OLD National Bancorp IN Takes $312,000 Position in Advance Auto Parts, Inc. (NYSE:AAP)

OLD National Bancorp IN acquired a new stake in shares of Advance Auto Parts, Inc. (NYSE:AAP - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,599 shares of the company's stock, valued at approximately $312,000.

Other large investors have also recently made changes to their positions in the company. Versant Capital Management Inc raised its stake in Advance Auto Parts by 207.4% during the fourth quarter. Versant Capital Management Inc now owns 541 shares of the company's stock valued at $26,000 after purchasing an additional 365 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Advance Auto Parts by 56.7% in the third quarter. Blue Trust Inc. now owns 1,205 shares of the company's stock worth $47,000 after purchasing an additional 436 shares during the last quarter. KBC Group NV lifted its stake in Advance Auto Parts by 29.1% in the third quarter. KBC Group NV now owns 1,749 shares of the company's stock worth $68,000 after acquiring an additional 394 shares during the period. GAMMA Investing LLC lifted its stake in 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 period. Finally, City State Bank purchased a new stake in Advance Auto Parts in the third quarter worth about $78,000. 88.75% of the stock is currently owned by institutional investors.

Insider Activity at Advance Auto Parts

In other Advance Auto Parts news, EVP Tammy M. Finley sold 1,276 shares of the business's stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $44.06, for a total value of $56,220.56. Following the completion of the transaction, the executive vice president now directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.35% of the company's stock.

Advance Auto Parts Trading Down 1.3 %

Shares of Advance Auto Parts stock traded down $0.62 on Wednesday, reaching $48.95. 1,046,152 shares of the company were exchanged, compared to its average volume of 1,619,244. The stock has a fifty day moving average price of $45.73 and a 200-day moving average price of $45.50. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of 67.05, a price-to-earnings-growth ratio of 2.22 and a beta of 1.15. 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 fifty-two week low of $35.59 and a fifty-two week high of $88.56.

Advance Auto Parts (NYSE:AAP - Get Free Report) last released its quarterly 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 company had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.62 billion. Advance Auto Parts had a return on equity of 1.82% and a net margin of 0.41%. The business's revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the company posted ($0.82) EPS. On average, analysts expect that Advance Auto Parts, Inc. will post -0.46 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on AAP. Roth Mkm reaffirmed a "neutral" rating and issued a $40.00 price objective on shares of Advance Auto Parts in a research report on Wednesday, October 16th. Wells Fargo & Company lifted their target price on shares of Advance Auto Parts from $40.00 to $45.00 and gave the company an "equal weight" rating in a report on Monday, January 6th. BMO Capital Markets initiated coverage on shares of Advance Auto Parts in a report on Friday, December 13th. They issued a "market perform" rating and a $45.00 price target for the company. UBS Group boosted 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. Finally, Wedbush reaffirmed an "outperform" rating and set a $55.00 target price on shares of Advance Auto Parts in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Advance Auto Parts currently has an average rating of "Hold" and a consensus price target of $47.93.

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.