Bessemer Group Inc. reduced its position in Advance Auto Parts, Inc. (NYSE:AAP) by 8.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,151,248 shares of the company’s stock after selling 99,551 shares during the quarter. Bessemer Group Inc. owned approximately 1.56% of Advance Auto Parts worth $114,769,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Cambiar Investors LLC acquired a new stake in shares of Advance Auto Parts in the fourth quarter valued at $4,003,000. Twin Capital Management Inc. acquired a new stake in shares of Advance Auto Parts in the fourth quarter valued at $316,000. IFM Investors Pty Ltd acquired a new stake in shares of Advance Auto Parts in the fourth quarter valued at $207,000. Coronation Fund Managers Ltd. increased its stake in shares of Advance Auto Parts by 72.3% in the fourth quarter. Coronation Fund Managers Ltd. now owns 285,464 shares of the company’s stock valued at $28,458,000 after buying an additional 119,810 shares in the last quarter. Finally, Advisor Partners LLC acquired a new stake in shares of Advance Auto Parts in the fourth quarter valued at $208,000.
A number of analysts recently commented on AAP shares. JPMorgan Chase & Co. lifted their price objective on Advance Auto Parts from $110.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Zacks Investment Research lowered Advance Auto Parts from a “buy” rating to a “hold” rating in a research report on Wednesday, January 17th. Stephens set a $108.00 price objective on Advance Auto Parts and gave the stock a “hold” rating in a research report on Tuesday, January 16th. Morgan Stanley set a $120.00 target price on Advance Auto Parts and gave the stock a “buy” rating in a report on Tuesday, December 12th. Finally, Moffett Nathanson started coverage on Advance Auto Parts in a report on Monday, December 4th. They set a “neutral” rating on the stock. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $109.91.
Advance Auto Parts, Inc. (NYSE:AAP) traded up $2.79 during mid-day trading on Wednesday, hitting $109.01. The company had a trading volume of 568,724 shares, compared to its average volume of 1,398,385. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.52 and a quick ratio of 0.32. The firm has a market cap of $7,850.00, a price-to-earnings ratio of 22.90, a PEG ratio of 1.77 and a beta of 1.14. Advance Auto Parts, Inc. has a 1-year low of $78.81 and a 1-year high of $169.55.
Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings data on Tuesday, November 14th. The company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.18. Advance Auto Parts had a return on equity of 13.51% and a net margin of 3.75%. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same period in the prior year, the firm posted $1.73 EPS. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. research analysts predict that Advance Auto Parts, Inc. will post 5.25 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 6th. Shareholders of record on Friday, March 23rd will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date of this dividend is Thursday, March 22nd. Advance Auto Parts’s dividend payout ratio is 5.03%.
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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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