Advance Auto Parts, Inc. $AAP Stake Raised by Maple Rock Capital Partners Inc.

Key Points

• Maple Rock Capital Partners increased its Advance Auto Parts stake by 86.5% in the second quarter, owning 2.42 million shares valued at approximately $150.6 million, or 4.01% of the company.
• Analysts maintain a broadly cautious outlook, with a consensus “Hold” rating and a $50.19 price target; 18 analysts rate the stock Hold, compared with two Buys and one Sell.
• Advance Auto Parts beat quarterly earnings expectations with $1.03 EPS versus $0.81 expected, although revenue declined 0.5% year over year. The company also declared a quarterly dividend of $0.25, representing a 2.4% annualized yield.

Maple Rock Capital Partners Inc. increased its holdings in shares of Advance Auto Parts, Inc. (NYSE:AAP - Free Report) by 86.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,421,040 shares of the company's stock after acquiring an additional 1,122,900 shares during the period. Advance Auto Parts makes up about 3.0% of Maple Rock Capital Partners Inc.'s portfolio, making the stock its 8th largest holding. Maple Rock Capital Partners Inc. owned 4.01% of Advance Auto Parts worth $150,637,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hsbc Holdings PLC boosted its position in Advance Auto Parts by 3.1% during the second quarter. Hsbc Holdings PLC now owns 6,306 shares of the company's stock worth $293,000 after purchasing an additional 191 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Advance Auto Parts by 9.9% in the first quarter. PNC Financial Services Group Inc. now owns 2,224 shares of the company's stock valued at $117,000 after buying an additional 200 shares in the last quarter. AlphaCore Capital LLC increased its position in shares of Advance Auto Parts by 53.6% in the fourth quarter. AlphaCore Capital LLC now owns 883 shares of the company's stock valued at $35,000 after buying an additional 308 shares in the last quarter. ProShare Advisors LLC boosted its stake in Advance Auto Parts by 3.2% during the 4th quarter. ProShare Advisors LLC now owns 11,673 shares of the company's stock worth $459,000 after purchasing an additional 362 shares during the last quarter. Finally, LPL Financial LLC grew its holdings in shares of Advance Auto Parts by 2.0% during the fourth quarter. LPL Financial LLC now owns 19,410 shares of the company's stock worth $763,000 after buying an additional 380 shares in the last quarter. Hedge funds and other institutional investors own 88.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AAP shares. BMO Capital Markets reissued a "market perform" rating on shares of Advance Auto Parts in a research note on Friday, August 21st. Deutsche Bank Aktiengesellschaft raised shares of Advance Auto Parts to a "buy" rating in a research note on Friday, May 22nd. Mizuho raised their target price on shares of Advance Auto Parts from $54.00 to $58.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 26th. JPMorgan Chase & Co. lowered their target price on Advance Auto Parts from $65.00 to $55.00 and set a "neutral" rating on the stock in a report on Friday, August 21st. Finally, UBS Group dropped their price target on Advance Auto Parts from $65.00 to $47.00 and set a "neutral" rating for the company in a research report on Friday, August 21st. Two equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $50.19.

Advance Auto Parts Price Performance

Shares of AAP stock opened at $42.18 on Tuesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.75 and a quick ratio of 0.85. The firm's 50-day moving average is $54.67 and its two-hundred day moving average is $54.93. Advance Auto Parts, Inc. has a 12 month low of $37.89 and a 12 month high of $65.21. The company has a market capitalization of $2.55 billion, a PE ratio of 30.79, a price-to-earnings-growth ratio of 0.69 and a beta of 1.03.

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

Advance Auto Parts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Friday, October 9th will be given a $0.25 dividend. The ex-dividend date is Friday, October 9th. This represents a $1.00 dividend on an annualized basis and a yield of 2.4%. Advance Auto Parts's payout ratio is currently 72.99%.

About Advance Auto Parts

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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