Advance Auto Parts, Inc. (NYSE:AAP) Shares Sold by Oak Thistle LLC

Oak Thistle LLC decreased its stake in Advance Auto Parts, Inc. (NYSE:AAP) by 79.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,855 shares of the company’s stock after selling 18,802 shares during the period. Oak Thistle LLC’s holdings in Advance Auto Parts were worth $413,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of AAP. Federated Hermes Inc. boosted its holdings in Advance Auto Parts by 2,716,800.0% in the 4th quarter. Federated Hermes Inc. now owns 842,239 shares of the company’s stock worth $51,402,000 after acquiring an additional 842,208 shares during the period. UBS Group AG grew its holdings in Advance Auto Parts by 337.7% during the 4th quarter. UBS Group AG now owns 811,734 shares of the company’s stock valued at $49,540,000 after purchasing an additional 626,294 shares in the last quarter. Norges Bank purchased a new stake in Advance Auto Parts during the 4th quarter worth $37,522,000. Jacobs Levy Equity Management Inc. boosted its position in Advance Auto Parts by 94.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 931,125 shares of the company’s stock valued at $52,078,000 after buying an additional 452,488 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC grew its stake in shares of Advance Auto Parts by 224.5% during the third quarter. Schonfeld Strategic Advisors LLC now owns 177,846 shares of the company’s stock valued at $9,947,000 after acquiring an additional 123,033 shares in the last quarter. Institutional investors and hedge funds own 88.75% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Truist Financial cut their price target on Advance Auto Parts from $70.00 to $63.00 and set a “hold” rating on the stock in a research note on Thursday, May 30th. Royal Bank of Canada reduced their target price on Advance Auto Parts from $68.00 to $65.00 and set a “sector perform” rating for the company in a research note on Thursday, May 30th. Wedbush restated a “neutral” rating and issued a $70.00 price target on shares of Advance Auto Parts in a research note on Friday, May 24th. Mizuho cut their price target on shares of Advance Auto Parts from $78.00 to $64.00 and set a “neutral” rating on the stock in a report on Monday, June 10th. Finally, Bank of America boosted their target price on shares of Advance Auto Parts from $51.00 to $55.00 and gave the stock an “underperform” rating in a research report on Thursday, May 30th. Two research analysts have rated the stock with a sell rating and fifteen have issued a hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $64.00.

Advance Auto Parts Trading Down 5.7 %

Shares of NYSE AAP opened at $59.73 on Tuesday. Advance Auto Parts, Inc. has a 12-month low of $47.73 and a 12-month high of $88.56. The company has a current ratio of 1.22, a quick ratio of 0.29 and a debt-to-equity ratio of 0.70. The stock’s 50 day simple moving average is $69.32 and its 200 day simple moving average is $69.43. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 86.57, a price-to-earnings-growth ratio of 1.22 and a beta of 1.20.

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

Advance Auto Parts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 12th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, July 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.67%. Advance Auto Parts’s dividend payout ratio (DPR) is presently 144.93%.

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.