GSA Capital Partners LLP cut its stake in Advance Auto Parts Inc (NYSE:AAP) by 66.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,153 shares of the company’s stock after selling 24,567 shares during the quarter. GSA Capital Partners LLP’s holdings in Advance Auto Parts were worth $1,417,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of the company. UBS Asset Management Americas Inc. increased its stake in shares of Advance Auto Parts by 5.1% in the second quarter. UBS Asset Management Americas Inc. now owns 197,802 shares of the company’s stock worth $23,062,000 after purchasing an additional 9,561 shares in the last quarter. Lionstone Capital Management LLC grew its holdings in Advance Auto Parts by 26.9% during the 2nd quarter. Lionstone Capital Management LLC now owns 154,000 shares of the company’s stock valued at $17,955,000 after buying an additional 32,600 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in Advance Auto Parts by 9.2% in the 2nd quarter. Mutual of America Capital Management LLC now owns 8,919 shares of the company’s stock worth $1,040,000 after acquiring an additional 748 shares during the last quarter. New York State Common Retirement Fund boosted its position in shares of Advance Auto Parts by 17.3% during the 2nd quarter. New York State Common Retirement Fund now owns 238,418 shares of the company’s stock valued at $27,797,000 after acquiring an additional 35,129 shares during the last quarter. Finally, Thrivent Financial For Lutherans increased its position in Advance Auto Parts by 3.7% in the second quarter. Thrivent Financial For Lutherans now owns 2,810 shares of the company’s stock worth $328,000 after purchasing an additional 100 shares during the last quarter.
Advance Auto Parts Inc (NYSE:AAP) opened at 99.00 on Monday. The firm has a 50-day moving average of $99.61 and a 200-day moving average of $125.12. Advance Auto Parts Inc has a 12-month low of $82.21 and a 12-month high of $177.83. The stock has a market cap of $7.31 billion, a PE ratio of 19.76 and a beta of 0.92.
Advance Auto Parts (NYSE:AAP) last released its earnings results on Tuesday, August 15th. The company reported $1.58 earnings per share (EPS) 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 business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter last year, the company earned $1.90 earnings per share. 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 business also recently announced a quarterly dividend, which will be paid on Friday, October 6th. Investors of record on Friday, September 22nd will be issued a $0.06 dividend. The ex-dividend date of this dividend is Thursday, September 21st. This represents a $0.24 dividend on an annualized basis and a yield of 0.24%. Advance Auto Parts’s dividend payout ratio (DPR) is presently 4.80%.
A number of research analysts recently commented on the stock. Bank of America Corporation reaffirmed an “underperform” rating and issued a $87.50 price target on shares of Advance Auto Parts in a report on Tuesday, September 5th. Royal Bank Of Canada dropped their price target on shares of Advance Auto Parts from $153.00 to $125.00 and set a “sector perform” rating for the company in a research note on Thursday, July 6th. Wedbush reaffirmed an “outperform” rating on shares of Advance Auto Parts in a research note on Thursday, July 6th. Credit Suisse Group set a $100.00 price objective on Advance Auto Parts and gave the stock a “buy” rating in a report on Wednesday, August 16th. Finally, Morgan Stanley restated an “overweight” rating and issued a $125.00 price objective (down from $160.00) on shares of Advance Auto Parts in a report on Thursday, July 6th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $123.08.
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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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