First Quadrant L P CA held its stake in Advance Auto Parts Inc (NYSE:AAP) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,600 shares of the company’s stock at the end of the second quarter. First Quadrant L P CA’s holdings in Advance Auto Parts were worth $3,218,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of AAP. Cleararc Capital Inc. boosted its stake in Advance Auto Parts by 0.4% in the first quarter. Cleararc Capital Inc. now owns 1,802 shares of the company’s stock valued at $267,000 after buying an additional 7 shares during the period. IFP Advisors Inc boosted its stake in Advance Auto Parts by 3.2% in the first quarter. IFP Advisors Inc now owns 767 shares of the company’s stock valued at $114,000 after buying an additional 24 shares during the period. Strs Ohio boosted its stake in Advance Auto Parts by 0.7% in the first quarter. Strs Ohio now owns 3,955 shares of the company’s stock valued at $586,000 after buying an additional 28 shares during the period. Pacer Advisors Inc. boosted its stake in Advance Auto Parts by 3.0% in the first quarter. Pacer Advisors Inc. now owns 1,517 shares of the company’s stock valued at $225,000 after buying an additional 44 shares during the period. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in Advance Auto Parts by 3.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,964 shares of the company’s stock valued at $272,000 after buying an additional 61 shares during the period.
Shares of Advance Auto Parts Inc (NYSE:AAP) traded up 0.44% during trading on Friday, hitting $93.26. 3,073,777 shares of the company traded hands. Advance Auto Parts Inc has a one year low of $82.21 and a one year high of $177.83. The stock has a market cap of $6.89 billion, a price-to-earnings ratio of 18.62 and a beta of 0.87. The firm has a 50 day moving average price of $105.73 and a 200-day moving average price of $135.79.
Advance Auto Parts (NYSE:AAP) last announced its earnings results on Tuesday, August 15th. The company reported $1.58 EPS for the quarter, missing the consensus estimate of $1.65 by $0.07. Advance Auto Parts had a return on equity of 14.71% and a net margin of 3.91%. The firm had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the previous year, the business earned $1.90 earnings per share. The business’s quarterly revenue was up .3% compared to the same quarter last year. Analysts predict that Advance Auto Parts Inc will post $5.26 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 6th. Shareholders of record on Friday, September 22nd will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.26%. The ex-dividend date is Thursday, September 21st. Advance Auto Parts’s payout ratio is 4.80%.
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AAP has been the subject of several recent analyst reports. Bank of America Corporation decreased their price objective on shares of Advance Auto Parts from $160.00 to $150.00 and set a “neutral” rating for the company in a research report on Thursday, May 25th. Morgan Stanley reiterated an “overweight” rating and set a $160.00 price target (down from $185.00) on shares of Advance Auto Parts in a research note on Sunday, May 28th. Gabelli upgraded shares of Advance Auto Parts from a “hold” rating to a “buy” rating in a research note on Thursday, April 20th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Advance Auto Parts in a research note on Wednesday, May 31st. Finally, BTIG Research reiterated a “sell” rating and set a $109.00 price target (down from $120.00) on shares of Advance Auto Parts in a research note on Thursday, June 22nd. 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. The stock currently has an average rating of “Hold” and an average target price of $126.68.
In related news, Director Eugene I. Lee, Jr. purchased 1,895 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The stock was acquired at an average cost of $132.18 per share, for a total transaction of $250,481.10. Following the completion of the acquisition, the director now owns 4,398 shares in the company, valued at approximately $581,327.64. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Thomas Greco purchased 16,000 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The shares were bought at an average price of $134.63 per share, with a total value of $2,154,080.00. Following the completion of the acquisition, the insider now owns 111,030 shares of the company’s stock, valued at approximately $14,947,968.90. The disclosure for this purchase can be found here. Over 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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