Advance Auto Parts, Inc. (NYSE:AAP) Shares Acquired by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. increased its position in shares of Advance Auto Parts, Inc. (NYSE:AAP - Free Report) by 142.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 134,700 shares of the company's stock after buying an additional 79,070 shares during the period. Advance Auto Parts comprises about 0.7% of Landscape Capital Management L.L.C.'s portfolio, making the stock its 14th biggest position. Landscape Capital Management L.L.C. owned 0.23% of Advance Auto Parts worth $6,370,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in shares of Advance Auto Parts by 13.0% in the 4th quarter. Geode Capital Management LLC now owns 938,231 shares of the company's stock valued at $44,384,000 after acquiring an additional 108,226 shares during the last quarter. Franklin Resources Inc. purchased a new position in Advance Auto Parts in the fourth quarter valued at approximately $960,000. New Age Alpha Advisors LLC acquired a new stake in Advance Auto Parts during the fourth quarter worth approximately $4,683,000. Norges Bank purchased a new stake in shares of Advance Auto Parts during the 4th quarter worth approximately $10,867,000. Finally, WINTON GROUP Ltd acquired a new position in shares of Advance Auto Parts in the 4th quarter valued at $541,000. Institutional investors and hedge funds own 88.75% of the company's stock.

Advance Auto Parts Price Performance

NYSE AAP traded down $0.72 during mid-day trading on Wednesday, hitting $29.59. The stock had a trading volume of 1,420,003 shares, compared to its average volume of 2,193,179. The company has a 50 day simple moving average of $40.49 and a 200 day simple moving average of $41.54. 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 company has a market cap of $1.77 billion, a price-to-earnings ratio of 40.48, a P/E/G ratio of 1.98 and a beta of 1.07. Advance Auto Parts, Inc. has a 52-week low of $28.98 and a 52-week high of $79.85.

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Advance Auto Parts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend is Friday, April 11th. Advance Auto Parts's dividend payout ratio (DPR) is presently -17.86%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Royal Bank of Canada cut their target price 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. Wells Fargo & Company raised their target price on shares of 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. Evercore ISI decreased their price target 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. Barclays lowered their price objective on shares of Advance Auto Parts from $66.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 9th. Finally, Citigroup decreased their target price on shares of Advance Auto Parts from $47.00 to $40.00 and set a "neutral" rating for the company in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Advance Auto Parts currently has a consensus rating of "Hold" and an average price target of $45.13.

Insider Buying and Selling

In related news, CEO Shane M. Okelly bought 1,500 shares of Advance Auto Parts stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average price of $36.79 per share, with a total value of $55,185.00. Following the purchase, the chief executive officer now owns 183,121 shares in the company, valued at $6,737,021.59. This represents a 0.83 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Eugene I. Lee, Jr. bought 14,640 shares of the stock in a transaction on Thursday, March 6th. The shares were bought at an average price 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 $1,163,490.50. The trade was a 75.35 % increase in their position. The disclosure for this purchase can be found here. 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.