New York State Teachers Retirement System Lowers Stock Holdings in Advance Auto Parts, Inc. (NYSE:AAP)

New York State Teachers Retirement System trimmed its position in Advance Auto Parts, Inc. (NYSE:AAP) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,321 shares of the company’s stock after selling 400 shares during the quarter. New York State Teachers Retirement System owned approximately 0.11% of Advance Auto Parts worth $3,136,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ingalls & Snyder LLC lifted its position in Advance Auto Parts by 5.0% during the fourth quarter. Ingalls & Snyder LLC now owns 6,680 shares of the company’s stock valued at $316,000 after purchasing an additional 317 shares during the last quarter. Sovran Advisors LLC bought a new stake in Advance Auto Parts during the fourth quarter valued at approximately $335,000. Summit Trail Advisors LLC bought a new stake in Advance Auto Parts during the fourth quarter valued at approximately $305,000. Stephens Inc. AR lifted its position in Advance Auto Parts by 30.2% during the fourth quarter. Stephens Inc. AR now owns 36,069 shares of the company’s stock valued at $1,706,000 after purchasing an additional 8,365 shares during the last quarter. Finally, Entropy Technologies LP bought a new stake in Advance Auto Parts during the fourth quarter valued at approximately $244,000. 88.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Wells Fargo & Company lifted 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 report on Monday, January 6th. BMO Capital Markets began coverage on shares of Advance Auto Parts in a report on Friday, December 13th. They issued a “market perform” rating and a $45.00 price objective for the company. Wedbush reaffirmed an “outperform” rating and issued a $55.00 target price on shares of Advance Auto Parts in a research note on Friday, November 15th. Truist Financial decreased their target price 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. Finally, The Goldman Sachs Group decreased their target price on shares of Advance Auto Parts from $60.00 to $43.00 and set a “neutral” rating on the stock in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $47.88.

Advance Auto Parts Stock Down 2.0 %

NYSE:AAP opened at $43.46 on Friday. The firm’s 50-day moving average price is $46.21 and its 200-day moving average price is $44.40. The company has a market capitalization of $2.60 billion, a PE ratio of 59.53, a P/E/G ratio of 2.02 and a beta of 1.15. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.34 and a quick ratio of 0.62. Advance Auto Parts, Inc. has a 1-year low of $35.59 and a 1-year high of $88.56.

Insider Transactions at Advance Auto Parts

In other news, EVP Tammy M. Finley sold 1,276 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $44.06, for a total value of $56,220.56. Following the sale, the executive vice president now directly owns 24,266 shares of the company’s stock, valued at $1,069,159.96. This represents a 5.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.35% of the company’s stock.

About Advance Auto Parts

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.