AMG National Trust Bank cut its holdings in shares of Advance Auto Parts, Inc. (NYSE:AAP - Free Report) by 38.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 34,930 shares of the company's stock after selling 21,831 shares during the period. AMG National Trust Bank owned approximately 0.06% of Advance Auto Parts worth $1,373,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of AAP. Salomon & Ludwin LLC acquired a new stake in shares of Advance Auto Parts during the 3rd quarter valued at about $26,000. Caitong International Asset Management Co. Ltd purchased a new position in Advance Auto Parts in the 3rd quarter valued at about $31,000. AlphaCore Capital LLC lifted its stake in Advance Auto Parts by 6,288.9% in the 3rd quarter. AlphaCore Capital LLC now owns 575 shares of the company's stock valued at $35,000 after buying an additional 566 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in Advance Auto Parts by 290.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 925 shares of the company's stock valued at $43,000 after buying an additional 688 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Advance Auto Parts by 198.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 751 shares of the company's stock valued at $46,000 after buying an additional 499 shares in the last quarter. 88.70% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the stock. DA Davidson set a $58.00 price target on shares of Advance Auto Parts in a research note on Tuesday, February 17th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Advance Auto Parts in a research note on Wednesday, January 21st. TD Cowen reaffirmed a "hold" rating on shares of Advance Auto Parts in a research note on Tuesday, February 17th. Truist Financial raised their price target on shares of Advance Auto Parts from $48.00 to $57.00 and gave the company a "hold" rating in a research note on Tuesday, February 17th. Finally, Wells Fargo & Company raised their price target on shares of Advance Auto Parts from $40.00 to $50.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 11th. Two research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Reduce" and an average target price of $52.93.
Read Our Latest Stock Report on Advance Auto Parts
Advance Auto Parts Stock Down 1.4%
Advance Auto Parts stock opened at $55.79 on Thursday. Advance Auto Parts, Inc. has a fifty-two week low of $30.84 and a fifty-two week high of $70.00. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.87 and a current ratio of 1.75. The firm has a 50 day moving average price of $53.60 and a 200 day moving average price of $50.45. The company has a market capitalization of $3.37 billion, a PE ratio of 76.43, a price-to-earnings-growth ratio of 1.02 and a beta of 1.04.
Advance Auto Parts (NYSE:AAP - Get Free Report) last posted its earnings results on Friday, February 13th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.45. Advance Auto Parts had a net margin of 0.51% and a return on equity of 6.23%. The firm had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter last year, the firm earned ($10.16) EPS. The firm's revenue for the quarter was down 1.2% on a year-over-year basis. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.10 EPS. Research analysts expect that Advance Auto Parts, Inc. will post 2.74 earnings per share for the current year.
Advance Auto Parts Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Friday, April 10th were paid a $0.25 dividend. The ex-dividend date was Friday, April 10th. This represents a $1.00 annualized dividend and a dividend yield of 1.8%. Advance Auto Parts's payout ratio is 136.99%.
About Advance Auto Parts
(
Free Report)
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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