Mn Services Vermogensbeheer B.V. raised its stake in Advance Auto Parts Inc (NYSE:AAP) by 528.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,335 shares of the company’s stock after buying an additional 10,371 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Advance Auto Parts were worth $1,438,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of AAP. Quantitative Systematic Strategies LLC raised its position in Advance Auto Parts by 98.5% in the first quarter. Quantitative Systematic Strategies LLC now owns 16,574 shares of the company’s stock valued at $2,457,000 after buying an additional 8,224 shares during the period. Patten & Patten Inc. TN acquired a new position in Advance Auto Parts during the first quarter valued at about $491,000. BKD Wealth Advisors LLC acquired a new position in Advance Auto Parts during the first quarter valued at about $299,000. Parametrica Management Ltd acquired a new position in Advance Auto Parts during the first quarter valued at about $250,000. Finally, Legacy Private Trust Co. raised its position in Advance Auto Parts by 3.7% in the first quarter. Legacy Private Trust Co. now owns 5,215 shares of the company’s stock valued at $773,000 after buying an additional 185 shares during the period.
Advance Auto Parts Inc (AAP) traded up 0.44% during midday trading on Friday, hitting $93.26. 3,073,777 shares of the company traded hands. The stock’s 50-day moving average is $105.08 and its 200-day moving average is $135.28. Advance Auto Parts Inc has a 12-month low of $82.21 and a 12-month high of $177.83. The firm has a market capitalization of $6.89 billion, a PE ratio of 18.62 and a beta of 0.87.
Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings results on Tuesday, August 15th. The company reported $1.58 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by $0.07. The firm had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.26 billion. Advance Auto Parts had a net margin of 3.91% and a return on equity of 14.71%. The business’s revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.90 EPS. Analysts anticipate that Advance Auto Parts Inc will post $5.26 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 6th. Shareholders of record on Friday, September 22nd will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date is Thursday, September 21st. Advance Auto Parts’s dividend payout ratio is currently 4.80%.
Several research firms have issued reports on AAP. Zacks Investment Research lowered shares of Advance Auto Parts from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. Citigroup Inc. decreased their price target on shares of Advance Auto Parts from $177.00 to $168.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 25th. UBS AG reaffirmed a “buy” rating and issued a $180.00 price objective (down previously from $200.00) on shares of Advance Auto Parts in a research note on Wednesday, May 17th. Royal Bank Of Canada decreased their price objective on shares of Advance Auto Parts from $191.00 to $168.00 and set an “outperform” rating for the company in a research note on Tuesday, May 2nd. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $160.00 price objective (down previously from $185.00) on shares of Advance Auto Parts in a research note on Sunday, May 28th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Advance Auto Parts currently has an average rating of “Hold” and an average price target of $126.68.
In other news, Director Adriana Karaboutis purchased 367 shares of the business’s stock in a transaction on Friday, June 2nd. The stock was purchased at an average price of $135.28 per share, for a total transaction of $49,647.76. Following the completion of the purchase, the director now directly owns 3,043 shares in the company, valued at approximately $411,657.04. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Thomas Greco purchased 16,000 shares of the business’s stock in a transaction on Friday, May 26th. The stock was purchased at an average price of $134.63 per share, with a total value of $2,154,080.00. Following the purchase, the insider now owns 111,030 shares of the company’s stock, valued at $14,947,968.90. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 369,462 shares of company stock valued at $49,617,073. Corporate insiders own 4.50% of the company’s stock.
About Advance Auto Parts
Advance Auto Parts, Inc provides automotive aftermarket parts in North America, serving do-it-for-me (Professional) and do-it-yourself (DIY), customers. The Company’s stores and branches offer a selection of brand name, original equipment manufacturer (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks.
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