9,740 Shares in Advance Auto Parts, Inc. $AAP Acquired by Fox Run Management L.L.C.

Key Points

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Fox Run Management L.L.C. acquired a new position in shares of Advance Auto Parts, Inc. (NYSE:AAP - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 9,740 shares of the company's stock, valued at approximately $382,000.

A number of other large investors have also modified their holdings of the stock. AMG National Trust Bank raised its position in shares of Advance Auto Parts by 38.1% in the 1st quarter. AMG National Trust Bank now owns 43,615 shares of the company's stock valued at $1,710,000 after purchasing an additional 12,040 shares in the last quarter. Janney Montgomery Scott LLC increased its position in Advance Auto Parts by 455.0% in the first quarter. Janney Montgomery Scott LLC now owns 58,790 shares of the company's stock worth $2,305,000 after buying an additional 48,198 shares during the period. Invenomic Capital Management LP boosted its stake in Advance Auto Parts by 83.9% during the 4th quarter. Invenomic Capital Management LP now owns 157,644 shares of the company's stock valued at $7,455,000 after purchasing an additional 71,928 shares during the period. Principal Financial Group Inc. grew its holdings in Advance Auto Parts by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 294,537 shares of the company's stock worth $11,549,000 after buying an additional 6,805 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Advance Auto Parts by 12,026.5% during the first quarter. GAMMA Investing LLC now owns 190,992 shares of the company's stock valued at $7,489,000 after purchasing an additional 189,417 shares during the period. Institutional investors and hedge funds own 88.70% of the company's stock.

Insiders Place Their Bets

In other Advance Auto Parts news, SVP Jason Hand sold 948 shares of Advance Auto Parts stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $48.52, for a total transaction of $45,996.96. Following the transaction, the senior vice president directly owned 9,876 shares in the company, valued at approximately $479,183.52. The trade was a 8.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.67% of the company's stock.

Wall Street Analyst Weigh In

AAP has been the subject of several research analyst reports. Raymond James Financial upped their price objective on Advance Auto Parts to $49.17 and gave the company a "hold" rating in a report on Monday, May 26th. UBS Group set a $65.00 target price on Advance Auto Parts and gave the company a "neutral" rating in a report on Tuesday, August 12th. Wall Street Zen raised shares of Advance Auto Parts from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. Cowen reaffirmed a "hold" rating on shares of Advance Auto Parts in a research note on Friday, May 23rd. Finally, Morgan Stanley lifted their price objective on shares of Advance Auto Parts from $48.00 to $55.00 and gave the company an "equal weight" rating in a research note on Friday, August 15th. One analyst has rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Advance Auto Parts has an average rating of "Reduce" and a consensus target price of $50.80.

Advance Auto Parts Price Performance

Advance Auto Parts stock traded up $2.2650 during mid-day trading on Friday, hitting $57.8650. 1,314,515 shares of the company were exchanged, compared to its average volume of 2,191,322. The business has a fifty day moving average of $55.69 and a 200 day moving average of $44.90. The company has a quick ratio of 0.49, a current ratio of 1.27 and a debt-to-equity ratio of 0.68. Advance Auto Parts, Inc. has a 1-year low of $28.89 and a 1-year high of $70.00. The company has a market capitalization of $3.47 billion, a PE ratio of -9.08 and a beta of 1.05.

Advance Auto Parts (NYSE:AAP - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.10. Advance Auto Parts had a negative return on equity of 1.97% and a negative net margin of 4.37%.The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the previous year, the company posted $0.75 EPS. The business's revenue for the quarter was down 7.7% compared to the same quarter last year. Advance Auto Parts has set its FY 2025 guidance at 1.200-2.20 EPS. As a group, sell-side analysts expect that Advance Auto Parts, Inc. will post -0.46 earnings per share for the current year.

Advance Auto Parts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 10th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.7%. Advance Auto Parts's dividend payout ratio is -15.70%.

About Advance Auto Parts

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.