Royce & Associates LP boosted its holdings in Advance Auto Parts, Inc. (NYSE:AAP - Free Report) by 31.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,075,587 shares of the company's stock after purchasing an additional 258,656 shares during the quarter. Royce & Associates LP owned about 1.80% of Advance Auto Parts worth $41,937,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC acquired a new position in Advance Auto Parts in the first quarter valued at $34,000. Mather Group LLC. grew its holdings in shares of Advance Auto Parts by 1,241.7% during the second quarter. Mather Group LLC. now owns 644 shares of the company's stock worth $41,000 after buying an additional 596 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Advance Auto Parts during the 2nd quarter valued at approximately $41,000. Blue Trust Inc. lifted its holdings in shares of Advance Auto Parts by 98.7% during the second quarter. Blue Trust Inc. now owns 769 shares of the company's stock worth $49,000 after purchasing an additional 382 shares during the period. Finally, AM Squared Ltd purchased a new position in Advance Auto Parts in the 2nd quarter valued at $63,000. Institutional investors and hedge funds own 88.75% of the company's stock.
Advance Auto Parts Price Performance
Shares of AAP traded down $3.51 during mid-day trading on Friday, reaching $37.69. 5,898,694 shares of the company's stock were exchanged, compared to its average volume of 2,053,840. 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 0.30, a current ratio of 1.23 and a debt-to-equity ratio of 0.69. The company has a 50-day simple moving average of $39.06 and a two-hundred day simple moving average of $54.63. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 3,819.00, a PEG ratio of 1.33 and a beta of 1.17.
Advance Auto Parts (NYSE:AAP - Get Free Report) last released its earnings results on Thursday, August 22nd. The company reported $0.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.97 by ($0.22). The firm had revenue of $2.68 billion during the quarter, compared to analysts' expectations of $2.67 billion. Advance Auto Parts had a net margin of 0.01% and a return on equity of 0.05%. Advance Auto Parts's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the company posted $1.43 earnings per share. On average, sell-side analysts predict that Advance Auto Parts, Inc. will post 2.19 EPS for the current fiscal year.
Advance Auto Parts Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date is Friday, January 10th. Advance Auto Parts's payout ratio is 10,000.00%.
Analysts Set New Price Targets
A number of equities analysts have commented on the stock. Truist Financial cut their price objective on shares of Advance Auto Parts from $41.00 to $39.00 and set a "hold" rating for the company in a research report on Friday. Royal Bank of Canada cut 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 report on Monday. The Goldman Sachs Group lowered their price objective on Advance Auto Parts from $60.00 to $43.00 and set a "neutral" rating on the stock in a report on Friday. UBS Group increased their target price on Advance Auto Parts from $42.00 to $44.00 and gave the stock a "neutral" rating in a research note on Friday. Finally, Evercore ISI dropped their price objective on Advance Auto Parts from $71.00 to $67.00 and set an "in-line" rating on the stock in a report on Tuesday, October 22nd. 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, Advance Auto Parts presently has a consensus rating of "Hold" and a consensus price target of $49.14.
Get Our Latest Stock Analysis on AAP
Advance Auto Parts Company Profile
(
Free Report)
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.
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