Advance Auto Parts, Inc. (NYSE:AAP) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. boosted its holdings in Advance Auto Parts, Inc. (NYSE:AAP) by 75.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,119 shares of the company’s stock after buying an additional 914 shares during the period. Blue Trust Inc.’s holdings in Advance Auto Parts were worth $100,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Everence Capital Management Inc. increased its holdings in shares of Advance Auto Parts by 3.7% during the 3rd quarter. Everence Capital Management Inc. now owns 8,330 shares of the company’s stock worth $325,000 after buying an additional 300 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Advance Auto Parts by 207.4% during the 4th quarter. Versant Capital Management Inc now owns 541 shares of the company’s stock worth $26,000 after purchasing an additional 365 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Advance Auto Parts by 2.9% in the second quarter. The Manufacturers Life Insurance Company now owns 13,127 shares of the company’s stock worth $831,000 after acquiring an additional 369 shares in the last quarter. KBC Group NV raised its position in Advance Auto Parts by 29.1% in the third quarter. KBC Group NV now owns 1,749 shares of the company’s stock valued at $68,000 after purchasing an additional 394 shares during the period. Finally, CWM LLC raised its holdings in shares of Advance Auto Parts by 36.8% during the 3rd quarter. CWM LLC now owns 2,333 shares of the company’s stock valued at $91,000 after buying an additional 627 shares during the period. Hedge funds and other institutional investors own 88.75% of the company’s stock.

Insider Buying and Selling

In other Advance Auto Parts news, EVP Tammy M. Finley sold 1,276 shares of the firm’s stock in a transaction dated 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 directly owns 24,266 shares in the company, valued at $1,069,159.96. This trade represents a 5.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.35% of the stock is currently owned by corporate insiders.

Advance Auto Parts Trading Down 0.2 %

Shares of NYSE:AAP opened at $48.89 on Friday. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 66.97, a PEG ratio of 2.22 and a beta of 1.15. Advance Auto Parts, Inc. has a 1-year low of $35.59 and a 1-year high of $88.56. The company has a 50 day moving average price of $45.82 and a 200 day moving average price of $45.53. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.62 and a current ratio of 1.34.

Advance Auto Parts (NYSE:AAP) last announced its earnings results on Thursday, November 14th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.49 by ($0.53). Advance Auto Parts had a net margin of 0.41% and a return on equity of 1.82%. The company had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same period in the prior year, the company earned ($0.82) earnings per share. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. On average, research analysts anticipate that Advance Auto Parts, Inc. will post -0.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AAP. Wells Fargo & Company upped their target price on shares of Advance Auto Parts from $40.00 to $45.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Roth Mkm restated a “neutral” rating and set a $40.00 target price on shares of Advance Auto Parts in a research note on Wednesday, October 16th. Truist Financial cut their price target on 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. BMO Capital Markets began coverage on Advance Auto Parts in a research note on Friday, December 13th. They set a “market perform” rating and a $45.00 price objective for the company. Finally, Evercore ISI upped their target price on Advance Auto Parts from $45.00 to $60.00 and gave the company a “hold” rating in a research report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Advance Auto Parts presently has an average rating of “Hold” and a consensus target price of $47.93.

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.