Advance Auto Parts, Inc. (NYSE:AAP) Shares Sold by Quadrature Capital Ltd

Quadrature Capital Ltd lessened its stake in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 11.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 66,909 shares of the company’s stock after selling 8,783 shares during the period. Quadrature Capital Ltd owned about 0.11% of Advance Auto Parts worth $4,083,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. CWA Asset Management Group LLC lifted its position in shares of Advance Auto Parts by 4.1% during the 3rd quarter. CWA Asset Management Group LLC now owns 4,911 shares of the company’s stock valued at $275,000 after acquiring an additional 195 shares during the last quarter. Quadrant Capital Group LLC raised its stake in Advance Auto Parts by 8.2% during the 4th quarter. Quadrant Capital Group LLC now owns 2,711 shares of the company’s stock valued at $165,000 after purchasing an additional 206 shares during the period. Diversified Trust Co raised its stake in Advance Auto Parts by 2.9% during the 4th quarter. Diversified Trust Co now owns 7,462 shares of the company’s stock valued at $455,000 after purchasing an additional 213 shares during the period. Treasurer of the State of North Carolina raised its stake in Advance Auto Parts by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 26,336 shares of the company’s stock valued at $1,607,000 after purchasing an additional 260 shares during the period. Finally, Allworth Financial LP raised its stake in Advance Auto Parts by 190.0% during the 4th quarter. Allworth Financial LP now owns 406 shares of the company’s stock valued at $25,000 after purchasing an additional 266 shares during the period. Institutional investors and hedge funds own 88.75% of the company’s stock.

Advance Auto Parts Trading Up 0.2 %

Advance Auto Parts stock opened at $64.28 on Wednesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.22 and a quick ratio of 0.29. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 93.16, a PEG ratio of 1.22 and a beta of 1.20. Advance Auto Parts, Inc. has a one year low of $47.73 and a one year high of $88.56. The company’s fifty day moving average price is $71.30 and its two-hundred day moving average price is $69.02.

Advance Auto Parts (NYSE:AAP) last posted its earnings results on Wednesday, May 29th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.02). The business had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.43 billion. Advance Auto Parts had a return on equity of 1.59% and a net margin of 0.37%. The company’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.72 earnings per share. On average, analysts forecast that Advance Auto Parts, Inc. will post 3.72 earnings per share for the current fiscal year.

Advance Auto Parts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 12th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Friday, July 12th. Advance Auto Parts’s payout ratio is 144.93%.

Insider Buying and Selling at Advance Auto Parts

In other Advance Auto Parts news, EVP Herman L. Word, Jr. sold 1,858 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $86.08, for a total transaction of $159,936.64. Following the completion of the sale, the executive vice president now directly owns 10,448 shares in the company, valued at $899,363.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Brent Windom purchased 4,700 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was bought at an average cost of $85.34 per share, for a total transaction of $401,098.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at $853,400. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Herman L. Word, Jr. sold 1,858 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $86.08, for a total transaction of $159,936.64. Following the sale, the executive vice president now owns 10,448 shares of the company’s stock, valued at $899,363.84. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.

Analyst Upgrades and Downgrades

AAP has been the topic of several recent analyst reports. UBS Group boosted their target price on shares of Advance Auto Parts from $68.00 to $72.00 and gave the company a “neutral” rating in a research note on Tuesday, May 28th. Royal Bank of Canada cut their target price on shares of Advance Auto Parts from $68.00 to $65.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 30th. StockNews.com raised shares of Advance Auto Parts from a “sell” rating to a “hold” rating in a research note on Thursday, May 30th. Wedbush reissued a “neutral” rating and set a $70.00 target price on shares of Advance Auto Parts in a research note on Friday, May 24th. Finally, Bank of America upped their price target on shares of Advance Auto Parts from $51.00 to $55.00 and gave the stock an “underperform” rating in a research note on Thursday, May 30th. Two investment analysts have rated the stock with a sell rating and sixteen have given a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $63.93.

Advance Auto Parts 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.