Cwm LLC Has $148,000 Stock Position in Advance Auto Parts, Inc. (NYSE:AAP)

Cwm LLC grew its stake in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 25.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,739 shares of the company’s stock after acquiring an additional 356 shares during the period. Cwm LLC’s holdings in Advance Auto Parts were worth $148,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Allworth Financial LP grew its stake in shares of Advance Auto Parts by 190.0% in the fourth quarter. Allworth Financial LP now owns 406 shares of the company’s stock valued at $25,000 after acquiring an additional 266 shares in the last quarter. Principal Securities Inc. bought a new position in shares of Advance Auto Parts during the fourth quarter worth approximately $27,000. Quarry LP raised its position in shares of Advance Auto Parts by 285.7% in the fourth quarter. Quarry LP now owns 702 shares of the company’s stock valued at $43,000 after buying an additional 520 shares in the last quarter. GAMMA Investing LLC acquired a new stake in Advance Auto Parts during the fourth quarter worth approximately $63,000. Finally, Quadrant Capital Group LLC increased 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 worth $165,000 after acquiring an additional 206 shares during the period. Institutional investors own 88.75% of the company’s stock.

Insider Buying and Selling at Advance Auto Parts

In other news, Director Brent Windom purchased 4,700 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were purchased at an average price of $85.34 per share, for a total transaction of $401,098.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at $853,400. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.35% of the company’s stock.

Advance Auto Parts Stock Down 0.6 %

Shares of NYSE AAP opened at $65.76 on Monday. The company has a 50 day simple moving average of $70.76 and a 200 day simple moving average of $69.25. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.22 and a quick ratio of 0.29. Advance Auto Parts, Inc. has a 1 year low of $47.73 and a 1 year high of $88.56. The firm has a market cap of $3.92 billion, a PE ratio of 95.31, a price-to-earnings-growth ratio of 1.27 and a beta of 1.20.

Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings results on Wednesday, May 29th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates 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%. Advance Auto Parts’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 EPS. On average, research analysts forecast that Advance Auto Parts, Inc. will post 3.72 EPS for the current year.

Advance Auto Parts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, July 12th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Friday, July 12th. Advance Auto Parts’s payout ratio is presently 144.93%.

Analyst Ratings Changes

A number of analysts have recently weighed in on AAP shares. Truist Financial cut their target price on Advance Auto Parts from $70.00 to $63.00 and set a “hold” rating for the company in a research report on Thursday, May 30th. Mizuho dropped their target price on shares of Advance Auto Parts from $78.00 to $64.00 and set a “neutral” rating for the company in a research report on Monday, June 10th. Barclays increased their price target on shares of Advance Auto Parts from $56.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 29th. Wedbush restated a “neutral” rating and set a $70.00 price objective on shares of Advance Auto Parts in a research report on Friday, May 24th. Finally, UBS Group raised their target price on Advance Auto Parts from $68.00 to $72.00 and gave the company a “neutral” rating in a report on Tuesday, May 28th. Two research analysts have rated the stock with a sell rating and sixteen have assigned a hold rating to the stock. According to MarketBeat, Advance Auto Parts presently has a consensus rating of “Hold” and an average price target of $64.00.

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.