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XTX Topco Ltd Acquires Shares of 29,953 Advance Auto Parts, Inc. (NYSE:AAP)

Advance Auto Parts logo with Retail/Wholesale background

Key Points

  • XTX Topco Ltd acquired 29,953 shares of Advance Auto Parts, Inc. (NYSE:AAP) valued at approximately $1,174,000, representing 0.05% of the company's total shares.
  • The company's recent earnings report showed a loss of ($0.22) EPS, outperforming estimates and total revenue of $2.58 billion, which was above expectations despite a 24.2% decline year-over-year.
  • Advance Auto Parts announced a quarterly dividend of $0.25, with an annualized yield of 1.9% and a payout ratio of -17.04%.
  • Interested in Advance Auto Parts? Here are five stocks we like better.

XTX Topco Ltd bought a new position in Advance Auto Parts, Inc. (NYSE:AAP - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 29,953 shares of the company's stock, valued at approximately $1,174,000. XTX Topco Ltd owned 0.05% of Advance Auto Parts at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. Sei Investments Co. lifted its holdings in shares of Advance Auto Parts by 11.2% in the fourth quarter. Sei Investments Co. now owns 13,240 shares of the company's stock valued at $626,000 after purchasing an additional 1,335 shares in the last quarter. Norges Bank acquired a new stake in Advance Auto Parts in the 4th quarter valued at approximately $10,867,000. Franklin Resources Inc. bought a new stake in Advance Auto Parts in the 4th quarter valued at approximately $960,000. Geode Capital Management LLC boosted its position in Advance Auto Parts by 13.0% during the 4th quarter. Geode Capital Management LLC now owns 938,231 shares of the company's stock worth $44,384,000 after acquiring an additional 108,226 shares during the last quarter. Finally, Landscape Capital Management L.L.C. boosted its position in Advance Auto Parts by 142.1% during the 4th quarter. Landscape Capital Management L.L.C. now owns 134,700 shares of the company's stock worth $6,370,000 after acquiring an additional 79,070 shares during the last quarter. Institutional investors own 88.75% of the company's stock.

Insider Buying and Selling at Advance Auto Parts

In related news, SVP Jason Hand sold 948 shares of Advance Auto Parts stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $48.52, for a total transaction of $45,996.96. Following the completion of the sale, the senior vice president directly owned 9,876 shares of the company's stock, valued at approximately $479,183.52. This trade represents a 8.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.67% of the company's stock.

Advance Auto Parts Stock Performance

Shares of NYSE:AAP traded down $0.41 on Friday, hitting $52.66. The company had a trading volume of 1,908,553 shares, compared to its average volume of 2,634,204. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of -8.97 and a beta of 1.05. The stock has a 50 day moving average price of $53.61 and a 200 day moving average price of $43.89. Advance Auto Parts, Inc. has a 1-year low of $28.89 and a 1-year high of $70.00. The company has a current ratio of 1.27, a quick ratio of 0.49 and a debt-to-equity ratio of 0.68.

Advance Auto Parts (NYSE:AAP - Get Free Report) last announced its earnings results on Thursday, May 22nd. The company reported ($0.22) EPS for the quarter, topping the consensus estimate of ($0.81) by $0.59. Advance Auto Parts had a negative net margin of 3.74% and a negative return on equity of 1.76%. The business had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter in the previous year, the firm posted $0.67 EPS. Advance Auto Parts's revenue was down 24.2% compared to the same quarter last year. Analysts expect that Advance Auto Parts, Inc. will post -0.46 EPS for the current year.

Advance Auto Parts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, July 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.9%. Advance Auto Parts's dividend payout ratio (DPR) is -17.04%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on AAP shares. Citigroup boosted their price objective on shares of Advance Auto Parts from $49.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Bank of America boosted their price target on shares of Advance Auto Parts from $33.00 to $39.00 and gave the stock an "underperform" rating in a research report on Friday, May 23rd. Cowen restated a "hold" rating on shares of Advance Auto Parts in a research note on Friday, May 23rd. Redburn Atlantic raised Advance Auto Parts from a "sell" rating to a "neutral" rating and lifted their target price for the company from $28.00 to $45.00 in a research report on Tuesday, June 3rd. Finally, Redburn Partners upgraded Advance Auto Parts from a "sell" rating to a "neutral" rating and set a $45.00 target price on the stock in a report on Tuesday, June 3rd. Three analysts have rated the stock with a sell rating, nineteen have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $48.53.

Check Out Our Latest Report on AAP

About Advance Auto Parts

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Advance Auto Parts (NYSE:AAP)

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