The Czech National Bank acquired a new stake 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 fund acquired 7,047 shares of the company stock valued at approximately $1,102,000.
Many other institutional investors have also increased or decreased their stakes in AAP recently. Private Advisor Group LLC acquired new shares of Advance Auto Parts valued at approximately $232,000 in the first quarter. MetLife Investment Management LLC increased his position in Advance Auto Parts stock by 21.9% in the first quarter. MetLife Investment Management LLC now owns 16,965 shares worth $3,511,000 after acquiring an additional 3,046 shares during this period. Pennsylvania Public Schools employee Retrmt SYS increased his position in Advance Auto Parts stock by 5.5% in the first quarter. Pennsylvania Public Schools employee Retrmt SYS now owns 8,343 shares of the company worth $1,727,000 after acquiring an additional 435 shares during this period. Cibc World Market Inc. increased its position in Advance Auto Parts shares by 120.6% in the first quarter. Cibc World Market Inc. now owns 11,593 shares worth $2,399,000 after acquiring an additional 6,338 shares during this period. Finally, Blair William & Co. IL increased its position in Advance Auto Parts shares by 14.4% in the first quarter. Blair William & Co. IL now owns 4,620 shares worth $956,000 after acquiring an additional 582 shares during this period. Hedge funds and other institutional investors own 96.04% of the company’s shares.
Analyst sets new price target
AAP has been the subject of many research reports. Argus lowered his price target on Advance Auto Parts stock to $185.00 from his $220.00 in a research report on Monday, Dec. 5. StockNews.com downgraded Advance Auto Parts from ‘buy’ to ‘pending’ in a research report on Wednesday, December 21st. Royal Bank of Canada lowered its price target for Advance Auto Parts from $199.00 to $165.00 in a research report on Thursday, November 17, setting a ‘sector performance’ rating for the company. In a research report on Monday, Nov. 21, Stevens lowered his price target for Advance Auto Parts from $196.00 to $164.00, setting an “equal weight” rating on the company. Finally, Raymond James lowered his Advance Auto Parts target price from his $210.00 to his $200.00, setting a “strong buy” rating for the company in a research report on Thursday, Nov. 17. Ten equity research analysts rated the stock with a hold rating, three with a buy rating, and one with a strong buy rating. According to MarketBeat.com, the current consensus rating for the stock is “Hold” with a consensus target price of $190.00.
Advance Auto Parts inventory decreased by 0.8%
AAP shares opened at $151.03 on Friday. The stock has a market cap of $9.08 billion, a P/E ratio of 19.41, a PEG ratio of 0.90 and a beta of 1.15. The company has an equity ratio of 0.44, a quick ratio of 0.23 and a current ratio of 1.13. Advance Auto Parts, Inc. has a one-year low of $138.52 and a one-year high of $242.96. The company has a 50-day moving average price of $152.77 and a 200-day moving average price of $170.65.
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 had a net profit margin of 4.30% and a return on equity of 25.97%. The company’s revenue for the quarter was $2.64 billion, compared to analysts’ expectations of $2.66 billion. As a group, sell-side analysts expect Advance Auto Parts, Inc. to post 12.59 EPS this year.
Announcement of Advance Auto Parts Dividend
The business recently announced its quarterly dividend, which was paid on Tuesday, January 3rd. Dividends of $1.50 per share were paid to shareholders of record on Friday, December 16. The ex-dividend date was Thursday, December 15. This represents his $6.00 dividend and his 3.97% dividend yield on an annualized basis. Advance Auto Parts’ current payout ratio is 77.12%.
About Advanced Auto Parts
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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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