October 5, 2022

T-Viral

Why Wait Grab

Advance Auto Parts, Inc. (NYSE:AAP) Shares Purchased by AE Wealth Management LLC

[ad_1]


AE Wealth Management LLC grew its stake in shares of Advance Auto Parts, Inc. (NYSE:AAPGet Rating) by 93.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 14,894 shares of the company’s stock after acquiring an additional 7,212 shares during the period. AE Wealth Management LLC’s holdings in Advance Auto Parts were worth $3,082,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. IFM Investors Pty Ltd lifted its position in shares of Advance Auto Parts by 6.4% during the 1st quarter. IFM Investors Pty Ltd now owns 9,218 shares of the company’s stock valued at $1,908,000 after acquiring an additional 558 shares during the last quarter. OPSEU Pension Plan Trust Fund lifted its position in shares of Advance Auto Parts by 23.2% during the 4th quarter. OPSEU Pension Plan Trust Fund now owns 5,253 shares of the company’s stock valued at $1,254,000 after acquiring an additional 990 shares during the last quarter. Donald L. Hagan LLC acquired a new stake in shares of Advance Auto Parts during the 4th quarter valued at $802,000. CWM LLC acquired a new stake in shares of Advance Auto Parts during the 4th quarter valued at $3,736,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Advance Auto Parts during the 4th quarter valued at $1,260,000. Institutional investors own 98.99% of the company’s stock.

NYSE AAP opened at $173.64 on Friday. Advance Auto Parts, Inc. has a fifty-two week low of $164.00 and a fifty-two week high of $244.55. The stock’s 50-day moving average is $190.93 and its two-hundred day moving average is $210.95. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.20 and a quick ratio of 0.25. The firm has a market cap of $10.53 billion, a P/E ratio of 19.34, a price-to-earnings-growth ratio of 1.06 and a beta of 1.23.

Advance Auto Parts (NYSE:AAPGet Rating) last posted its earnings results on Monday, May 23rd. The company reported $3.57 earnings per share for the quarter, missing the consensus estimate of $3.59 by ($0.02). Advance Auto Parts had a net margin of 5.16% and a return on equity of 24.74%. The company had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter last year, the business earned $3.34 earnings per share. Advance Auto Parts’s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities analysts expect that Advance Auto Parts, Inc. will post 13.68 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Stockholders of record on Friday, June 17th were paid a $1.50 dividend. The ex-dividend date of this dividend was Thursday, June 16th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.46%. Advance Auto Parts’s payout ratio is presently 66.82%.

A number of analysts have recently issued reports on AAP shares. Raymond James reduced their target price on Advance Auto Parts from $275.00 to $250.00 in a report on Wednesday, May 25th. Morgan Stanley reduced their target price on Advance Auto Parts from $240.00 to $225.00 and set an “equal weight” rating for the company in a report on Tuesday, May 24th. Truist Financial reduced their target price on Advance Auto Parts from $276.00 to $238.00 and set a “buy” rating for the company in a report on Wednesday, May 25th. Citigroup reduced their target price on Advance Auto Parts from $294.00 to $250.00 in a report on Friday, May 13th. Finally, Wedbush dropped their price target on shares of Advance Auto Parts from $270.00 to $215.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 24th. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Advance Auto Parts has an average rating of “Moderate Buy” and a consensus price target of $242.17.

Advance Auto Parts Company Profile (Get Rating)

Advance Auto Parts, Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories; belts and hoses; brakes and brake pads; chassis and climate control parts; clutches and drive shafts; engines and engine parts; exhaust systems and parts; hub assemblies; ignition components and wires; radiators and cooling parts; starters and alternators; and steering and alignment parts.

Featured Articles

Want to see what other hedge funds are holding AAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advance Auto Parts, Inc. (NYSE:AAPGet Rating).

Institutional Ownership by Quarter for Advance Auto Parts (NYSE:AAP)



Receive News & Ratings for Advance Auto Parts Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Advance Auto Parts and related companies with MarketBeat.com’s FREE daily email newsletter.

[ad_2]

Source link