Advance Auto Parts, Inc. (NYSE:AAP - Get Free Report) CEO Shane M. Okelly bought 1,500 shares of the stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of $36.79 per share, with a total value of $55,185.00. Following the purchase, the chief executive officer now owns 183,121 shares of the company's stock, valued at approximately $6,737,021.59. This represents a 0.83 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Advance Auto Parts Stock Performance
NYSE AAP traded down $0.51 during trading hours on Friday, hitting $37.63. The company had a trading volume of 1,930,760 shares, compared to its average volume of 2,332,326. 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 $2.25 billion, a P/E ratio of 51.55, a price-to-earnings-growth ratio of 1.98 and a beta of 1.27. Advance Auto Parts, Inc. has a fifty-two week low of $33.08 and a fifty-two week high of $88.56. The business has a fifty day simple moving average of $44.00 and a 200-day simple moving average of $42.18.
Advance Auto Parts Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid 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 of this dividend is Friday, April 11th. Advance Auto Parts's payout ratio is -17.86%.
Institutional Investors Weigh In On Advance Auto Parts
Several large investors have recently made changes to their positions in AAP. Crossmark Global Holdings Inc. raised its stake in Advance Auto Parts by 45.3% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 9,909 shares of the company's stock valued at $387,000 after acquiring an additional 3,088 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in shares of Advance Auto Parts by 35.7% during the third quarter. State of New Jersey Common Pension Fund D now owns 40,390 shares of the company's stock valued at $1,575,000 after purchasing an additional 10,623 shares in the last quarter. Wolverine Asset Management LLC lifted its holdings in 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 purchasing an additional 21,320 shares during the period. Versor Investments LP bought a new position in Advance Auto Parts in the 3rd quarter valued at about $781,000. Finally, Victory Capital Management Inc. increased its stake in Advance Auto Parts by 24.9% during the 3rd quarter. Victory Capital Management Inc. now owns 56,016 shares of the company's stock valued at $2,184,000 after buying an additional 11,183 shares during the period. Institutional investors and hedge funds own 88.75% of the company's stock.
Analysts Set New Price Targets
A number of research firms have recently commented on AAP. Citigroup reduced their target price on shares of Advance Auto Parts from $47.00 to $40.00 and set a "neutral" rating on the stock in a research report on Thursday, February 27th. Wells Fargo & Company upped their price objective on shares of Advance Auto Parts from $40.00 to $45.00 and gave the company an "equal weight" rating in a research report on Monday, January 6th. Royal Bank of Canada cut their price target on Advance Auto Parts from $50.00 to $44.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 27th. Barclays lowered their price objective on Advance Auto Parts from $66.00 to $54.00 and set an "equal weight" rating for the company in a research note on Thursday, January 9th. Finally, Evercore ISI cut their target price on Advance Auto Parts from $37.00 to $35.00 and set an "in-line" rating on the stock in a research report on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, Advance Auto Parts presently has a consensus rating of "Hold" and an average price target of $45.13.
View Our Latest Analysis on Advance Auto Parts
About Advance Auto Parts
(
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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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