Advance Auto Parts, Inc. (NYSE:AAP) Shares Sold by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. decreased its position in shares of Advance Auto Parts, Inc. (NYSE:AAP - Free Report) by 80.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,939 shares of the company's stock after selling 67,804 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Advance Auto Parts were worth $801,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AAP. Pzena Investment Management LLC grew its holdings in Advance Auto Parts by 140.3% during the 3rd quarter. Pzena Investment Management LLC now owns 2,908,658 shares of the company's stock worth $113,409,000 after acquiring an additional 1,698,155 shares in the last quarter. Royce & Associates LP boosted its position in Advance Auto Parts by 31.7% during the third quarter. Royce & Associates LP now owns 1,075,587 shares of the company's stock valued at $41,937,000 after purchasing an additional 258,656 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Advance Auto Parts in the 3rd quarter valued at about $17,477,000. Clearline Capital LP grew its position in shares of Advance Auto Parts by 9.8% in the 3rd quarter. Clearline Capital LP now owns 445,244 shares of the company's stock worth $17,360,000 after buying an additional 39,699 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Advance Auto Parts in the 3rd quarter worth approximately $14,684,000. Hedge funds and other institutional investors own 88.75% of the company's stock.

Insider Activity

In related news, EVP Tammy M. Finley sold 1,276 shares of the business's stock in a transaction 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 completion of the sale, the executive vice president now owns 24,266 shares of the company's stock, valued at approximately $1,069,159.96. The trade was a 5.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.35% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Barclays cut 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 report on Thursday, January 9th. UBS Group raised their price target on shares of Advance Auto Parts from $42.00 to $44.00 and gave the stock a "neutral" rating in a report on Friday, November 15th. Royal Bank of Canada dropped their price objective on shares of Advance Auto Parts from $52.00 to $46.00 and set a "sector perform" rating on the stock in a report on Monday, November 11th. Wells Fargo & Company lifted their price target 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, Wedbush reissued an "outperform" rating and issued a $55.00 price objective on shares of Advance Auto Parts in a report on Friday, November 15th. One 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. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $47.93.

Advance Auto Parts Stock Performance

NYSE AAP traded up $1.63 during mid-day trading on Tuesday, reaching $46.87. 1,799,969 shares of the stock were exchanged, compared to its average volume of 1,639,084. Advance Auto Parts, Inc. has a 1 year low of $35.59 and a 1 year high of $88.56. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.62 and a current ratio of 1.34. The business's 50 day moving average is $46.05 and its 200-day moving average is $45.03. The company has a market capitalization of $2.80 billion, a P/E ratio of 64.20, a P/E/G ratio of 2.23 and a beta of 1.15.

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 (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.53). The firm had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.62 billion. Advance Auto Parts had a return on equity of 1.82% and a net margin of 0.41%. The company's revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.82) earnings per share. On average, equities research analysts forecast that Advance Auto Parts, Inc. will post -0.46 EPS for the current fiscal year.

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.