Vanguard Group Inc. Buys 14,181 Shares of Advance Auto Parts, Inc. (NYSE:AAP)

Vanguard Group Inc. grew its stake in Advance Auto Parts, Inc. (NYSE:AAP - Free Report) by 0.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,643,462 shares of the company's stock after buying an additional 14,181 shares during the period. Vanguard Group Inc. owned 11.12% of Advance Auto Parts worth $314,169,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. KLP Kapitalforvaltning AS acquired a new stake in Advance Auto Parts during the 4th quarter valued at approximately $577,000. Sei Investments Co. boosted its stake in shares of Advance Auto Parts by 11.2% in the 4th quarter. Sei Investments Co. now owns 13,240 shares of the company's stock valued at $626,000 after purchasing an additional 1,335 shares during the last quarter. Goodman Financial Corp increased its position in shares of Advance Auto Parts by 28.5% during the fourth quarter. Goodman Financial Corp now owns 302,495 shares of the company's stock worth $14,305,000 after buying an additional 67,116 shares during the period. Blueshift Asset Management LLC raised its stake in Advance Auto Parts by 107.5% during the fourth quarter. Blueshift Asset Management LLC now owns 14,717 shares of the company's stock worth $696,000 after buying an additional 7,623 shares during the last quarter. Finally, Boston Partners acquired a new position in Advance Auto Parts in the fourth quarter valued at $1,087,000. 88.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Wedbush reiterated an "outperform" rating and set a $55.00 price target on shares of Advance Auto Parts in a report on Monday, March 3rd. Citigroup decreased their target price on Advance Auto Parts from $47.00 to $40.00 and set a "neutral" rating for the company in a research note on Thursday, February 27th. Wells Fargo & Company boosted their price target on Advance Auto Parts from $40.00 to $45.00 and gave the company an "equal weight" rating in a research note on Monday, January 6th. Royal Bank of Canada reduced their price objective on shares of Advance Auto Parts from $50.00 to $44.00 and set a "sector perform" rating for the company in a research report on Thursday, February 27th. Finally, BMO Capital Markets dropped their target price on shares of Advance Auto Parts from $45.00 to $40.00 and set a "market perform" rating on the stock in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $45.13.

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Advance Auto Parts Stock Down 6.3 %

NYSE AAP traded down $2.04 on Tuesday, reaching $30.39. The company had a trading volume of 3,398,605 shares, compared to its average volume of 2,196,027. 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 stock has a market capitalization of $1.82 billion, a P/E ratio of 41.63, a P/E/G ratio of 1.98 and a beta of 1.07. The company's fifty day moving average is $40.49 and its 200 day moving average is $41.54. Advance Auto Parts, Inc. has a 52-week low of $30.17 and a 52-week high of $79.85.

Advance Auto Parts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date is Friday, April 11th. Advance Auto Parts's payout ratio is currently -17.86%.

Insider Buying and Selling

In other Advance Auto Parts news, CEO Shane M. Okelly acquired 1,500 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were acquired at an average price of $36.79 per share, with a total value of $55,185.00. Following the completion of the transaction, the chief executive officer now owns 183,121 shares in the company, valued at approximately $6,737,021.59. This trade represents a 0.83 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Eugene I. Lee, Jr. bought 14,640 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were acquired at an average cost of $34.15 per share, with a total value of $499,956.00. Following the completion of the transaction, the director now owns 34,070 shares in the company, valued at approximately $1,163,490.50. The trade was a 75.35 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.35% of the stock is owned by corporate 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.