155,880 Shares in Advance Auto Parts, Inc. $AAP Purchased by Legal & General Group Plc

Key Points

• Legal & General Group Plc purchased 155,880 shares of Advance Auto Parts in the second quarter, valued at approximately $9.7 million, giving it a 0.26% stake. Institutional investors collectively own 88.70% of the company.
• Advance Auto Parts beat quarterly earnings expectations with EPS of $1.03 versus the $0.81 consensus estimate, although revenue declined 0.5% year over year to $2 billion. The company issued fiscal 2026 EPS guidance of $2.60–$3.30.
• The stock recently traded at $42.72, while analysts maintain a consensus “Hold” rating with an average price target of $50.19. The company also declared a quarterly dividend of $0.25 per share, representing a 2.3% yield.

Legal & General Group Plc bought a new position in shares of Advance Auto Parts, Inc. (NYSE:AAP - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 155,880 shares of the company's stock, valued at approximately $9,699,000. Legal & General Group Plc owned about 0.26% of Advance Auto Parts at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Advance Auto Parts during the second quarter worth $581,909,000. Price T Rowe Associates Inc. MD increased its stake in shares of Advance Auto Parts by 18.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,474,546 shares of the company's stock worth $293,751,000 after acquiring an additional 1,190,094 shares during the last quarter. Pzena Investment Management LLC acquired a new stake in shares of Advance Auto Parts in the 2nd quarter worth $273,115,000. Federated Hermes Inc. raised its holdings in shares of Advance Auto Parts by 4.4% during the 4th quarter. Federated Hermes Inc. now owns 2,811,675 shares of the company's stock worth $110,499,000 after acquiring an additional 117,648 shares during the period. Finally, State Street Corp raised its holdings in shares of Advance Auto Parts by 3.9% during the 4th quarter. State Street Corp now owns 2,499,981 shares of the company's stock worth $98,249,000 after acquiring an additional 92,861 shares during the period. Institutional investors and hedge funds own 88.70% of the company's stock.

Advance Auto Parts Price Performance

Advance Auto Parts stock opened at $42.72 on Wednesday. The firm has a market cap of $2.58 billion, a PE ratio of 31.18, a price-to-earnings-growth ratio of 0.68 and a beta of 1.01. Advance Auto Parts, Inc. has a 52-week low of $37.89 and a 52-week high of $65.21. The company has a quick ratio of 0.85, a current ratio of 1.75 and a debt-to-equity ratio of 1.50. The company's 50 day moving average is $54.43 and its two-hundred day moving average is $54.81.

Advance Auto Parts (NYSE:AAP - Get Free Report) last posted its quarterly earnings results on Thursday, August 20th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.81 by $0.22. Advance Auto Parts had a net margin of 0.97% and a return on equity of 9.84%. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the previous year, the firm posted $0.69 earnings per share. The company's quarterly revenue was down .5% compared to the same quarter last year. Advance Auto Parts has set its FY 2026 guidance at 2.600-3.300 EPS. On average, research analysts expect that Advance Auto Parts, Inc. will post 2.97 EPS for the current fiscal year.

Advance Auto Parts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 23rd. Investors of record on Friday, October 9th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, October 9th. Advance Auto Parts's payout ratio is presently 72.99%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group set a $49.00 price objective on shares of Advance Auto Parts in a report on Friday, August 21st. Barclays dropped their price target on shares of Advance Auto Parts from $59.00 to $50.00 and set an "equal weight" rating for the company in a research note on Friday, August 21st. Guggenheim restated a "neutral" rating on shares of Advance Auto Parts in a report on Friday, August 21st. Truist Financial set a $43.00 price target on shares of Advance Auto Parts and gave the company a "hold" rating in a research report on Thursday, August 20th. Finally, Evercore set a $65.00 price objective on Advance Auto Parts in a report on Tuesday, August 4th. Two investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Advance Auto Parts currently has a consensus rating of "Hold" and an average price target of $50.19.

Advance Auto Parts Profile

Advance Auto Parts, Inc NYSE: AAP is a leading distributor of automotive aftermarket parts, accessories, and maintenance items. The company operates a network of stores and distribution centers across North America, serving both do-it-yourself (DIY) customers and professional service providers. Advance Auto Parts focuses on offering a comprehensive selection of replacement parts, batteries, engine components, and performance products for cars and light trucks.

The company's product portfolio includes engine oils and lubricants, cooling system components, brake and suspension parts, filters, belts, hoses, and diagnostic tools.

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