Summit Trail Advisors LLC Makes New $305,000 Investment in Advance Auto Parts, Inc. (NYSE:AAP)

Summit Trail Advisors LLC bought a new stake in Advance Auto Parts, Inc. (NYSE:AAP - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 6,440 shares of the company's stock, valued at approximately $305,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Yousif Capital Management LLC increased its holdings in Advance Auto Parts by 1.1% in the 4th quarter. Yousif Capital Management LLC now owns 26,258 shares of the company's stock valued at $1,242,000 after purchasing an additional 281 shares in the last quarter. Everence Capital Management Inc. grew its stake in shares of Advance Auto Parts by 3.7% in the third quarter. Everence Capital Management Inc. now owns 8,330 shares of the company's stock valued at $325,000 after buying an additional 300 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Advance Auto Parts by 207.4% during 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 during the period. KBC Group NV lifted its position 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 acquiring an additional 394 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in Advance Auto Parts by 56.7% in the 3rd quarter. Blue Trust Inc. now owns 1,205 shares of the company's stock worth $47,000 after acquiring an additional 436 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 analysts have recently issued reports on the stock. Wedbush reiterated an "outperform" rating and set a $55.00 price objective on shares of Advance Auto Parts in a research note on Friday, November 15th. Wells Fargo & Company boosted their price objective on shares of Advance Auto Parts from $40.00 to $45.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th. DA Davidson reaffirmed a "neutral" rating and set a $45.00 target price on shares of Advance Auto Parts in a research report on Friday, November 15th. Barclays reduced their price target on Advance Auto Parts from $66.00 to $54.00 and set an "equal weight" rating for the company in a report on Thursday, January 9th. Finally, The Goldman Sachs Group dropped 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, November 15th. One investment 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's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $47.93.

Advance Auto Parts Stock Performance

AAP stock traded down $0.57 during trading on Friday, hitting $48.03. 1,176,254 shares of the company's stock traded hands, compared to its average volume of 1,431,399. The stock has a fifty day moving average price of $46.27 and a two-hundred day moving average price of $44.73. The company has a quick ratio of 0.62, a current ratio of 1.34 and a debt-to-equity ratio of 0.69. Advance Auto Parts, Inc. has a 52 week low of $35.59 and a 52 week high of $88.56. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of 65.79, a price-to-earnings-growth ratio of 2.23 and a beta of 1.15.

Advance Auto Parts (NYSE:AAP - Get Free Report) last released its quarterly earnings data on Thursday, November 14th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same quarter last year, the company earned ($0.82) EPS. Advance Auto Parts's revenue was down 3.2% compared to the same quarter last year. As a group, equities analysts anticipate that Advance Auto Parts, Inc. will post -0.46 EPS for the current fiscal year.

Insider Buying and Selling

In other Advance Auto Parts news, EVP Tammy M. Finley sold 1,276 shares of the business's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $44.06, for a total transaction of $56,220.56. Following the completion of the transaction, the executive vice president now directly owns 24,266 shares of the company's stock, valued at $1,069,159.96. The trade was a 5.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.35% of the stock is owned by company insiders.

Advance Auto Parts 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.