State of New Jersey Common Pension Fund D Purchases 14,134 Shares of Advance Auto Parts, Inc. (NYSE:AAP)

State of New Jersey Common Pension Fund D increased its position in shares of Advance Auto Parts, Inc. (NYSE:AAP - Free Report) by 35.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,524 shares of the company's stock after acquiring an additional 14,134 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.09% of Advance Auto Parts worth $2,578,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AAP. Versant Capital Management Inc increased its position in shares of Advance Auto Parts by 207.4% in the 4th quarter. Versant Capital Management Inc now owns 541 shares of the company's stock valued at $26,000 after buying an additional 365 shares in the last quarter. Allworth Financial LP grew its position in shares of Advance Auto Parts by 1,543.4% in the 4th quarter. Allworth Financial LP now owns 871 shares of the company's stock valued at $40,000 after purchasing an additional 818 shares during the period. Blue Trust Inc. increased its stake in Advance Auto Parts by 56.7% during the 3rd quarter. Blue Trust Inc. now owns 1,205 shares of the company's stock worth $47,000 after purchasing an additional 436 shares in the last quarter. KBC Group NV raised its holdings in Advance Auto Parts by 29.1% during the 3rd quarter. KBC Group NV now owns 1,749 shares of the company's stock worth $68,000 after buying an additional 394 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Advance Auto Parts by 198.3% during the 4th quarter. GAMMA Investing LLC now owns 1,575 shares of the company's stock worth $74,000 after buying an additional 1,047 shares during the period. Institutional investors own 88.75% of the company's stock.

Insider Transactions at Advance Auto Parts

In other news, EVP Tammy M. Finley sold 1,276 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $44.06, for a total transaction of $56,220.56. Following the transaction, the executive vice president now owns 24,266 shares in the company, valued at approximately $1,069,159.96. This trade represents a 5.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.35% of the stock is currently owned by corporate insiders.

Advance Auto Parts Stock Performance

AAP stock traded down $0.88 during midday trading on Friday, reaching $43.46. 2,498,948 shares of the company were exchanged, compared to its average volume of 1,734,547. Advance Auto Parts, Inc. has a one year low of $35.59 and a one year high of $88.56. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 59.53, a price-to-earnings-growth ratio of 2.02 and a beta of 1.15. The business has a 50-day moving average price of $46.21 and a two-hundred day moving average price of $44.40. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.34 and a quick ratio of 0.62.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AAP. Citigroup increased their price objective on shares of Advance Auto Parts from $44.00 to $47.00 and gave the stock a "neutral" rating in a research report on Friday. Truist Financial dropped their price target on Advance Auto Parts from $41.00 to $39.00 and set a "hold" rating on the stock in a research note on Friday, November 15th. DA Davidson reaffirmed a "neutral" rating and set a $45.00 price target on shares of Advance Auto Parts in a research report on Friday, November 15th. 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 objective on the stock. Finally, UBS Group raised their target price on shares of Advance Auto Parts from $42.00 to $44.00 and gave the company a "neutral" rating in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $47.88.

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.