therefore 48% are positive. Advance Auto Parts Inc. had 88 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was maintained by Barclays Capital with “Underweight” on Wednesday, August 16. Jefferies maintained it with “Hold” rating and $15000 target in Monday, June 26 report. The firm earned “Buy” rating on Monday, September 11 by Jefferies. The company was maintained on Friday, May 20 by RBC Capital Markets. RBC Capital Markets maintained the stock with “Buy” rating in Sunday, October 22 report. The firm earned “Outperform” rating on Thursday, May 25 by RBC Capital Markets. Goldman Sachs upgraded it to “Buy” rating and $181 target in Friday, May 6 report. Bank of America maintained the stock with “Underperform” rating in Wednesday, August 16 report. On Tuesday, May 2 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm has “Positive” rating given on Tuesday, November 15 by Susquehanna.

Among 15 analysts covering Flextronics International Ltd. (NASDAQ:FLEX), 11 have Buy rating, 1 Sell and 3 Hold. Therefore 73% are positive. Flextronics International Ltd. had 45 analyst reports since July 28, 2015 according to SRatingsIntel. The stock has “Buy” rating by Goldman Sachs on Wednesday, October 5. The rating was maintained by Needham on Friday, January 27 with “Buy”. The rating was maintained by Citigroup with “Buy” on Friday, April 29. The rating was maintained by Argus Research with “Buy” on Wednesday, November 1. The stock has “Sell” rating by Zacks on Tuesday, August 11. RBC Capital Markets maintained the shares of FLEX in report on Monday, January 18 with “Outperform” rating. The rating was maintained by Needham on Friday, October 27 with “Buy”. The stock of Flex Ltd. (NASDAQ:FLEX) earned “Sell” rating by Zacks on Wednesday, September 2. The firm has “Buy” rating given on Friday, June 16 by RBC Capital Markets. Stifel Nicolaus maintained the stock with “Buy” rating in Sunday, September 10 report.

Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers worldwide. The company has market cap of $9.79 billion. It offers innovation services, such as innovations labs for supporting customer design and product development services from early concept stages; collective innovation platform, an ecosystem of technology solutions; Lab IX, a startup accelerator program; centers of excellence solutions in critical areas; interconnect technology center for printed circuits; and CloudLabs that enables clients to accelerate a spectrum of cloud, converged infrastructure, and datacenter strategies. It has a 18.34 P/E ratio. The firm also provides design and engineering services, including contract design and joint development manufacturing services, which cover various technical competencies, such as system architecture, user interface and industrial design, mechanical engineering, technology, enclosure systems, thermal and tooling design, electronic system design, reliability and failure analysis, and component level development engineering; and systems assembly and manufacturing services.

Investors sentiment decreased to 0.92 in Q3 2017. Its down 0.27, from 1.19 in 2017Q2. It dropped, as 33 investors sold Flex Ltd. shares while 106 reduced holdings. 38 funds opened positions while 90 raised stakes. 497.19 million shares or 0.70% less from 500.69 million shares in 2017Q2 were reported. Tocqueville Asset Ltd Partnership accumulated 1.12M shares. 2.04M were reported by Towle & Company. Whittier Communication Of Nevada holds 0% of its portfolio in Flex Ltd. (NASDAQ:FLEX) for 1,741 shares. Macquarie Limited has 0.02% invested in Flex Ltd. (NASDAQ:FLEX) for 543,778 shares. Clarivest Asset Management Ltd Com holds 22,100 shares or 0.01% of its portfolio. 63,885 were reported by Pnc Financial Gru. Gratry & Company Lc accumulated 17,620 shares. Westpac Banking Corp has invested 0.01% of its portfolio in Flex Ltd. (NASDAQ:FLEX). 32,366 are owned by Dynamic Mgmt Limited. First Republic Management reported 378,671 shares. Ls Investment Llc holds 11,931 shares. Alliancebernstein L P has invested 0.04% in Flex Ltd. (NASDAQ:FLEX). Weiss Multi has invested 0.09% of its portfolio in Flex Ltd. (NASDAQ:FLEX). Nwq Investment Mgmt Limited Liability Com reported 0.27% stake. The New York-based Steinberg Asset Mgmt Limited Liability has invested 4.39% in Flex Ltd. (NASDAQ:FLEX).

Since August 3, 2017, it had 0 buys, and 2 selling transactions for $444,327 activity. SHIH WILLY C sold $400,870 worth of stock or 25,000 shares. 2,728 shares were sold by Tan Lay Koon, worth $43,457 on Tuesday, August 15.

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