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Virtu Financial LLC raised its stake in Advance Auto Parts, Inc. (NYSE:AAP – Get Rating) by 57.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 10,379 shares of the company’s stock after purchasing an additional 3,795 shares during the period. Virtu Financial LLC’s holdings in Advance Auto Parts were worth $1,623,000 as of its most recent SEC filing.
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Other hedge funds and other institutional investors also recently modified their holdings of the company. Private Advisor Group LLC bought a new stake in shares of Advance Auto Parts during the 1st quarter valued at about $232,000. MetLife Investment Management LLC grew its position in shares of Advance Auto Parts by 21.9% during the 1st quarter. MetLife Investment Management LLC now owns 16,965 shares of the company’s stock valued at $3,511,000 after buying an additional 3,046 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Advance Auto Parts by 5.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,343 shares of the company’s stock valued at $1,727,000 after buying an additional 435 shares during the last quarter. Cibc World Market Inc. grew its position in shares of Advance Auto Parts by 120.6% during the 1st quarter. Cibc World Market Inc. now owns 11,593 shares of the company’s stock valued at $2,399,000 after buying an additional 6,338 shares during the last quarter. Finally, Blair William & Co. IL grew its position in shares of Advance Auto Parts by 14.4% during the 1st quarter. Blair William & Co. IL now owns 4,620 shares of the company’s stock valued at $956,000 after buying an additional 582 shares during the last quarter. Institutional investors own 96.04% of the company’s stock.
Advance Auto Parts Stock Performance
Shares of AAP opened at $149.88 on Tuesday. The company’s fifty day moving average is $147.74 and its 200-day moving average is $168.07. Advance Auto Parts, Inc. has a 12 month low of $138.52 and a 12 month high of $237.39. The firm has a market cap of $9.01 billion, a price-to-earnings ratio of 19.26, a price-to-earnings-growth ratio of 0.98 and a beta of 1.15. The company has a quick ratio of 0.23, a current ratio of 1.13 and a debt-to-equity ratio of 0.44.
Advance Auto Parts (NYSE:AAP – Get Rating) last announced its quarterly earnings results on Tuesday, November 15th. The company reported $2.84 EPS for the quarter, missing the consensus estimate of $3.32 by ($0.48). The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.66 billion. Advance Auto Parts had a return on equity of 25.97% and a net margin of 4.30%. Equities analysts expect that Advance Auto Parts, Inc. will post 12.59 EPS for the current fiscal year.
Advance Auto Parts Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 3rd. Investors of record on Friday, December 16th were issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 4.00%. The ex-dividend date of this dividend was Thursday, December 15th. Advance Auto Parts’s dividend payout ratio is currently 77.12%.
Analyst Upgrades and Downgrades
AAP has been the subject of several recent analyst reports. Wedbush upgraded shares of Advance Auto Parts from a “neutral” rating to an “outperform” rating in a research report on Friday, January 13th. Argus cut their price target on shares of Advance Auto Parts from $220.00 to $185.00 in a report on Monday, December 5th. Guggenheim lowered shares of Advance Auto Parts from a “buy” rating to a “neutral” rating in a report on Thursday, November 17th. StockNews.com lowered shares of Advance Auto Parts from a “buy” rating to a “hold” rating in a report on Wednesday, December 21st. Finally, Royal Bank of Canada cut their price target on shares of Advance Auto Parts from $199.00 to $165.00 and set a “sector perform” rating on the stock in a report on Thursday, November 17th. Nine equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Advance Auto Parts currently has a consensus rating of “Hold” and an average target price of $189.88.
Advance Auto Parts Company Profile
Advance Auto Parts, Inc engages in the supply and distribution of aftermarket automotive products for both professional installers and do-it-yourself customers. It operates through the following segments: Northern Division, Southern Division, Carquest Canada, Independents and Worldpac. Advance Auto Parts offers replacement parts, performance parts, accessories, oil and fluids, engine parts, brakes, batteries, accessories, and tools and garage.
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