11,444 Shares in Advance Auto Parts, Inc. (NYSE:AAP) Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd acquired a new stake in shares of Advance Auto Parts, Inc. (NYSE:AAP - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 11,444 shares of the company's stock, valued at approximately $541,000.

A number of other institutional investors have also recently made changes to their positions in the company. Pzena Investment Management LLC lifted its position in Advance Auto Parts by 12.5% during the fourth quarter. Pzena Investment Management LLC now owns 3,270,897 shares of the company's stock valued at $154,681,000 after purchasing an additional 362,239 shares during the last quarter. Royce & Associates LP lifted its holdings in shares of Advance Auto Parts by 30.4% in the 4th quarter. Royce & Associates LP now owns 1,403,004 shares of the company's stock valued at $66,348,000 after acquiring an additional 327,417 shares during the last quarter. Thrivent Financial for Lutherans increased its stake 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 acquiring an additional 1,246,384 shares during the last quarter. Allianz Asset Management GmbH raised its position in Advance Auto Parts by 244.7% during 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 period. Finally, Segall Bryant & Hamill LLC bought a new stake in shares of Advance Auto Parts in the 4th quarter valued at approximately $34,586,000. Hedge funds and other institutional investors own 88.75% of the company's stock.

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Advance Auto Parts Stock Down 5.1 %

NYSE AAP traded down $2.01 during trading on Thursday, reaching $37.31. 2,090,343 shares of the company's stock traded hands, compared to its average volume of 2,163,847. The company's 50 day simple moving average is $42.05 and its two-hundred day simple moving average is $41.85. Advance Auto Parts, Inc. has a 12-month low of $33.08 and a 12-month high of $85.30. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 51.11, a price-to-earnings-growth 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.

Advance Auto Parts Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date is Friday, April 11th. Advance Auto Parts's dividend payout ratio (DPR) is -17.86%.

Insiders Place Their Bets

In other news, CEO Shane M. Okelly purchased 1,500 shares of the stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average cost of $36.79 per share, for a total transaction of $55,185.00. Following 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eugene I. Lee, Jr. acquired 14,640 shares of Advance Auto Parts stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average price of $34.15 per share, with a total value of $499,956.00. Following the purchase, the director now owns 34,070 shares in the company, valued at $1,163,490.50. This 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.

Analysts Set New Price Targets

Several research firms have recently weighed in on AAP. BMO Capital Markets cut their target price on Advance Auto Parts from $45.00 to $40.00 and set a "market perform" rating on the stock in a research report on Thursday, February 27th. Wells Fargo & Company boosted their price objective 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. Truist Financial lowered their target price on shares of Advance Auto Parts from $39.00 to $34.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Barclays cut their price target on shares of Advance Auto Parts from $66.00 to $54.00 and set an "equal weight" rating on the stock in a report on Thursday, January 9th. Finally, Wedbush reissued an "outperform" rating and issued a $55.00 price objective on shares of Advance Auto Parts in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, Advance Auto Parts currently has an average rating of "Hold" and a consensus price target of $45.13.

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.