33,988 Shares in Advance Auto Parts, Inc. (NYSE:AAP) Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP bought a new stake in shares of Advance Auto Parts, Inc. (NYSE:AAP - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 33,988 shares of the company's stock, valued at approximately $1,607,000. Quantinno Capital Management LP owned approximately 0.06% of Advance Auto Parts as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Allworth Financial LP increased its position in Advance Auto Parts by 1,543.4% during the 4th quarter. Allworth Financial LP now owns 871 shares of the company's stock valued at $40,000 after buying an additional 818 shares in the last quarter. Vision Financial Markets LLC purchased a new stake in shares of Advance Auto Parts in the fourth quarter worth $42,000. Advisory Services Network LLC bought a new position in shares of Advance Auto Parts during the fourth quarter valued at $46,000. Blue Trust Inc. raised its position in shares of Advance Auto Parts by 38.9% in the 4th quarter. Blue Trust Inc. now owns 1,674 shares of the company's stock worth $79,000 after purchasing an additional 469 shares during the last quarter. Finally, KBC Group NV grew its position in Advance Auto Parts by 51.6% during the 4th quarter. KBC Group NV now owns 2,651 shares of the company's stock valued at $125,000 after purchasing an additional 902 shares during the last quarter. 88.75% of the stock is currently owned by hedge funds and other institutional investors.

Advance Auto Parts Price Performance

Shares of NYSE:AAP opened at $31.36 on Thursday. The company has a quick ratio of 0.62, a current ratio of 1.34 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $1.88 billion, a PE ratio of 42.96, a price-to-earnings-growth ratio of 1.98 and a beta of 0.93. The firm's 50 day moving average price is $34.17 and its 200-day moving average price is $40.22. Advance Auto Parts, Inc. has a twelve month low of $28.89 and a twelve month high of $71.62.

Insider Activity at Advance Auto Parts

In related news, CEO Shane M. Okelly acquired 1,500 shares of the stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average cost of $36.79 per share, with a total value of $55,185.00. Following the transaction, the chief executive officer now directly owns 183,121 shares in the company, valued at approximately $6,737,021.59. This represents a 0.83% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Eugene I. Lee, Jr. bought 14,640 shares of Advance Auto Parts stock in a transaction that occurred 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 completion of the acquisition, the director now directly owns 34,070 shares in the company, valued at $1,163,490.50. This represents a 75.35% increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Truist Financial dropped their target price on shares of Advance Auto Parts from $39.00 to $34.00 and set a "hold" rating on the stock in a research note on Thursday, February 27th. Citigroup lowered their price objective 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. Wedbush reiterated an "outperform" rating and set a $55.00 target price on shares of Advance Auto Parts in a research note on Monday, March 3rd. Royal Bank of Canada decreased their price target on Advance Auto Parts from $50.00 to $44.00 and set a "sector perform" rating for the company in a research note on Thursday, February 27th. Finally, Wells Fargo & Company reduced their price objective on Advance Auto Parts from $40.00 to $35.00 and set an "equal weight" rating for the company in a report on Monday. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $44.50.

Advance Auto Parts Company 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.

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