XTX Topco Ltd Acquires Shares of 12,913 Advance Auto Parts, Inc. (NYSE:AAP)

XTX Topco Ltd acquired a new position in shares of Advance Auto Parts, Inc. (NYSE:AAP - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 12,913 shares of the company's stock, valued at approximately $503,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC bought a new stake in Advance Auto Parts in the second quarter worth about $41,000. Blue Trust Inc. lifted its stake in shares of Advance Auto Parts by 98.7% during the 2nd quarter. Blue Trust Inc. now owns 769 shares of the company's stock worth $49,000 after acquiring an additional 382 shares during the last quarter. AM Squared Ltd purchased a new position in Advance Auto Parts during the 2nd quarter valued at $63,000. KBC Group NV grew its position in Advance Auto Parts by 29.1% in the 3rd quarter. KBC Group NV now owns 1,749 shares of the company's stock valued at $68,000 after acquiring an additional 394 shares during the last quarter. Finally, City State Bank bought a new position in Advance Auto Parts in the 3rd quarter valued at $78,000. 88.75% of the stock is currently owned by hedge funds and other institutional investors.

Advance Auto Parts Stock Down 0.4 %

Shares of AAP stock traded down $0.18 during mid-day trading on Friday, hitting $43.86. 1,420,341 shares of the stock traded hands, compared to its average volume of 2,081,879. 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 cap of $2.62 billion, a P/E ratio of 60.08 and a beta of 1.21. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.34 and a quick ratio of 0.62. The stock's fifty day moving average is $40.24 and its two-hundred day moving average is $50.14.

Advance Auto Parts (NYSE:AAP - Get Free Report) last posted its earnings results 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 net margin of 0.41% and a return on equity of 1.82%. The firm had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.62 billion. During the same period in the previous year, the company earned ($0.82) EPS. The company's revenue was down 3.2% on a year-over-year basis. Equities analysts predict that Advance Auto Parts, Inc. will post -0.54 EPS for the current year.

Advance Auto Parts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.28%. The ex-dividend date is Friday, January 10th. Advance Auto Parts's dividend payout ratio is currently 136.99%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on AAP shares. DA Davidson reissued a "neutral" rating and set a $45.00 target price on shares of Advance Auto Parts in a research note on Friday, November 15th. BMO Capital Markets started coverage on shares of Advance Auto Parts in a research report on Friday. They issued a "market perform" rating and a $45.00 price objective for the company. JPMorgan Chase & Co. reduced their target price on shares of Advance Auto Parts from $68.00 to $55.00 and set a "neutral" rating on the stock in a research report on Friday, August 16th. Mizuho reiterated a "neutral" rating and issued a $38.00 price target (down previously from $45.00) on shares of Advance Auto Parts in a report on Thursday, September 12th. Finally, Wedbush restated an "outperform" rating and set a $55.00 price objective on shares of Advance Auto Parts in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $48.40.

Insider Buying and Selling at Advance Auto Parts

In related news, EVP Tammy M. Finley sold 1,276 shares of the company's stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $44.06, for a total value of $56,220.56. Following the transaction, the executive vice president now directly owns 24,266 shares of the company's stock, valued at $1,069,159.96. This represents a 5.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.35% of the stock is currently owned by company insiders.

About Advance Auto Parts

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.