Janney Montgomery Scott LLC increased its position in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 7.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,353 shares of the company’s stock after acquiring an additional 948 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Advance Auto Parts were worth $2,050,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of AAP. FMR LLC raised its holdings in Advance Auto Parts by 287.6% during the 1st quarter. FMR LLC now owns 139,025 shares of the company’s stock worth $23,708,000 after purchasing an additional 103,160 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Advance Auto Parts by 11.1% in the 2nd quarter. SG Americas Securities LLC now owns 3,363 shares of the company’s stock valued at $479,000 after purchasing an additional 336 shares during the last quarter. Cerebellum GP LLC bought a new stake in shares of Advance Auto Parts during the second quarter worth approximately $81,000. Mn Services Vermogensbeheer B.V. acquired a new position in Advance Auto Parts in the second quarter valued at approximately $8,405,000. Finally, Wright Investors Service Inc. bought a new position in Advance Auto Parts in the second quarter valued at approximately $894,000. Institutional investors and hedge funds own 89.04% of the company’s stock.
A number of research firms have recently weighed in on AAP. Wedbush reissued an “outperform” rating and issued a $180.00 price target (up previously from $160.00) on shares of Advance Auto Parts in a research note on Wednesday, August 19th. Guggenheim upped their target price on shares of Advance Auto Parts from $158.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. BNP Paribas initiated coverage on shares of Advance Auto Parts in a research report on Monday, October 5th. They set an “underperform” rating and a $117.00 price target on the stock. Royal Bank of Canada upped their price objective on shares of Advance Auto Parts from $155.00 to $170.00 in a research report on Thursday, August 13th. Finally, Raymond James raised Advance Auto Parts from a “market perform” rating to an “outperform” rating and set a $175.00 price objective on the stock in a research note on Wednesday, October 21st. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $152.91.
Shares of NYSE:AAP opened at $144.33 on Friday. The company’s 50-day moving average price is $153.74 and its two-hundred day moving average price is $146.93. Advance Auto Parts, Inc. has a one year low of $71.33 and a one year high of $170.50. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.38 and a quick ratio of 0.45. The stock has a market capitalization of $9.79 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 1.36 and a beta of 1.41.
Advance Auto Parts (NYSE:AAP) last released its earnings results on Sunday, November 15th. The company reported $2.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.15. Advance Auto Parts had a return on equity of 15.75% and a net margin of 4.84%. The business had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.48 billion. During the same quarter in the previous year, the business earned $2.10 earnings per share. Advance Auto Parts’s quarterly revenue was up 9.9% on a year-over-year basis. On average, analysts anticipate that Advance Auto Parts, Inc. will post 8.61 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 4th. Shareholders of record on Friday, December 18th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Thursday, December 17th. Advance Auto Parts’s dividend payout ratio (DPR) is 12.21%.
Advance Auto Parts Company Profile
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.
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