Advance Auto Parts, Inc. $AAP Stock Holdings Raised by MAC Alpha Capital Management LP

Key Points

• MAC Alpha Capital Management increased its Advance Auto Parts stake by 126.9% in the second quarter, bringing its holdings to 56,788 shares valued at approximately $3.5 million. Institutional investors collectively own 88.7% of the company.
• Advance Auto Parts reported quarterly EPS of $1.03, exceeding the $0.81 consensus estimate, while revenue fell 0.5% year over year to about $2 billion. The stock opened at $42.58, near the lower end of its 52-week range.
• The company declared a quarterly dividend of $0.25, equivalent to an annualized yield of about 2.3%. Analysts maintain an overall “Hold” rating, with an average price target of $50.19 after several firms reduced their targets.

MAC Alpha Capital Management LP grew its stake in Advance Auto Parts, Inc. (NYSE:AAP - Free Report) by 126.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 56,788 shares of the company's stock after purchasing an additional 31,762 shares during the quarter. Advance Auto Parts makes up approximately 0.7% of MAC Alpha Capital Management LP's holdings, making the stock its 20th biggest holding. MAC Alpha Capital Management LP owned about 0.09% of Advance Auto Parts worth $3,534,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. PNC Financial Services Group Inc. increased its holdings in 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 during the last quarter. AlphaCore Capital LLC lifted its holdings in Advance Auto Parts by 53.6% during the 4th quarter. AlphaCore Capital LLC now owns 883 shares of the company's stock worth $35,000 after buying an additional 308 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in Advance Auto Parts by 4.7% during the 2nd quarter. Hsbc Holdings PLC now owns 7,879 shares of the company's stock worth $490,000 after buying an additional 355 shares during the last quarter. ProShare Advisors LLC grew its position in shares of Advance Auto Parts by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 11,673 shares of the company's stock worth $459,000 after acquiring an additional 362 shares in the last quarter. Finally, Allworth Financial LP acquired a new position in shares of Advance Auto Parts in the 2nd quarter worth approximately $25,000. Institutional investors own 88.70% of the company's stock.

Advance Auto Parts Stock Up 0.1%

Advance Auto Parts stock opened at $42.58 on Monday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.85 and a current ratio of 1.75. Advance Auto Parts, Inc. has a one year low of $37.89 and a one year high of $65.20. The company has a 50-day simple moving average of $50.29 and a 200-day simple moving average of $53.72. The firm has a market capitalization of $2.57 billion, a P/E ratio of 31.08, a P/E/G ratio of 0.68 and a beta of 1.01.

Advance Auto Parts (NYSE:AAP - Get Free Report) last issued its quarterly earnings data 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. Advance Auto Parts had a net margin of 0.97% and a return on equity of 9.84%. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same period last year, the firm posted $0.69 EPS. Advance Auto Parts'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. As a group, equities analysts expect that Advance Auto Parts, Inc. will post 2.98 earnings per share for the current year.

Advance Auto Parts Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Weiss Ratings reissued a "hold (c-)" rating on shares of Advance Auto Parts in a research report on Wednesday, August 26th. TD Cowen decreased their price objective on shares of Advance Auto Parts from $61.00 to $45.00 and set a "hold" rating for the company in a report on Thursday, August 20th. DA Davidson lowered their target price on shares of Advance Auto Parts from $58.00 to $48.00 and set a "neutral" rating for the company in a research note on Friday, August 21st. Citigroup dropped their target price on shares of Advance Auto Parts from $57.00 to $45.00 and set a "neutral" rating on the stock in a report on Friday, August 21st. Finally, The Goldman Sachs Group set a $49.00 price target on shares of Advance Auto Parts in a research report on Friday, August 21st. Two research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Advance Auto Parts presently has an average rating of "Hold" and an average target price of $50.19.

Advance Auto Parts Company Profile

Advance Auto Parts, Inc NYSE: AAP is an automotive aftermarket parts provider serving do-it-yourself customers, professional repair shops and commercial customers. The company sells replacement parts, accessories, maintenance items, batteries, engine components, tools and other products used to maintain and repair cars, trucks and other vehicles.

Advance Auto Parts serves customers through a network of retail stores, distribution centers and online channels. Its operations include the Advance Auto Parts and Carquest brands, with products available through company-operated locations, independently operated Carquest stores and commercial delivery programs for professional customers.

The company's business primarily covers the United States, with additional operations and customer service in Canada and certain U.S.

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