Qsemble Capital Management LP Purchases 50,245 Shares of Advance Auto Parts, Inc. (NYSE:AAP)

Qsemble Capital Management LP boosted its holdings in Advance Auto Parts, Inc. (NYSE:AAP - Free Report) by 1,244.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 54,281 shares of the company's stock after buying an additional 50,245 shares during the period. Qsemble Capital Management LP owned 0.09% of Advance Auto Parts worth $2,116,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Mather Group LLC. raised its stake in Advance Auto Parts by 1,241.7% during the 2nd quarter. Mather Group LLC. now owns 644 shares of the company's stock valued at $41,000 after purchasing an additional 596 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in shares of Advance Auto Parts during the second quarter valued at approximately $41,000. Blue Trust Inc. lifted 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 buying an additional 436 shares in the last quarter. AM Squared Ltd bought a new position in shares of Advance Auto Parts during the second quarter worth $63,000. Finally, KBC Group NV boosted its position in shares of Advance Auto Parts by 29.1% during 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 last quarter. 88.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on AAP. JPMorgan Chase & Co. decreased their price target on shares of Advance Auto Parts from $68.00 to $55.00 and set a "neutral" rating on the stock in a research note on Friday, August 16th. Royal Bank of Canada dropped their price target on Advance Auto Parts from $52.00 to $46.00 and set a "sector perform" rating for the company in a research note on Monday, November 11th. Wells Fargo & Company reduced their price objective on Advance Auto Parts from $50.00 to $40.00 and set an "equal weight" rating on the stock in a research note on Friday, September 13th. Roth Capital upgraded Advance Auto Parts to a "hold" rating in a research report on Tuesday, October 15th. Finally, 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 research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $48.64.

Advance Auto Parts Trading Up 1.0 %

NYSE:AAP traded up $0.42 during mid-day trading on Tuesday, hitting $43.84. 2,234,604 shares of the stock traded hands, compared to its average volume of 2,073,077. 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 stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of 59.06 and a beta of 1.17. Advance Auto Parts, Inc. has a 52 week low of $35.59 and a 52 week high of $88.56. The firm's 50 day moving average is $39.06 and its two-hundred day moving average is $52.63.

Advance Auto Parts (NYSE:AAP - Get Free Report) last released its earnings results on Thursday, November 14th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of $0.49 by ($0.53). Advance Auto Parts had a net margin of 0.41% and a return on equity of 1.82%. The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the prior year, the company posted ($0.82) EPS. The company's quarterly revenue was down 3.2% compared to the same quarter last year. On average, equities research analysts predict that Advance Auto Parts, Inc. will post -0.51 earnings per share for the current year.

Advance Auto Parts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, January 10th. This represents a $1.00 annualized dividend and a dividend yield of 2.28%. Advance Auto Parts's dividend payout ratio (DPR) is 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.