Investment House LLC Trims Position in Advance Auto Parts, Inc. (NYSE:AAP)

Investment House LLC cut its stake in Advance Auto Parts, Inc. (NYSE:AAP - Free Report) by 43.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,780 shares of the company's stock after selling 27,938 shares during the period. Investment House LLC owned 0.06% of Advance Auto Parts worth $1,692,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. State of New Jersey Common Pension Fund D raised its holdings in Advance Auto Parts by 35.7% in the third quarter. State of New Jersey Common Pension Fund D now owns 40,390 shares of the company's stock worth $1,575,000 after purchasing an additional 10,623 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Advance Auto Parts by 24.9% in the 3rd quarter. Victory Capital Management Inc. now owns 56,016 shares of the company's stock worth $2,184,000 after buying an additional 11,183 shares during the period. Oppenheimer Asset Management Inc. bought a new position in shares of Advance Auto Parts in the 3rd quarter worth about $324,000. KBC Group NV lifted its position in Advance Auto Parts by 29.1% during the 3rd quarter. KBC Group NV now owns 1,749 shares of the company's stock valued at $68,000 after acquiring an additional 394 shares during the period. Finally, AMG National Trust Bank boosted its stake in Advance Auto Parts by 20.6% during the third quarter. AMG National Trust Bank now owns 30,526 shares of the company's stock worth $1,190,000 after acquiring an additional 5,219 shares in the last quarter. 88.75% of the stock is owned by institutional investors.

Advance Auto Parts Stock Performance

AAP stock traded down $0.22 on Friday, hitting $37.43. The company had a trading volume of 1,934,360 shares, compared to its average volume of 2,110,785. 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 12-month low of $33.08 and a 12-month high of $87.36. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 51.27, a P/E/G ratio of 1.98 and a beta of 1.27. The stock's 50-day simple moving average is $43.12 and its 200 day simple moving average is $41.90.

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Advance Auto Parts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be paid a $0.25 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.67%. Advance Auto Parts's dividend payout ratio (DPR) is currently -17.86%.

Analyst Upgrades and Downgrades

AAP has been the subject of a number of analyst reports. Royal Bank of Canada decreased their target price on shares of Advance Auto Parts from $50.00 to $44.00 and set a "sector perform" rating for the company in a research note on Thursday, February 27th. Wedbush reaffirmed an "outperform" rating and set a $55.00 price objective on shares of Advance Auto Parts in a research report on Monday, March 3rd. Evercore ISI dropped their target price on Advance Auto Parts from $37.00 to $35.00 and set an "in-line" rating on the stock in a report on Tuesday, March 11th. Barclays reduced their price target 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. Finally, Citigroup dropped their price target on shares of 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. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $45.13.

Insider Buying and Selling

In other Advance Auto Parts news, Director Eugene I. Lee, Jr. acquired 14,640 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was purchased at an average price of $34.15 per share, with a total value of $499,956.00. Following the transaction, the director now directly owns 34,070 shares in the company, valued at approximately $1,163,490.50. The trade was a 75.35 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Shane M. Okelly bought 1,500 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was bought at an average cost 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 in the company, valued at $6,737,021.59. This trade represents a 0.83 % increase in their position. The disclosure for this purchase can be found here. 0.35% of the stock is currently owned by corporate insiders.

Advance Auto Parts 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.