US Bancorp DE grew its holdings in Advance Auto Parts, Inc. (NYSE:AAP - Free Report) by 1,813.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,340 shares of the company's stock after buying an additional 24,016 shares during the quarter. US Bancorp DE's holdings in Advance Auto Parts were worth $1,198,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. CIBC Asset Management Inc increased its position in shares of Advance Auto Parts by 3.9% in the fourth quarter. CIBC Asset Management Inc now owns 5,865 shares of the company's stock valued at $277,000 after buying an additional 221 shares in the last quarter. Yousif Capital Management LLC increased its position in shares of Advance Auto Parts by 1.1% in the fourth quarter. Yousif Capital Management LLC now owns 26,258 shares of the company's stock valued at $1,242,000 after buying an additional 281 shares in the last quarter. Ingalls & Snyder LLC increased its position in shares of Advance Auto Parts by 5.0% in the fourth quarter. Ingalls & Snyder LLC now owns 6,680 shares of the company's stock valued at $316,000 after buying an additional 317 shares in the last quarter. Versant Capital Management Inc increased its position 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 buying an additional 365 shares in the last quarter. Finally, KBC Group NV increased its position 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 buying an additional 394 shares in the last quarter. 88.75% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on AAP shares. Wedbush restated an "outperform" rating and issued a $55.00 price objective on shares of Advance Auto Parts in a research report on Monday, March 3rd. Royal Bank of Canada lowered 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 target on 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. Wells Fargo & Company lifted their price target on Advance Auto Parts from $40.00 to $45.00 and gave the stock an "equal weight" rating in a research note on Monday, January 6th. Finally, DA Davidson reaffirmed a "neutral" rating and issued a $45.00 price target on shares of Advance Auto Parts in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $46.69.
Check Out Our Latest Analysis on AAP
Advance Auto Parts Trading Up 5.4 %
Shares of Advance Auto Parts stock traded up $1.82 during trading hours on Friday, hitting $35.45. The company's stock had a trading volume of 3,486,513 shares, compared to its average volume of 2,273,664. Advance Auto Parts, Inc. has a twelve month low of $33.08 and a twelve month high of $88.56. The firm has a fifty day moving average of $44.97 and a 200-day moving average of $42.56. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 48.56, a P/E/G ratio of 1.98 and a beta of 1.27. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.62 and a current ratio of 1.34.
Advance Auto Parts Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Friday, April 11th. Advance Auto Parts's dividend payout ratio (DPR) is presently -17.86%.
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.
Further Reading
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