Arkadios Wealth Advisors Buys 7,867 Shares of Advance Auto Parts, Inc. (NYSE:AAP)

Arkadios Wealth Advisors boosted its stake in shares of Advance Auto Parts, Inc. (NYSE:AAP - Free Report) by 45.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,136 shares of the company's stock after purchasing an additional 7,867 shares during the quarter. Arkadios Wealth Advisors' holdings in Advance Auto Parts were worth $1,189,000 at the end of the most recent quarter.

Other hedge funds and other institutional 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 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 last quarter. Blue Trust Inc. lifted its position in Advance Auto Parts by 56.7% during the 3rd quarter. Blue Trust Inc. now owns 1,205 shares of the company's stock worth $47,000 after acquiring an additional 436 shares during the last quarter. KBC Group NV boosted its holdings in Advance Auto Parts by 29.1% during the third 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. GAMMA Investing LLC grew its position 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 purchasing an additional 1,047 shares during the last quarter. Finally, City State Bank bought a new position in shares of Advance Auto Parts in the third quarter worth about $78,000. Institutional investors and hedge funds own 88.75% of the company's stock.

Insider Transactions at Advance Auto Parts

In other Advance Auto Parts news, EVP Tammy M. Finley sold 1,276 shares of the firm's stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $44.06, for a total value of $56,220.56. Following the transaction, the executive vice president now directly owns 24,266 shares of the company's stock, valued at approximately $1,069,159.96. This trade represents a 5.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.35% of the stock is currently owned by corporate insiders.

Advance Auto Parts Price Performance

NYSE:AAP traded up $0.20 during trading hours on Monday, reaching $45.93. The company had a trading volume of 1,319,543 shares, compared to its average volume of 1,544,174. The company has a quick ratio of 0.62, a current ratio of 1.34 and a debt-to-equity ratio of 0.69. The stock has a 50-day moving average of $43.88 and a two-hundred day moving average of $46.46. Advance Auto Parts, Inc. has a one year low of $35.59 and a one year high of $88.56. The firm has a market capitalization of $2.74 billion, a PE ratio of 62.91, a PEG ratio of 2.15 and a beta of 1.16.

Advance Auto Parts (NYSE:AAP - Get Free Report) last posted its earnings results on Thursday, November 14th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.53). Advance Auto Parts had a return on equity of 1.82% and a net margin of 0.41%. The firm had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the previous year, the company posted ($0.82) EPS. The firm's revenue for the quarter was down 3.2% compared to the same quarter last year. Analysts forecast that Advance Auto Parts, Inc. will post -0.52 earnings per share for the current year.

Advance Auto Parts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be paid a $0.25 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.00 annualized dividend and a dividend yield of 2.18%. Advance Auto Parts's dividend payout ratio (DPR) is currently 136.99%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. DA Davidson reaffirmed a "neutral" rating and issued a $45.00 price target on shares of Advance Auto Parts in a research report on Friday, November 15th. Truist Financial dropped their target price on shares of 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. Royal Bank of Canada reduced their price target on shares of Advance Auto Parts from $52.00 to $46.00 and set a "sector perform" rating for the company in a report on Monday, November 11th. The Goldman Sachs Group decreased their price target on shares of 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. Finally, BMO Capital Markets assumed coverage on shares of Advance Auto Parts in a research note on Friday, December 13th. They issued a "market perform" rating and a $45.00 target price for the company. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $47.93.

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.