Fuller & Thaler Asset Management Inc. Boosts Holdings in Advance Auto Parts, Inc. (NYSE:AAP)

Fuller & Thaler Asset Management Inc. raised its holdings in shares of Advance Auto Parts, Inc. (NYSE:AAP - Free Report) by 11.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,449,554 shares of the company's stock after buying an additional 347,587 shares during the period. Fuller & Thaler Asset Management Inc. owned about 5.77% of Advance Auto Parts worth $163,129,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AAP. Price T Rowe Associates Inc. MD increased its stake in shares of Advance Auto Parts by 34.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,685,541 shares of the company's stock worth $316,160,000 after purchasing an additional 1,706,328 shares in the last quarter. Pzena Investment Management LLC lifted its position in shares of Advance Auto Parts by 12.5% during the 4th quarter. Pzena Investment Management LLC now owns 3,270,897 shares of the company's stock valued at $154,681,000 after buying an additional 362,239 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Advance Auto Parts by 12.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,728,289 shares of the company's stock valued at $129,016,000 after acquiring an additional 297,741 shares during the period. Cooper Creek Partners Management LLC purchased a new stake in Advance Auto Parts in the 4th quarter worth approximately $75,055,000. Finally, Royce & Associates LP raised its stake in Advance Auto Parts by 30.4% during the 4th quarter. Royce & Associates LP now owns 1,403,004 shares of the company's stock worth $66,348,000 after acquiring an additional 327,417 shares during the period. 88.75% of the stock is currently owned by institutional investors.

Advance Auto Parts Stock Up 0.9 %

Shares of NYSE AAP opened at $32.94 on Wednesday. The company has a current ratio of 1.34, a quick ratio of 0.62 and a debt-to-equity ratio of 0.69. Advance Auto Parts, Inc. has a 12-month low of $28.89 and a 12-month high of $78.09. The firm's 50-day moving average price is $37.07 and its 200-day moving average price is $40.99. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 45.12, a P/E/G ratio of 1.98 and a beta of 1.07.

Advance Auto Parts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend is Friday, April 11th. Advance Auto Parts's payout ratio is -17.86%.

Insider Activity

In other news, CEO Shane M. Okelly bought 1,500 shares of Advance Auto Parts stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of $36.79 per share, with a total value of $55,185.00. Following the completion of the purchase, the chief executive officer now owns 183,121 shares in the company, valued at $6,737,021.59. The trade was a 0.83 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Eugene I. Lee, Jr. bought 14,640 shares of the stock in a transaction dated Thursday, March 6th. The stock was purchased at an average price of $34.15 per share, with a total value of $499,956.00. Following the acquisition, the director now directly owns 34,070 shares in the company, 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. Corporate insiders own 0.35% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on AAP shares. Wedbush reiterated an "outperform" rating and issued a $55.00 price target on shares of Advance Auto Parts in a research report on Monday, March 3rd. Royal Bank of Canada lowered their price objective on Advance Auto Parts from $50.00 to $44.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 27th. Barclays dropped their price objective on Advance Auto Parts from $66.00 to $54.00 and set an "equal weight" rating for the company in a research note on Thursday, January 9th. Wells Fargo & Company boosted their price target on Advance Auto Parts from $40.00 to $45.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th. Finally, Evercore ISI cut their price objective on shares of 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. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $45.13.

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.

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