GSA Capital Partners LLP Sells 9,886 Shares of Advance Auto Parts, Inc. (NYSE:AAP)

GSA Capital Partners LLP decreased its stake in Advance Auto Parts, Inc. (NYSE:AAP) by 60.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,531 shares of the company’s stock after selling 9,886 shares during the period. GSA Capital Partners LLP’s holdings in Advance Auto Parts were worth $255,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Mather Group LLC. lifted its stake in Advance Auto Parts by 1,241.7% in the second quarter. Mather Group LLC. now owns 644 shares of the company’s stock valued at $41,000 after purchasing an additional 596 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Advance Auto Parts in the second quarter valued at $41,000. Blue Trust Inc. lifted its position in shares of Advance Auto Parts by 56.7% during the 3rd quarter. Blue Trust Inc. now owns 1,205 shares of the company’s stock valued at $47,000 after buying an additional 436 shares during the last quarter. AM Squared Ltd bought a new position in shares of Advance Auto Parts during the 2nd quarter worth $63,000. Finally, City State Bank purchased a new stake in Advance Auto Parts in the 3rd quarter worth about $78,000. 88.75% of the stock is currently owned by hedge funds and other institutional investors.

Advance Auto Parts Stock Up 5.4 %

AAP stock opened at $40.79 on Friday. Advance Auto Parts, Inc. has a 1-year low of $35.59 and a 1-year high of $88.56. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 55.88 and a beta of 1.17. The company has a current ratio of 1.34, a quick ratio of 0.62 and a debt-to-equity ratio of 0.69. The company’s 50 day moving average is $39.02 and its 200 day moving average is $53.16.

Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings results on Thursday, November 14th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.53). Advance Auto Parts had a return on equity of 1.82% and a net margin of 0.41%. The company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the previous year, the company earned ($0.82) EPS. Advance Auto Parts’s quarterly revenue was down 3.2% on a year-over-year basis. Sell-side analysts predict that Advance Auto Parts, Inc. will post -0.51 EPS for the current fiscal year.

Advance Auto Parts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date is Friday, January 10th. Advance Auto Parts’s payout ratio is currently 136.99%.

Analyst Ratings Changes

Several research firms have commented on AAP. Wedbush reaffirmed an “outperform” rating and set a $55.00 price objective on shares of Advance Auto Parts in a report on Friday, November 15th. Truist Financial dropped their price target on shares of Advance Auto Parts from $41.00 to $39.00 and set a “hold” rating on the stock in a research note on Friday, November 15th. The Goldman Sachs Group reduced their price objective on shares of Advance Auto Parts from $60.00 to $43.00 and set a “neutral” rating for the company in a research note on Friday, November 15th. DA Davidson restated a “neutral” rating and set a $45.00 target price on shares of Advance Auto Parts in a research report on Friday, November 15th. Finally, TD Cowen reduced their price target on Advance Auto Parts from $65.00 to $55.00 and set a “hold” rating for the company in a research report on Friday, August 23rd. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $48.64.

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.