WINTON GROUP Ltd Invests $541,000 in Advance Auto Parts, Inc. (NYSE:AAP)

WINTON GROUP Ltd acquired a new position in shares of Advance Auto Parts, Inc. (NYSE:AAP - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 11,444 shares of the company's stock, valued at approximately $541,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Pzena Investment Management LLC boosted its stake in shares of Advance Auto Parts by 12.5% during the 4th quarter. Pzena Investment Management LLC now owns 3,270,897 shares of the company's stock worth $154,681,000 after acquiring an additional 362,239 shares in the last quarter. Royce & Associates LP raised its holdings in Advance Auto Parts by 30.4% during the fourth quarter. Royce & Associates LP now owns 1,403,004 shares of the company's stock worth $66,348,000 after purchasing an additional 327,417 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in Advance Auto Parts by 2,662.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,293,205 shares of the company's stock worth $61,156,000 after purchasing an additional 1,246,384 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in Advance Auto Parts by 244.7% in the fourth quarter. Allianz Asset Management GmbH now owns 740,234 shares of the company's stock valued at $35,006,000 after purchasing an additional 525,504 shares during the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new position in shares of Advance Auto Parts in the fourth quarter valued at $34,586,000. 88.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Advance Auto Parts

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

Advance Auto Parts Trading Down 4.8 %

Shares of NYSE AAP traded down $1.76 on Friday, reaching $34.86. 3,182,150 shares of the company traded hands, compared to its average volume of 2,176,552. The company has a 50 day moving average of $41.57 and a 200 day moving average of $41.77. The company has a current ratio of 1.34, a quick ratio of 0.62 and a debt-to-equity ratio of 0.69. Advance Auto Parts, Inc. has a fifty-two week low of $33.08 and a fifty-two week high of $79.96. The stock has a market capitalization of $2.08 billion, a PE ratio of 47.76, a P/E/G ratio of 1.98 and a beta of 1.27.

Advance Auto Parts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Friday, April 11th. Advance Auto Parts's dividend payout ratio is currently -17.86%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AAP shares. Royal Bank of Canada decreased their price objective on shares of Advance Auto Parts from $50.00 to $44.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 27th. Truist Financial reduced their price target on shares of Advance Auto Parts from $39.00 to $34.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Citigroup dropped 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 research note on Thursday, February 27th. Wells Fargo & Company upped their target price on 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. Finally, BMO Capital Markets lowered their target price on Advance Auto Parts from $45.00 to $40.00 and set a "market perform" rating on the stock in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Advance Auto Parts presently has a consensus rating of "Hold" and an average price target 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.