AlphaQuest LLC Has $27,000 Stock Position in Advance Auto Parts, Inc. (NYSE:AAP)

AlphaQuest LLC lowered its stake in Advance Auto Parts, Inc. (NYSE:AAP) by 96.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 571 shares of the company’s stock after selling 14,268 shares during the period. AlphaQuest LLC’s holdings in Advance Auto Parts were worth $27,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Blue Trust Inc. boosted its holdings in Advance Auto Parts by 75.9% in the 4th quarter. Blue Trust Inc. now owns 2,119 shares of the company’s stock valued at $100,000 after purchasing an additional 914 shares during the period. Quest Partners LLC bought a new stake in Advance Auto Parts in the 3rd quarter valued at about $579,000. Moody National Bank Trust Division bought a new stake in Advance Auto Parts in the 4th quarter valued at about $1,196,000. Maple Rock Capital Partners Inc. bought a new stake in Advance Auto Parts in the 3rd quarter valued at about $9,046,000. Finally, FORA Capital LLC bought a new stake in Advance Auto Parts in the 3rd quarter valued at about $2,144,000. Institutional investors and hedge funds own 88.75% of the company’s stock.

Advance Auto Parts Price Performance

Shares of NYSE:AAP opened at $37.43 on Friday. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 51.27, a PEG ratio of 1.98 and a beta of 1.27. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.34 and a quick ratio of 0.62. The firm has a 50 day simple moving average of $43.12 and a 200 day simple moving average of $41.92. Advance Auto Parts, Inc. has a one year low of $33.08 and a one year high of $87.36.

Advance Auto Parts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Friday, April 11th. Advance Auto Parts’s payout ratio is -17.86%.

Insider Activity at Advance Auto Parts

In other Advance Auto Parts news, CEO Shane M. Okelly purchased 1,500 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was purchased at an average cost of $36.79 per share, for a total transaction of $55,185.00. Following the transaction, the chief executive officer now owns 183,121 shares in the company, valued at $6,737,021.59. The trade was a 0.83 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Eugene I. Lee, Jr. purchased 14,640 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was acquired at an average price of $34.15 per share, with a total value of $499,956.00. Following the completion of the transaction, the director now owns 34,070 shares in the company, valued at approximately $1,163,490.50. This trade represents a 75.35 % increase in their position. The disclosure for this purchase can be found here. 0.35% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on AAP shares. Evercore ISI cut their price objective on shares of Advance Auto Parts from $37.00 to $35.00 and set an “in-line” rating for the company in a report on Tuesday, March 11th. Citigroup cut their price objective on shares of Advance Auto Parts from $47.00 to $40.00 and set a “neutral” rating for the company in a report on Thursday, February 27th. Wells Fargo & Company upped their price target on shares of Advance Auto Parts from $40.00 to $45.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Barclays cut their price target on shares of 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. Finally, BMO Capital Markets cut their price target on shares of Advance Auto Parts from $45.00 to $40.00 and set a “market perform” rating for the company in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $45.13.

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.