Advance Auto Parts Inc (AAP) Position Reduced by Teacher Retirement System of Texas

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Teacher Retirement System of Texas decreased its stake in shares of Advance Auto Parts Inc (NYSE:AAP) by 0.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 298,260 shares of the company’s stock after selling 15 shares during the period. Teacher Retirement System of Texas owned 0.40% of Advance Auto Parts worth $34,774,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Cleararc Capital Inc. increased its stake in shares of 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 increased its stake in shares of 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 increased its stake in shares of 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. increased its stake in shares of 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. increased its stake in shares of 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.

Advance Auto Parts Inc (AAP) opened at 106.13 on Friday. The stock’s 50 day moving average price is $108.95 and its 200 day moving average price is $138.26. The company has a market cap of $7.83 billion, a P/E ratio of 19.23 and a beta of 0.87. Advance Auto Parts Inc has a 52-week low of $99.13 and a 52-week high of $177.83.

Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings results on Wednesday, May 24th. The company reported $1.60 EPS for the quarter, missing the consensus estimate of $2.20 by $0.60. Advance Auto Parts had a net margin of 4.31% and a return on equity of 16.02%. The company had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same period in the prior year, the business posted $2.51 EPS. Advance Auto Parts’s revenue for the quarter was down 3.0% compared to the same quarter last year. Analysts expect that Advance Auto Parts Inc will post $6.37 earnings per share for the current year.

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Several analysts recently issued reports on the company. Barclays PLC reissued a “sell” rating and set a $120.00 target price on shares of Advance Auto Parts in a research note on Friday, May 26th. Royal Bank Of Canada decreased their target price on Advance Auto Parts from $168.00 to $153.00 and set an “outperform” rating on the stock in a research note on Thursday, May 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. Bank of America Corporation reduced their price objective on Advance Auto Parts from $160.00 to $150.00 and set a “neutral” rating on the stock in a research note on Thursday, May 25th. Finally, Jefferies Group LLC lifted their price objective on Advance Auto Parts to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, June 28th. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $149.06.

In other Advance Auto Parts news, Director Eugene I. Lee, Jr. bought 1,895 shares of the business’s stock in a transaction on Friday, May 26th. The stock was bought at an average price of $132.18 per share, with a total value of $250,481.10. Following the completion of the purchase, the director now directly owns 4,398 shares in the company, valued at $581,327.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas Greco bought 16,000 shares of the business’s stock in a transaction on Friday, May 26th. The shares were acquired at an average cost 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 ninety days, insiders purchased 369,462 shares of company stock valued at $49,617,073. Insiders own 4.50% of the company’s stock.

Advance Auto Parts Company Profile

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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Institutional Ownership by Quarter for Advance Auto Parts (NYSE:AAP)




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