Capital International Inc. CA Buys New Position in Advance Auto Parts, Inc. (NYSE:AAP)

Capital International Inc. CA bought a new position in shares of Advance Auto Parts, Inc. (NYSE:AAP - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,571 shares of the company's stock, valued at approximately $405,000.

Several other large investors also recently bought and sold shares of the company. Virtu Financial LLC acquired a new position in Advance Auto Parts during the third quarter worth about $1,117,000. Versant Capital Management Inc grew its holdings 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 buying an additional 365 shares during the last quarter. GAMMA Investing LLC raised its holdings 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 worth $74,000 after acquiring an additional 1,047 shares during the last quarter. First Hawaiian Bank boosted its stake in shares of Advance Auto Parts by 14.4% during the fourth quarter. First Hawaiian Bank now owns 19,692 shares of the company's stock valued at $931,000 after acquiring an additional 2,474 shares during the last quarter. Finally, Moody National Bank Trust Division acquired a new stake in shares of Advance Auto Parts during the 4th quarter worth about $1,196,000. Institutional investors and hedge funds own 88.75% of the company's stock.

Advance Auto Parts Stock Down 0.3 %

Shares of Advance Auto Parts stock traded down $0.10 during trading on Friday, reaching $32.84. The company had a trading volume of 1,286,412 shares, compared to its average volume of 2,222,968. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 44.98, a price-to-earnings-growth ratio of 1.98 and a beta of 1.07. The firm's fifty day moving average is $36.46 and its 200-day moving average is $40.89. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.62 and a current ratio of 1.34. Advance Auto Parts, Inc. has a fifty-two week low of $28.89 and a fifty-two week high of $77.49.

Advance Auto Parts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.00 annualized dividend and a yield of 3.05%. Advance Auto Parts's dividend payout ratio (DPR) is -17.86%.

Analysts Set New Price Targets

Several brokerages have weighed in on AAP. Barclays cut their price target on Advance Auto Parts from $66.00 to $54.00 and set an "equal weight" rating for the company in a report on Thursday, January 9th. Royal Bank of Canada dropped their price objective on shares of 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. Citigroup decreased their price target on shares of Advance Auto Parts from $47.00 to $40.00 and set a "neutral" rating on the stock in a report on Thursday, February 27th. 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, Evercore ISI reduced their price objective on Advance Auto Parts from $37.00 to $35.00 and set an "in-line" rating on the stock in a research note on Tuesday, March 11th. 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price 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 on Tuesday, March 11th. The stock was purchased at an average price of $36.79 per share, for a total transaction of $55,185.00. Following the transaction, the chief executive officer now owns 183,121 shares in the company, valued at approximately $6,737,021.59. This trade represents a 0.83 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Eugene I. Lee, Jr. purchased 14,640 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were acquired 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 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. Company insiders own 0.35% of the company's stock.

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.