one8zero8 LLC Takes Position in Advance Auto Parts, Inc. (NYSE:AAP)

one8zero8 LLC purchased a new stake in Advance Auto Parts, Inc. (NYSE:AAP - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 46,267 shares of the company's stock, valued at approximately $2,188,000. one8zero8 LLC owned approximately 0.08% of Advance Auto Parts as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in AAP. Pzena Investment Management LLC grew its position in shares of Advance Auto Parts by 140.3% in the third quarter. Pzena Investment Management LLC now owns 2,908,658 shares of the company's stock valued at $113,409,000 after purchasing an additional 1,698,155 shares in the last quarter. Allianz Asset Management GmbH grew its position in shares of Advance Auto Parts by 244.7% in the fourth quarter. Allianz Asset Management GmbH now owns 740,234 shares of the company's stock valued at $35,006,000 after purchasing an additional 525,504 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Advance Auto Parts in the third quarter valued at $14,684,000. Maple Rock Capital Partners Inc. bought a new stake in Advance Auto Parts during the third quarter valued at $9,046,000. Finally, Empowered Funds LLC bought a new stake in Advance Auto Parts during the fourth quarter valued at $8,947,000. 88.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on AAP. BMO Capital Markets dropped their price objective on Advance Auto Parts from $45.00 to $40.00 and set a "market perform" rating for the company in a research note on Thursday, February 27th. Wells Fargo & Company boosted their target price on Advance Auto Parts from $40.00 to $45.00 and gave the company an "equal weight" rating in a research note on Monday, January 6th. Evercore ISI reduced their price target on Advance Auto Parts from $37.00 to $35.00 and set an "in-line" rating on the stock in a report on Tuesday, March 11th. Barclays reduced their target price on 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. Finally, Wedbush reiterated an "outperform" rating and set a $55.00 target price on shares of Advance Auto Parts in a report on Monday, March 3rd. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Advance Auto Parts presently has a consensus rating of "Hold" and a consensus price target of $45.13.

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Advance Auto Parts Trading Up 1.8 %

AAP stock traded up $0.66 during trading on Thursday, hitting $37.58. The company had a trading volume of 1,688,742 shares, compared to its average volume of 2,109,789. The firm has a market capitalization of $2.25 billion, a P/E ratio of 51.47, a PEG ratio of 1.98 and a beta of 1.27. Advance Auto Parts, Inc. has a 52-week low of $33.08 and a 52-week high of $88.56. The company has a 50 day simple moving average of $43.46 and a 200-day simple moving average of $42.00. The company has a quick ratio of 0.62, a current ratio of 1.34 and a debt-to-equity ratio of 0.69.

Advance Auto Parts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date is Friday, April 11th. Advance Auto Parts's dividend payout ratio (DPR) is -17.86%.

Insider Buying and Selling at Advance Auto Parts

In other news, CEO Shane M. Okelly acquired 1,500 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 183,121 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eugene I. Lee, Jr. acquired 14,640 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was purchased at an average cost of $34.15 per share, for a total transaction of $499,956.00. Following the transaction, the director now owns 34,070 shares in the company, valued at approximately $1,163,490.50. The trade was a 75.35 % increase in their ownership of the stock. 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.