Quantbot Technologies LP lifted its holdings in shares of Advance Auto Parts Inc (NYSE:AAP) by 105.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,141 shares of the company’s stock after purchasing an additional 16,464 shares during the quarter. Quantbot Technologies LP’s holdings in Advance Auto Parts were worth $3,747,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Van ECK Associates Corp increased its stake in Advance Auto Parts by 7.5% in the first quarter. Van ECK Associates Corp now owns 966 shares of the company’s stock valued at $143,000 after acquiring an additional 67 shares during the last quarter. Global X Management Co. LLC grew its stake in shares of Advance Auto Parts by 28.9% during the first quarter. Global X Management Co. LLC now owns 972 shares of the company’s stock worth $144,000 after buying an additional 218 shares during the last quarter. Harbour Capital Advisors LLC acquired a new position in shares of Advance Auto Parts during the first quarter worth $148,000. Tobam acquired a new position in shares of Advance Auto Parts during the second quarter worth $118,000. Finally, Huntington National Bank lifted its holdings in shares of Advance Auto Parts by 37.1% during the second quarter. Huntington National Bank now owns 1,046 shares of the company’s stock worth $122,000 after purchasing an additional 283 shares during the period.
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A number of equities analysts have recently commented on AAP shares. Gabelli reiterated a “buy” rating on shares of Advance Auto Parts in a report on Wednesday, August 16th. Jefferies Group LLC restated a “buy” rating and issued a $130.00 target price on shares of Advance Auto Parts in a report on Tuesday, September 12th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $139.00 price target (down from $164.00) on shares of Advance Auto Parts in a research note on Friday, July 21st. BidaskClub downgraded shares of Advance Auto Parts from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 11th. Finally, UBS AG reissued a “buy” rating and set a $118.00 target price (down from $155.00) on shares of Advance Auto Parts in a research report on Wednesday, August 16th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $123.08.
Advance Auto Parts Inc (NYSE:AAP) traded down 0.678% during mid-day trading on Friday, reaching $98.825. 513,168 shares of the company’s stock were exchanged. The company’s 50-day moving average is $99.61 and its 200 day moving average is $125.12. Advance Auto Parts Inc has a one year low of $82.21 and a one year high of $177.83. The firm has a market capitalization of $7.27 billion, a P/E ratio of 15.940 and a beta of 0.90.
Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings results on Tuesday, August 15th. The company reported $1.58 earnings per share for the quarter, missing the Thomson Reuters’ 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 business had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same quarter last year, the company posted $1.90 EPS. Advance Auto Parts’s quarterly revenue was up .3% compared to the same quarter last year. Equities analysts predict that Advance Auto Parts Inc will post $5.16 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 6th. Stockholders of record on Friday, September 22nd will be paid a dividend of $0.06 per share. The ex-dividend date is Thursday, September 21st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.24%. Advance Auto Parts’s payout ratio is 4.80%.
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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