Advance Auto Parts, Inc. (NYSE:AAP) Shares Bought by Ajo LP

AJO LP lifted its position in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 2.5% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,687 shares of the company’s stock after buying an additional 448 shares during the quarter. AJO LP’s holdings in Advance Auto Parts were worth $3,187,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Nelson Roberts Investment Advisors LLC purchased a new stake in Advance Auto Parts in the 1st quarter worth $40,000. Pinnacle Financial Partners Inc. purchased a new stake in Advance Auto Parts in the 1st quarter worth $43,000. Whittier Trust Co. of Nevada Inc. lifted its stake in Advance Auto Parts by 38.2% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 329 shares of the company’s stock worth $52,000 after purchasing an additional 91 shares in the last quarter. Zions Bancorporation N.A. lifted its stake in Advance Auto Parts by 258.9% in the 1st quarter. Zions Bancorporation N.A. now owns 402 shares of the company’s stock worth $69,000 after purchasing an additional 290 shares in the last quarter. Finally, Enlightenment Research LLC purchased a new stake in Advance Auto Parts in the 4th quarter worth $79,000. Institutional investors own 98.87% of the company’s stock.

Several brokerages have commented on AAP. Zacks Investment Research cut shares of Advance Auto Parts from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. Citigroup cut their price target on shares of Advance Auto Parts from $188.00 to $182.00 and set a “neutral” rating on the stock in a report on Monday, April 1st. Wells Fargo & Co restated a “hold” rating and issued a $175.00 target price on shares of Advance Auto Parts in a research note on Wednesday, May 22nd. Evercore ISI began coverage on shares of Advance Auto Parts in a research note on Wednesday, March 20th. They issued an “outperform” rating and a $185.00 target price on the stock. Finally, William Blair restated an “outperform” rating on shares of Advance Auto Parts in a research note on Wednesday, May 22nd. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $190.71.

Shares of AAP traded down $0.57 during mid-day trading on Monday, hitting $153.57. The company’s stock had a trading volume of 1,151,500 shares, compared to its average volume of 1,189,034. Advance Auto Parts, Inc. has a 52-week low of $133.42 and a 52-week high of $186.15. The company has a 50-day moving average price of $155.41. The company has a quick ratio of 0.31, a current ratio of 1.35 and a debt-to-equity ratio of 0.79. The company has a market cap of $11.20 billion, a price-to-earnings ratio of 21.96, a price-to-earnings-growth ratio of 1.62 and a beta of 0.90.

Advance Auto Parts (NYSE:AAP) last posted its earnings results on Wednesday, May 22nd. The company reported $2.46 EPS for the quarter, beating the Zacks’ consensus estimate of $2.36 by $0.10. The company had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Advance Auto Parts had a net margin of 4.45% and a return on equity of 15.23%. Advance Auto Parts’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.10 earnings per share. Research analysts expect that Advance Auto Parts, Inc. will post 8.22 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 21st will be paid a $0.06 dividend. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.16%. Advance Auto Parts’s payout ratio is currently 3.37%.

Advance Auto Parts Company 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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