Advance Auto Parts, Inc. (NYSE:AAP) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC cut its holdings in shares of Advance Auto Parts, Inc. (NYSE:AAP - Free Report) by 49.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,592 shares of the company's stock after selling 10,537 shares during the quarter. Janney Montgomery Scott LLC's holdings in Advance Auto Parts were worth $501,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its position in Advance Auto Parts by 207.4% during the fourth quarter. Versant Capital Management Inc now owns 541 shares of the company's stock worth $26,000 after buying an additional 365 shares during the period. Blue Trust Inc. raised its holdings in shares of Advance Auto Parts by 56.7% in the 3rd quarter. Blue Trust Inc. now owns 1,205 shares of the company's stock worth $47,000 after purchasing an additional 436 shares during the period. GAMMA Investing LLC raised its holdings in shares of Advance Auto Parts by 198.3% in the 4th quarter. GAMMA Investing LLC now owns 1,575 shares of the company's stock worth $74,000 after purchasing an additional 1,047 shares during the period. KBC Group NV raised its holdings in shares of Advance Auto Parts by 29.1% in the 3rd quarter. KBC Group NV now owns 1,749 shares of the company's stock worth $68,000 after purchasing an additional 394 shares during the period. Finally, City State Bank purchased a new position in shares of Advance Auto Parts in the 3rd quarter worth about $78,000. 88.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Advance Auto Parts

In other Advance Auto Parts news, EVP Tammy M. Finley sold 1,276 shares of Advance Auto Parts stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $44.06, for a total transaction of $56,220.56. Following the sale, the executive vice president now owns 24,266 shares of the company's stock, valued at $1,069,159.96. The trade was a 5.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.35% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Roth Mkm restated a "neutral" rating and issued a $40.00 price objective on shares of Advance Auto Parts in a report on Wednesday, October 16th. Truist Financial lowered their target price on Advance Auto Parts from $41.00 to $39.00 and set a "hold" rating for the company in a research note on Friday, November 15th. Evercore ISI increased their target price on Advance Auto Parts from $45.00 to $60.00 and gave the company a "hold" rating in a research note on Wednesday, November 20th. Royal Bank of Canada lowered their price objective on Advance Auto Parts from $52.00 to $46.00 and set a "sector perform" rating for the company in a research note on Monday, November 11th. Finally, DA Davidson restated a "neutral" rating and set a $45.00 price objective on shares of Advance Auto Parts in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $47.93.

Advance Auto Parts Stock Performance

Shares of NYSE AAP traded up $0.95 during mid-day trading on Thursday, hitting $48.44. The company had a trading volume of 2,214,183 shares, compared to its average volume of 1,659,817. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 66.35, a PEG ratio of 2.23 and a beta of 1.15. Advance Auto Parts, Inc. has a 12 month low of $35.59 and a 12 month 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. The firm's 50 day simple moving average is $46.12 and its two-hundred day simple moving average is $45.05.

Advance Auto Parts (NYSE:AAP - Get Free Report) last announced its quarterly earnings results on Thursday, November 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.53). The company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.62 billion. Advance Auto Parts had a return on equity of 1.82% and a net margin of 0.41%. The company's revenue for the quarter was down 3.2% on a year-over-year basis. During the same period last year, the business posted ($0.82) EPS. As a group, equities research analysts forecast that Advance Auto Parts, Inc. will post -0.46 earnings per share for the current year.

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.