Moody National Bank Trust Division Takes $1.20 Million Position in Advance Auto Parts, Inc. (NYSE:AAP)

Moody National Bank Trust Division purchased a new stake in Advance Auto Parts, Inc. (NYSE:AAP - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 25,289 shares of the company's stock, valued at approximately $1,196,000.

Other hedge funds also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Advance Auto Parts in the 3rd quarter worth about $14,684,000. Wolverine Asset Management LLC increased its position in shares of Advance Auto Parts by 212.4% in the third quarter. Wolverine Asset Management LLC now owns 31,357 shares of the company's stock worth $1,223,000 after acquiring an additional 21,320 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Advance Auto Parts during the third quarter valued at approximately $579,000. FORA Capital LLC purchased a new stake in shares of Advance Auto Parts in the 3rd quarter valued at approximately $2,144,000. Finally, Maple Rock Capital Partners Inc. purchased a new position in Advance Auto Parts during the 3rd quarter worth approximately $9,046,000. Institutional investors and hedge funds own 88.75% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on AAP shares. Wedbush reaffirmed an "outperform" rating and issued a $55.00 target price on shares of Advance Auto Parts 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 research report on Monday, November 11th. Wells Fargo & Company increased 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 upped their target price on Advance Auto Parts from $45.00 to $60.00 and gave the stock a "hold" rating in a research report on Wednesday, November 20th. Finally, The Goldman Sachs Group lowered their price target on Advance Auto Parts from $60.00 to $43.00 and set a "neutral" rating for the company in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $47.93.

Insider Activity at Advance Auto Parts

In related news, EVP Tammy M. Finley sold 1,276 shares of the business'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 transaction of $56,220.56. Following the completion of the sale, the executive vice president now directly owns 24,266 shares of the company's stock, valued at $1,069,159.96. The trade was a 5.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.35% of the stock is currently owned by company insiders.

Advance Auto Parts Stock Performance

Advance Auto Parts stock traded down $0.13 during mid-day trading on Tuesday, reaching $44.72. The company had a trading volume of 1,539,655 shares, compared to its average volume of 2,017,144. The company has a 50 day moving average of $43.23 and a 200-day moving average of $47.00. Advance Auto Parts, Inc. has a 52 week low of $35.59 and a 52 week high of $88.56. 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 firm has a market cap of $2.67 billion, a price-to-earnings ratio of 61.26 and a beta of 1.16.

Advance Auto Parts (NYSE:AAP - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.62 billion. Advance Auto Parts had a return on equity of 1.82% and a net margin of 0.41%. Advance Auto Parts's revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.82) EPS. On average, sell-side analysts expect that Advance Auto Parts, Inc. will post -0.54 EPS for the current fiscal year.

Advance Auto Parts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.00 annualized dividend and a dividend yield of 2.24%. Advance Auto Parts's dividend payout ratio (DPR) is currently 136.99%.

Advance Auto Parts Company 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.