Advance Auto Parts, Inc. (NYSE:AAP) Shares Sold by American Century Companies Inc.

American Century Companies Inc. lowered its stake in Advance Auto Parts, Inc. (NYSE:AAP - Free Report) by 11.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 804,838 shares of the company's stock after selling 108,788 shares during the period. American Century Companies Inc. owned approximately 1.35% of Advance Auto Parts worth $38,061,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its stake in shares of Advance Auto Parts by 207.4% in 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 during the last quarter. Allworth Financial LP boosted its stake in Advance Auto Parts by 1,543.4% during the fourth quarter. Allworth Financial LP now owns 871 shares of the company's stock worth $40,000 after buying an additional 818 shares during the period. Vision Financial Markets LLC bought a new position in Advance Auto Parts during the fourth quarter valued at $42,000. GAMMA Investing LLC raised its stake in shares of Advance Auto Parts by 198.3% in the fourth quarter. GAMMA Investing LLC now owns 1,575 shares of the company's stock valued at $74,000 after acquiring an additional 1,047 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of Advance Auto Parts by 38.9% in the 4th quarter. Blue Trust Inc. now owns 1,674 shares of the company's stock worth $79,000 after acquiring an additional 469 shares during the last quarter. 88.75% of the stock is owned by institutional investors.

Advance Auto Parts Stock Down 1.0 %

NYSE:AAP traded down $0.40 during trading hours on Tuesday, reaching $38.81. The company's stock had a trading volume of 2,000,151 shares, compared to its average volume of 2,160,694. The stock has a 50 day moving average price of $42.20 and a two-hundred day moving average price of $41.86. 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 company has a market capitalization of $2.32 billion, a P/E ratio of 53.16, a price-to-earnings-growth ratio of 1.98 and a beta of 1.27. Advance Auto Parts, Inc. has a 12 month low of $33.08 and a 12 month high of $85.58.

Advance Auto Parts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Friday, April 11th. Advance Auto Parts's payout ratio is -17.86%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Wedbush reissued an "outperform" rating and issued a $55.00 price objective on shares of Advance Auto Parts in a research report on Monday, March 3rd. Royal Bank of Canada decreased their price target on 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. Wells Fargo & Company upped their price objective on 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 reduced their target price on Advance Auto Parts from $39.00 to $34.00 and set a "hold" rating on the stock in a research note on Thursday, February 27th. Finally, Evercore ISI lowered their target price on shares of Advance Auto Parts from $37.00 to $35.00 and set an "in-line" rating for the company in a research note on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Advance Auto Parts presently has an average rating of "Hold" and a consensus price target of $45.13.

Insider Buying and Selling

In other news, 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 price of $36.79 per share, with a total value of $55,185.00. Following the completion of the transaction, the chief executive officer now directly owns 183,121 shares of the company's stock, valued at approximately $6,737,021.59. The trade was a 0.83 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Eugene I. Lee, Jr. purchased 14,640 shares of the business's stock in a transaction on Thursday, March 6th. The stock was purchased at an average cost of $34.15 per share, for a total transaction of $499,956.00. Following the completion of the acquisition, the director now directly owns 34,070 shares of the company's stock, valued at approximately $1,163,490.50. The trade was a 75.35 % increase in their position. The disclosure for this purchase can be found here. 0.35% of the stock is currently owned by company insiders.

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.