Jones Financial Companies Lllp Sells 515 Shares of Advance Auto Parts, Inc. (NYSE:AAP)

Jones Financial Companies Lllp lowered its stake in Advance Auto Parts, Inc. (NYSE:AAP) by 10.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,638 shares of the company’s stock after selling 515 shares during the quarter. Jones Financial Companies Lllp’s holdings in Advance Auto Parts were worth $219,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Connable Office Inc. purchased a new stake in shares of Advance Auto Parts during the fourth quarter worth about $210,000. US Bancorp DE boosted its holdings in Advance Auto Parts by 1,813.9% during the 4th quarter. US Bancorp DE now owns 25,340 shares of the company’s stock valued at $1,198,000 after acquiring an additional 24,016 shares during the period. Sims Investment Management LLC purchased a new position in Advance Auto Parts during the 4th quarter valued at $309,000. Allianz Asset Management GmbH boosted its holdings in Advance Auto Parts by 244.7% during the 4th quarter. Allianz Asset Management GmbH now owns 740,234 shares of the company’s stock valued at $35,006,000 after acquiring an additional 525,504 shares during the period. Finally, Mattern Capital Management LLC boosted its holdings in Advance Auto Parts by 45.2% during the 4th quarter. Mattern Capital Management LLC now owns 11,256 shares of the company’s stock valued at $532,000 after acquiring an additional 3,502 shares during the period. Hedge funds and other institutional investors own 88.75% of the company’s stock.

Advance Auto Parts Stock Performance

NYSE AAP opened at $38.04 on Friday. The company has a market cap of $2.27 billion, a PE ratio of 52.11, a price-to-earnings-growth ratio of 1.98 and a beta of 1.27. The stock’s 50 day simple moving average is $44.37 and its 200-day simple moving average is $42.33. Advance Auto Parts, Inc. has a 1-year low of $33.08 and a 1-year high of $88.56. 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.00 annualized dividend and a dividend yield of 2.63%. Advance Auto Parts’s dividend payout ratio (DPR) is presently -17.86%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AAP. Barclays lowered their target price on Advance Auto Parts from $66.00 to $54.00 and set an “equal weight” rating for the company in a report on Thursday, January 9th. The Goldman Sachs Group cut their price objective on Advance Auto Parts from $60.00 to $43.00 and set a “neutral” rating on the stock in a report on Friday, November 15th. Royal Bank of Canada lowered their target price on Advance Auto Parts from $50.00 to $44.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 27th. Citigroup lowered their target price on Advance Auto Parts from $47.00 to $40.00 and set a “neutral” rating on the stock in a research note on Thursday, February 27th. Finally, UBS Group increased their price target on Advance Auto Parts from $42.00 to $44.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $45.13.

Insider Activity at Advance Auto Parts

In other Advance Auto Parts news, Director Eugene I. Lee, Jr. bought 14,640 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was bought at an average price of $34.15 per share, with a total value of $499,956.00. Following the completion of the purchase, the director now directly owns 34,070 shares in the company, valued at $1,163,490.50. The trade was a 75.35 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Shane M. Okelly bought 1,500 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were acquired at an average cost of $36.79 per share, with a total value of $55,185.00. Following the purchase, the chief executive officer now owns 183,121 shares of the company’s stock, valued at $6,737,021.59. The trade was a 0.83 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 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.