Capital International Inc. CA Takes Position in Advance Auto Parts, Inc. (NYSE:AAP)

Capital International Inc. CA acquired a new position in Advance Auto Parts, Inc. (NYSE:AAP - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,571 shares of the company's stock, valued at approximately $405,000.

Other large investors have also added to or reduced their stakes in the company. Cooper Creek Partners Management LLC bought a new stake in Advance Auto Parts during the 4th quarter worth about $75,055,000. Marshall Wace LLP raised its holdings in Advance Auto Parts by 2,585.1% during the fourth quarter. Marshall Wace LLP now owns 1,353,912 shares of the company's stock worth $64,026,000 after acquiring an additional 1,303,488 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in Advance Auto Parts by 2,662.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,293,205 shares of the company's stock worth $61,156,000 after acquiring an additional 1,246,384 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in Advance Auto Parts during the fourth quarter valued at approximately $34,586,000. Finally, Allianz Asset Management GmbH grew its stake in Advance Auto Parts by 244.7% in the fourth quarter. Allianz Asset Management GmbH now owns 740,234 shares of the company's stock valued at $35,006,000 after purchasing an additional 525,504 shares in the last quarter. Institutional investors and hedge funds own 88.75% of the company's stock.

Insider Activity at Advance Auto Parts

In related news, Director Eugene I. Lee, Jr. acquired 14,640 shares of the company's stock in a transaction on Thursday, March 6th. The stock was purchased at an average cost of $34.15 per share, with a total value of $499,956.00. Following the acquisition, the director now directly owns 34,070 shares of the company's stock, valued at approximately $1,163,490.50. The trade was a 75.35 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Shane M. Okelly bought 1,500 shares of Advance Auto Parts stock in a transaction dated Tuesday, March 11th. The shares were bought at an average cost of $36.79 per share, for a total transaction of $55,185.00. Following the completion of the acquisition, the chief executive officer now owns 183,121 shares in the company, valued at $6,737,021.59. This represents a 0.83 % increase in their position. The disclosure for this purchase can be found here. 0.35% of the stock is currently owned by corporate insiders.

Advance Auto Parts Stock Performance

Advance Auto Parts stock traded down $0.10 during midday trading on Friday, hitting $32.84. The company's stock had a trading volume of 1,288,154 shares, compared to its average volume of 2,226,128. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.34 and a quick ratio of 0.62. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 44.98, a PEG ratio of 1.98 and a beta of 1.07. Advance Auto Parts, Inc. has a 1-year low of $28.89 and a 1-year high of $77.49. The company has a 50-day moving average price of $36.22 and a two-hundred day moving average price of $40.85.

Advance Auto Parts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.05%. Advance Auto Parts's payout ratio is -17.86%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. BMO Capital Markets cut their price objective on Advance Auto Parts from $45.00 to $40.00 and set a "market perform" rating for the company in a report on Thursday, February 27th. Evercore ISI decreased their price objective on shares of Advance Auto Parts from $37.00 to $35.00 and set an "in-line" rating for the company in a research report on Tuesday, March 11th. Barclays lowered their price objective on shares of Advance Auto Parts from $66.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 9th. Wells Fargo & Company lifted their price target on Advance Auto Parts from $40.00 to $45.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th. Finally, Citigroup lowered their price target on Advance Auto Parts from $47.00 to $40.00 and set a "neutral" rating on the stock in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, Advance Auto Parts currently has a consensus rating of "Hold" and an average price target of $45.13.

Advance Auto Parts 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.