Advance Auto Parts, Inc. (NYSE:AAP - Get Free Report) was down 4.8% on Tuesday . The stock traded as low as $46.28 and last traded at $45.58. Approximately 116,476 shares traded hands during trading, a decline of 93% from the average daily volume of 1,592,865 shares. The stock had previously closed at $47.87.
Analyst Ratings Changes
Several equities analysts recently weighed in on AAP shares. The Goldman Sachs Group reduced their target price on Advance Auto Parts from $60.00 to $43.00 and set a "neutral" rating on the stock in a research report on Friday, November 15th. DA Davidson reiterated a "neutral" rating and set a $45.00 target price on shares of Advance Auto Parts in a research report on Friday, November 15th. Barclays reduced their target price on Advance Auto Parts from $66.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 9th. Wells Fargo & Company increased their target price on Advance Auto Parts from $40.00 to $45.00 and gave the stock an "equal weight" rating in a research report on Monday, January 6th. Finally, Truist Financial reduced their target price on Advance Auto Parts from $41.00 to $39.00 and set a "hold" rating on the stock in a research report on Friday, November 15th. One equities 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 company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $47.88.
View Our Latest Stock Analysis on AAP
Advance Auto Parts Trading Down 2.0 %
The firm has a market capitalization of $2.60 billion, a PE ratio of 59.53, a P/E/G ratio of 2.02 and a beta of 1.15. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.62 and a current ratio of 1.34. The firm has a fifty day moving average of $46.21 and a 200 day moving average of $44.40.
Insider Activity at Advance Auto Parts
In related news, EVP Tammy M. Finley sold 1,276 shares of the firm's stock in a transaction dated 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 directly owns 24,266 shares in the company, valued at approximately $1,069,159.96. This trade represents a 5.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.35% of the company's stock.
Institutional Investors Weigh In On Advance Auto Parts
A number of hedge funds have recently bought and sold shares of the business. CIBC Asset Management Inc grew its stake in Advance Auto Parts by 3.9% during the 4th quarter. CIBC Asset Management Inc now owns 5,865 shares of the company's stock valued at $277,000 after purchasing an additional 221 shares in the last quarter. Yousif Capital Management LLC grew its stake in Advance Auto Parts by 1.1% during the 4th quarter. Yousif Capital Management LLC now owns 26,258 shares of the company's stock valued at $1,242,000 after purchasing an additional 281 shares in the last quarter. Ingalls & Snyder LLC grew its stake in Advance Auto Parts by 5.0% during the 4th quarter. Ingalls & Snyder LLC now owns 6,680 shares of the company's stock valued at $316,000 after purchasing an additional 317 shares in the last quarter. Studio Investment Management LLC grew its stake in Advance Auto Parts by 6.7% during the 4th quarter. Studio Investment Management LLC now owns 5,557 shares of the company's stock valued at $263,000 after purchasing an additional 350 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in Advance Auto Parts by 207.4% during the 4th quarter. Versant Capital Management Inc now owns 541 shares of the company's stock valued at $26,000 after purchasing an additional 365 shares in the last quarter. Institutional investors and hedge funds own 88.75% of the company's stock.
About Advance Auto Parts
(
Get Free Report)
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.
Further Reading
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