Teachers Advisors LLC Has $11.59 Million Holdings in Advance Auto Parts Inc (AAP)

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Teachers Advisors LLC decreased its stake in Advance Auto Parts Inc (NYSE:AAP) by 22.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 99,390 shares of the company’s stock after selling 28,486 shares during the quarter. Teachers Advisors LLC owned 0.13% of Advance Auto Parts worth $11,588,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in AAP. Seven Eight Capital LP boosted its holdings in Advance Auto Parts by 318.3% during the second quarter. Seven Eight Capital LP now owns 32,197 shares of the company’s stock worth $3,754,000 after buying an additional 24,500 shares during the last quarter. Raymond James Trust N.A. grew its position in shares of Advance Auto Parts by 15.4% during the 2nd quarter. Raymond James Trust N.A. now owns 1,767 shares of the company’s stock worth $206,000 after buying an additional 236 shares during the period. Riverhead Capital Management LLC grew its position in shares of Advance Auto Parts by 20.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,786 shares of the company’s stock worth $325,000 after buying an additional 473 shares during the period. CI Investments Inc. grew its position in shares of Advance Auto Parts by 6.6% during the 2nd quarter. CI Investments Inc. now owns 186,200 shares of the company’s stock worth $21,709,000 after buying an additional 11,600 shares during the period. Finally, Aberdeen Asset Management PLC UK grew its position in shares of Advance Auto Parts by 4.2% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 14,745 shares of the company’s stock worth $1,719,000 after buying an additional 596 shares during the period.

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Advance Auto Parts Inc (AAP) opened at 99.20 on Monday. Advance Auto Parts Inc has a 52-week low of $82.21 and a 52-week high of $177.83. The company has a market cap of $7.33 billion, a P/E ratio of 19.80 and a beta of 0.92. The company has a 50-day moving average of $99.61 and a 200-day moving average of $125.12.

Advance Auto Parts (NYSE:AAP) last released its quarterly earnings data on Tuesday, August 15th. The company reported $1.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.65 by ($0.07). Advance Auto Parts had a net margin of 3.91% and a return on equity of 14.71%. The firm had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the prior year, the firm earned $1.90 EPS. The company’s revenue was up .3% compared to the same quarter last year. On average, equities research analysts expect that Advance Auto Parts Inc will post $5.16 earnings per share for the current fiscal year.

The company 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. 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 is currently 4.80%.

Several research analysts recently weighed in on AAP shares. Morgan Stanley reissued an “overweight” rating and set a $125.00 price objective (down previously from $160.00) on shares of Advance Auto Parts in a research note on Thursday, July 6th. Bank of America Corporation downgraded shares of Advance Auto Parts from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $150.00 to $90.00 in a research note on Friday, July 7th. BTIG Research reaffirmed a “sell” rating and issued a $109.00 target price (down previously from $120.00) on shares of Advance Auto Parts in a research note on Thursday, June 22nd. Deutsche Bank AG reiterated a “buy” rating and issued a $139.00 target price (down from $164.00) on shares of Advance Auto Parts in a report on Friday, July 21st. Finally, Cleveland Research lowered shares of Advance Auto Parts from a “buy” rating to a “neutral” rating in a report on Wednesday, June 28th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average 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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Institutional Ownership by Quarter for Advance Auto Parts (NYSE:AAP)

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