Blue Trust Inc. Has $79,000 Stock Holdings in Advance Auto Parts, Inc. (NYSE:AAP)

Blue Trust Inc. lifted its position in Advance Auto Parts, Inc. (NYSE:AAP) by 38.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,674 shares of the company’s stock after acquiring an additional 469 shares during the period. Blue Trust Inc.’s holdings in Advance Auto Parts were worth $79,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Yousif Capital Management LLC boosted its stake in Advance Auto Parts by 1.1% in the 4th quarter. Yousif Capital Management LLC now owns 26,258 shares of the company’s stock worth $1,242,000 after purchasing an additional 281 shares during the period. Ingalls & Snyder LLC raised its stake in shares of Advance Auto Parts by 5.0% during the 4th quarter. Ingalls & Snyder LLC now owns 6,680 shares of the company’s stock worth $316,000 after purchasing an additional 317 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Advance Auto Parts by 207.4% in the fourth quarter. Versant Capital Management Inc now owns 541 shares of the company’s stock valued at $26,000 after buying an additional 365 shares in the last quarter. KBC Group NV increased its holdings in Advance Auto Parts by 29.1% during the third quarter. KBC Group NV now owns 1,749 shares of the company’s stock worth $68,000 after buying an additional 394 shares during the last quarter. Finally, Stratos Wealth Partners LTD. increased its holdings in Advance Auto Parts by 6.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 9,223 shares of the company’s stock worth $436,000 after buying an additional 596 shares during the last quarter. 88.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on AAP shares. Wells Fargo & Company lifted their price objective on shares of Advance Auto Parts from $40.00 to $45.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. DA Davidson reissued a “neutral” rating and set a $45.00 price target on shares of Advance Auto Parts in a research report on Friday, November 15th. Truist Financial cut their price objective on Advance Auto Parts from $41.00 to $39.00 and set a “hold” rating for the company in a research report on Friday, November 15th. Barclays reduced their target price on Advance Auto Parts from $66.00 to $54.00 and set an “equal weight” rating for the company in a research note on Thursday, January 9th. Finally, BMO Capital Markets began coverage on Advance Auto Parts in a report on Friday, December 13th. They set a “market perform” rating and a $45.00 price target for the company. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Advance Auto Parts presently has an average rating of “Hold” and an average target price of $47.88.

Insider Activity

In other Advance Auto Parts news, EVP Tammy M. Finley sold 1,276 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $44.06, for a total transaction of $56,220.56. Following the transaction, the executive vice president now owns 24,266 shares in the company, valued at $1,069,159.96. This trade represents a 5.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.35% of the stock is owned by company insiders.

Advance Auto Parts Stock Performance

NYSE AAP opened at $43.46 on Monday. The firm has a 50-day moving average price of $46.21 and a two-hundred day moving average price of $44.20. Advance Auto Parts, Inc. has a 12-month low of $35.59 and a 12-month high of $88.56. The company has a market capitalization of $2.60 billion, a P/E ratio of 59.53, a P/E/G ratio of 2.02 and a beta of 1.15. The company has a quick ratio of 0.62, a current ratio of 1.34 and a debt-to-equity ratio of 0.69.

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.