Stephens Inc. AR Acquires 8,365 Shares of Advance Auto Parts, Inc. (NYSE:AAP)

Stephens Inc. AR increased its holdings in shares of Advance Auto Parts, Inc. (NYSE:AAP - Free Report) by 30.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,069 shares of the company's stock after acquiring an additional 8,365 shares during the quarter. Stephens Inc. AR owned approximately 0.06% of Advance Auto Parts worth $1,706,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AAP. Versant Capital Management Inc increased its stake in shares of Advance Auto Parts by 207.4% in the fourth quarter. Versant Capital Management Inc now owns 541 shares of the company's stock valued at $26,000 after purchasing an additional 365 shares during the period. Blue Trust Inc. increased its stake 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 valued at $47,000 after purchasing an additional 436 shares during the period. GAMMA Investing LLC increased its stake in shares of Advance Auto Parts by 198.3% in the fourth quarter. GAMMA Investing LLC now owns 1,575 shares of the company's stock valued at $74,000 after purchasing an additional 1,047 shares during the period. KBC Group NV increased its stake in shares of Advance Auto Parts by 29.1% in the third quarter. KBC Group NV now owns 1,749 shares of the company's stock valued at $68,000 after purchasing an additional 394 shares during the period. Finally, AM Squared Ltd increased its stake in shares of Advance Auto Parts by 100.0% in the third quarter. AM Squared Ltd now owns 2,000 shares of the company's stock valued at $78,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 88.75% of the company's stock.

Insider Buying and Selling

In related news, EVP Tammy M. Finley sold 1,276 shares of the firm's stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $44.06, for a total value of $56,220.56. Following the completion of the transaction, the executive vice president now owns 24,266 shares of the company's stock, valued at approximately $1,069,159.96. This trade represents a 5.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.35% of the company's stock.

Advance Auto Parts Price Performance

NYSE:AAP traded down $0.57 during trading hours on Friday, reaching $48.03. 1,176,254 shares of the company's stock were exchanged, compared to its average volume of 1,431,399. The company has a market capitalization of $2.87 billion, a P/E ratio of 65.79, a price-to-earnings-growth ratio of 2.23 and a beta of 1.15. Advance Auto Parts, Inc. has a 12 month low of $35.59 and a 12 month high of $88.56. 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 business's 50-day simple moving average is $46.27 and its two-hundred day simple moving average is $44.73.

Advance Auto Parts (NYSE:AAP - Get Free Report) last posted its quarterly earnings data 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 return on equity of 1.82% and a net margin of 0.41%. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same period in the prior year, the business posted ($0.82) EPS. The company's revenue for the quarter was down 3.2% on a year-over-year basis. Sell-side analysts expect that Advance Auto Parts, Inc. will post -0.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on AAP. Wedbush restated an "outperform" rating and issued a $55.00 price target on shares of Advance Auto Parts in a research note on Friday, November 15th. Barclays dropped their price target on shares of Advance Auto Parts from $66.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 9th. DA Davidson restated a "neutral" rating and issued a $45.00 price target on shares of Advance Auto Parts in a research note on Friday, November 15th. BMO Capital Markets initiated coverage on shares of Advance Auto Parts in a research note on Friday, December 13th. They set a "market perform" rating and a $45.00 price objective on the stock. Finally, Truist Financial lowered their price objective on shares of 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. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $47.93.

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.