SPX Gestao de Recursos Ltda purchased a new position in Advance Auto Parts, Inc. (NYSE: AAP – Get Rating) in the third quarter, according to a recent disclosure to the Securities and Exchange Commission. The company purchased 37,919 shares of the company stock worth approximately $5,928,000. SPX Gestao de Recursos Ltda owned his 0.06% stake in Advance Auto Parts as of the latest filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently changed their AAP holdings. Vanguard Group Inc. increased its stake in Advance Auto Parts by 3.9% in the first quarter. Vanguard Group Inc. now owns 6,970,480 shares worth $1,442,611,000 after he acquired an additional 261,715 shares last quarter. Clearbridge Investments LLC increased his position in Advance Auto Parts stock by 3.6% in the first quarter. He now owns 3,313,689 shares of Clearbridge Investments LLC, worth $685.8 million, after acquiring an additional 114,789 shares in the previous quarter. JPMorgan Chase & Co. increased its Advanced Auto Parts holdings by 22.4% in the second quarter. JPMorgan Chase & Co. now owns 2,636,189 shares worth $456,297,000 after purchasing an additional 482,858 shares in the previous quarter. Invesco Ltd. increased its position in Advance Auto Parts shares by 10.8% in the first quarter. Invesco Ltd. now owns 1,018,797 shares of the company worth $210.85 million after purchasing an additional 99,400 of his shares during the previous quarter. Finally, Ceredex Value Advisors LLC increased its position in Advance Auto Parts stock by 196.5% in the second quarter. Ceredex Value Advisors LLC now owns 635,030 shares worth $110,848,000 after purchasing an additional 420,878 shares in the previous quarter. Currently 96.04% of the shares are owned by institutional investors and hedge funds.
Advance auto parts price performance
NYSE:AAP shares fell $0.59 in intraday trading on Friday to reach $151.60. The stock had a trading volume of 10,027 shares and an average trading volume of 833,412 shares. His 50-day moving average price for this business is $153.37 and his 200-day moving average price is $170.93. The company has a current ratio of 1.13, a quick ratio of 0.23 and a debt to equity ratio of 0.44. Advance Auto Parts, Inc. has a one-year low of $138.52 and a one-year high of $244.20. The company has a market capitalization of $9.11 billion, a P/E ratio of 19.56, a P/E ratio of 0.91, and a beta of 1.15.
Advance Auto Parts (NYSE:AAP – Get Rating) last released its quarterly earnings data on Tuesday, November 15. The company reported his earnings per share (EPS) of $2.84 for the quarter, well below consensus expectations of his $3.32 ($0.48). Advance Auto Parts’ return on equity was 25.97% and net profit margin was 4.30%. The company made $2.64 billion in revenue during the quarter, compared to consensus expectations of $2.66 billion. A research analyst expects Advance Auto Parts, Inc. to post his 12.6 EPS for the current fiscal year.
Announcement of Advance Auto Parts Dividend
The company recently announced a quarterly dividend, which was paid on Tuesday, January 3rd. Shareholders of record on Friday, Dec. 16 were issued his $1.50 per share dividend. The ex-dividend date was Thursday, December 15. This represents his $6.00 dividend and his 3.96% yield on an annual basis. Advance Auto Parts’ current payout ratio is 77.12%.
Wall Street Analyst Predicts Growth
Several equity analysts recently published reports on AAP stock. UBS Group downgraded Advance Auto Parts’ stock from a ‘buy’ rating to a ‘neutral’ rating and lowered its share price target from his $230.00 to his $182.00 in a research note on Wednesday, Nov. 16. . Stephens lowered his price target on Advance Auto Parts stock from his $196.00 to $164.00 in a report on Monday, Nov. 21, giving the stock an “equal-weighted” rating. Morgan Stanley lowered its price target on Advance Auto Parts stock from $205.00 to $165.00 and gave the stock an “equal-weighted” rating in a report on Thursday, Nov. 17. Truist Financial downgraded Advance Auto Parts’ stock from a ‘buy’ rating to a ‘hold’ rating and lowered its price target to $147.00 from $228.00 in a research report on Wednesday, November 16. Finally, Citigroup downgraded Advance Auto Parts’ stock from a ‘buy’ rating to a ‘neutral’ rating and lowered the company’s price target from $216.00 to $161.00 in its research report on Thursday, Nov. 17. . Ten investment analysts rated the stock with a hold rating, three assigned a buy rating, and one issued a strong buy rating to the company. According to MarketBeat data, Advance Auto Parts’ current consensus rating is “pending” with an average price target of $190.00.
Advance Auto Parts Company Profile
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Advance Auto Parts, Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and import vehicles, vans, sport utility vehicles, light and heavy duty trucks. The company offers battery accessories. belts and hoses; brakes and brake pads; chassis and climate control parts. Clutches and Driveshafts; Engines and Engine Parts; Exhaust Systems and Parts; Hub Assemblies; Ignition Parts and Wires;
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