Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in Advance Auto Parts Inc (NYSE:AAP) by 27.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,904 shares of the company’s stock after selling 5,966 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Advance Auto Parts were worth $1,854,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Legal & General Group Plc boosted its holdings in Advance Auto Parts by 5.3% in the second quarter. Legal & General Group Plc now owns 358,722 shares of the company’s stock valued at $41,825,000 after acquiring an additional 18,209 shares during the last quarter. Tobam bought a new position in shares of Advance Auto Parts during the 2nd quarter valued at about $118,000. Marshall Wace North America L.P. bought a new position in shares of Advance Auto Parts during the 1st quarter valued at about $2,028,000. BKD Wealth Advisors LLC lifted its holdings in shares of Advance Auto Parts by 47.1% during the 2nd quarter. BKD Wealth Advisors LLC now owns 2,968 shares of the company’s stock valued at $346,000 after purchasing an additional 951 shares in the last quarter. Finally, Stevens Capital Management LP lifted its holdings in shares of Advance Auto Parts by 7.2% during the 1st quarter. Stevens Capital Management LP now owns 2,819 shares of the company’s stock valued at $418,000 after purchasing an additional 190 shares in the last quarter.
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Shares of Advance Auto Parts Inc (NYSE AAP) opened at 98.96 on Friday. The firm has a 50-day moving average price of $100.74 and a 200-day moving average price of $126.83. The stock has a market capitalization of $7.31 billion, a P/E ratio of 19.76 and a beta of 0.90. Advance Auto Parts Inc has a 52-week low of $82.21 and a 52-week high of $177.83.
Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings data on Tuesday, August 15th. The company reported $1.58 earnings per share for the quarter, missing the Zacks’ 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 analysts’ expectations of $2.26 billion. During the same period last year, the company earned $1.90 earnings per share. The business’s revenue for the quarter was up .3% compared to the same quarter last year. On average, analysts predict that Advance Auto Parts Inc will post $5.17 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 6th. Stockholders of record on Friday, September 22nd will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date is Thursday, September 21st. Advance Auto Parts’s dividend payout ratio (DPR) is presently 4.80%.
A number of equities research analysts recently issued reports on the company. Bank of America Corporation reissued an “underperform” rating and issued a $87.50 target price on shares of Advance Auto Parts in a research report on Tuesday, September 5th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Advance Auto Parts in a research report on Wednesday, May 24th. Royal Bank Of Canada dropped their target price on Advance Auto Parts from $153.00 to $125.00 and set a “sector perform” rating on the stock in a research report on Thursday, July 6th. Wedbush reaffirmed an “outperform” rating on shares of Advance Auto Parts in a research report on Thursday, July 6th. Finally, UBS AG reiterated a “buy” rating and set a $170.00 target price (down from $180.00) on shares of Advance Auto Parts in a research note on Thursday, May 25th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $123.08.
Advance Auto Parts 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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