Caisse DE Depot ET Placement DU Quebec Acquires 693,700 Shares of Advance Auto Parts Inc (AAP)

Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Advance Auto Parts Inc (NYSE:AAP) by 16,567.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 697,887 shares of the company’s stock after purchasing an additional 693,700 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.94% of Advance Auto Parts worth $69,522,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Engineers Gate Manager LP grew its stake in Advance Auto Parts by 90.2% in the 3rd quarter. Engineers Gate Manager LP now owns 10,651 shares of the company’s stock valued at $1,057,000 after buying an additional 5,051 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Advance Auto Parts by 15.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 36,175 shares of the company’s stock valued at $3,589,000 after buying an additional 4,823 shares during the last quarter. Tredje AP fonden acquired a new position in Advance Auto Parts in the 3rd quarter valued at $1,395,000. Commerzbank Aktiengesellschaft FI acquired a new position in Advance Auto Parts in the 3rd quarter valued at $254,000. Finally, Poplar Forest Capital LLC acquired a new position in Advance Auto Parts in the 3rd quarter valued at $14,308,000.

Shares of Advance Auto Parts Inc (NYSE:AAP) opened at $104.02 on Tuesday. The company has a quick ratio of 0.32, a current ratio of 1.52 and a debt-to-equity ratio of 0.32. The stock has a market cap of $7,336.60, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 1.79 and a beta of 1.00. Advance Auto Parts Inc has a 12-month low of $78.81 and a 12-month high of $177.83.

Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings results on Tuesday, November 14th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.18. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.21 billion. Advance Auto Parts had a net margin of 3.75% and a return on equity of 13.51%. The business’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period last year, the business posted $1.73 EPS. sell-side analysts predict that Advance Auto Parts Inc will post 5.22 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 22nd will be given a $0.06 dividend. The ex-dividend date is Thursday, December 21st. This represents a $0.24 annualized dividend and a yield of 0.23%. Advance Auto Parts’s dividend payout ratio is 5.03%.

A number of research firms recently issued reports on AAP. Barclays reiterated an “equal weight” rating and issued a $90.00 target price (down from $93.00) on shares of Advance Auto Parts in a research note on Wednesday, August 16th. UBS reiterated a “buy” rating and issued a $118.00 target price (down from $155.00) on shares of Advance Auto Parts in a research note on Wednesday, August 16th. Moffett Nathanson began coverage on shares of Advance Auto Parts in a research note on Monday. They issued a “neutral” rating on the stock. Citigroup lowered their target price on shares of Advance Auto Parts to $99.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 16th. Finally, Oppenheimer reiterated a “hold” rating on shares of Advance Auto Parts in a research note on Tuesday, August 15th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $104.89.

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

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