Annandale Capital LLC Acquires 34,746 Shares of Advance Auto Parts, Inc. (NYSE:AAP)

Annandale Capital LLC lifted its holdings in Advance Auto Parts, Inc. (NYSE:AAP - Free Report) by 46.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 109,241 shares of the company's stock after buying an additional 34,746 shares during the period. Advance Auto Parts comprises approximately 0.8% of Annandale Capital LLC's portfolio, making the stock its 27th biggest position. Annandale Capital LLC owned about 0.18% of Advance Auto Parts worth $5,166,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Advance Auto Parts by 72.2% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 159,050 shares of the company's stock worth $6,201,000 after purchasing an additional 66,690 shares in the last quarter. Redwood Investment Management LLC increased its holdings in Advance Auto Parts by 26.4% in the third quarter. Redwood Investment Management LLC now owns 10,858 shares of the company's stock worth $449,000 after buying an additional 2,269 shares during the last quarter. XTX Topco Ltd bought a new stake in Advance Auto Parts in the third quarter worth approximately $503,000. Savoie Capital LLC raised its holdings in shares of Advance Auto Parts by 117.2% during the 3rd quarter. Savoie Capital LLC now owns 69,500 shares of the company's stock valued at $2,710,000 after purchasing an additional 37,500 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Advance Auto Parts in the 3rd quarter valued at $1,117,000. 88.75% of the stock is owned by institutional investors and hedge funds.

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Advance Auto Parts Price Performance

Shares of AAP traded down $1.48 during mid-day trading on Thursday, reaching $31.99. The company had a trading volume of 1,333,672 shares, compared to its average volume of 2,205,196. Advance Auto Parts, Inc. has a twelve month low of $28.89 and a twelve month high of $79.41. 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 company's 50-day moving average is $39.86 and its 200-day moving average is $41.44. The company has a market capitalization of $1.91 billion, a P/E ratio of 43.40, a P/E/G ratio of 1.98 and a beta of 1.07.

Advance Auto Parts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend is Friday, April 11th. Advance Auto Parts's payout ratio is currently -17.86%.

Analysts Set New Price Targets

Several equities analysts have weighed in on AAP shares. Wells Fargo & Company raised their target price on Advance Auto Parts from $40.00 to $45.00 and gave the company an "equal weight" rating in a report on Monday, January 6th. Evercore ISI reduced their target price on Advance Auto Parts from $37.00 to $35.00 and set an "in-line" rating for the company in a report on Tuesday, March 11th. Barclays lowered their price target on 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. Truist Financial decreased their price objective 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. Finally, Royal Bank of Canada dropped their target price on shares of Advance Auto Parts from $50.00 to $44.00 and set a "sector perform" rating on the stock in a report on Thursday, February 27th. 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. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $45.13.

Insider Transactions at Advance Auto Parts

In related news, CEO Shane M. Okelly purchased 1,500 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average price of $36.79 per share, with a total value of $55,185.00. Following the completion of the acquisition, the chief executive officer now directly owns 183,121 shares in the company, valued at approximately $6,737,021.59. This trade represents a 0.83 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Eugene I. Lee, Jr. acquired 14,640 shares of Advance Auto Parts stock in a transaction on Thursday, March 6th. The shares were purchased at an average cost of $34.15 per share, for a total transaction of $499,956.00. Following the acquisition, the director now owns 34,070 shares in the company, valued at approximately $1,163,490.50. This represents a 75.35 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.35% of the company's stock.

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.