First Trust Advisors LP Invests $2.26 Million in Advance Auto Parts, Inc. $AAP

Key Points

• First Trust Advisors LP initiated a 42,916-share position in Advance Auto Parts valued at approximately $2.26 million, while institutional investors collectively own 88.7% of the company.
• Analysts remain broadly cautious, with 17 Hold ratings, two Buys and one Sell; the stock has an average price target of $58.97 versus its recent $57.83 price.
• Advance Auto Parts beat quarterly expectations with $0.77 EPS on $2.61 billion in revenue, while maintaining fiscal 2026 EPS guidance of $2.40–$3.10 and paying a quarterly dividend of $0.25.

First Trust Advisors LP bought a new position in shares of Advance Auto Parts, Inc. (NYSE:AAP - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 42,916 shares of the company's stock, valued at approximately $2,264,000. First Trust Advisors LP owned 0.07% of Advance Auto Parts as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Hsbc Holdings PLC boosted its stake in shares of Advance Auto Parts by 3.1% during the 2nd quarter. Hsbc Holdings PLC now owns 6,306 shares of the company's stock worth $293,000 after acquiring an additional 191 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Advance Auto Parts by 9.9% during the first quarter. PNC Financial Services Group Inc. now owns 2,224 shares of the company's stock worth $117,000 after purchasing an additional 200 shares during the last quarter. AlphaCore Capital LLC boosted its position in Advance Auto Parts by 53.6% during the fourth quarter. AlphaCore Capital LLC now owns 883 shares of the company's stock worth $35,000 after purchasing an additional 308 shares in the last quarter. ProShare Advisors LLC boosted its position in Advance Auto Parts by 3.2% during the fourth quarter. ProShare Advisors LLC now owns 11,673 shares of the company's stock worth $459,000 after purchasing an additional 362 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in Advance Auto Parts by 1.2% in the fourth quarter. State of Alaska Department of Revenue now owns 30,554 shares of the company's stock valued at $1,200,000 after purchasing an additional 371 shares during the last quarter. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AAP shares. UBS Group lifted their price target on Advance Auto Parts from $60.00 to $65.00 and gave the stock a "neutral" rating in a research note on Friday, May 22nd. TD Cowen reiterated a "hold" rating on shares of Advance Auto Parts in a report on Friday, May 22nd. Citigroup boosted their price target on Advance Auto Parts from $57.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, May 22nd. Weiss Ratings raised Advance Auto Parts from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, May 29th. Finally, Royal Bank Of Canada lifted their price objective on Advance Auto Parts from $62.00 to $65.00 and gave the stock a "sector perform" rating in a research report on Friday, May 22nd. Two research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Advance Auto Parts has an average rating of "Hold" and an average target price of $58.97.

Advance Auto Parts Trading Down 0.2%

Shares of AAP stock opened at $57.83 on Friday. The firm has a market cap of $3.49 billion, a P/E ratio of 80.32, a PEG ratio of 0.95 and a beta of 1.03. The firm's 50-day simple moving average is $57.67 and its 200-day simple moving average is $54.88. Advance Auto Parts, Inc. has a 1-year low of $37.89 and a 1-year high of $65.21. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.78 and a quick ratio of 0.85.

Advance Auto Parts (NYSE:AAP - Get Free Report) last released its quarterly earnings data on Thursday, May 21st. The company reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.38. Advance Auto Parts had a return on equity of 8.95% and a net margin of 0.51%.The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the prior year, the firm posted $0.40 EPS. The business's revenue for the quarter was up 1.2% on a year-over-year basis. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS. As a group, equities analysts forecast that Advance Auto Parts, Inc. will post 2.94 EPS for the current year.

Advance Auto Parts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, July 10th. Advance Auto Parts's dividend payout ratio (DPR) is 138.89%.

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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