Fund 1 Investments LLC Acquires New Position in Advance Auto Parts, Inc. $AAP

Key Points

• Fund 1 Investments LLC acquired 208,924 shares of Advance Auto Parts in the second quarter, worth approximately $13 million and representing 0.35% of the company. Institutional investors collectively own 88.7% of AAP.
• Advance Auto Parts reported quarterly EPS of $1.03, exceeding the $0.81 consensus estimate, although revenue fell 0.5% year over year to $2 billion. The company maintained fiscal 2026 EPS guidance of $2.60–$3.30.
• AAP shares opened at $44.12, below the analyst consensus target of $50.80, while the stock carries a consensus “Hold” rating. The company also declared a quarterly dividend of $0.25, equal to a 2.3% annualized yield.

Fund 1 Investments LLC bought a new position in Advance Auto Parts, Inc. (NYSE:AAP - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm bought 208,924 shares of the company's stock, valued at approximately $12,999,000. Advance Auto Parts makes up 2.2% of Fund 1 Investments LLC's investment portfolio, making the stock its 15th largest position. Fund 1 Investments LLC owned 0.35% of Advance Auto Parts as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Advance Auto Parts in the second quarter valued at approximately $581,909,000. Price T Rowe Associates Inc. MD raised its position in Advance Auto Parts by 18.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,474,546 shares of the company's stock worth $293,751,000 after buying an additional 1,190,094 shares during the last quarter. Pzena Investment Management LLC purchased a new position in Advance Auto Parts during the 2nd quarter worth approximately $273,115,000. Federated Hermes Inc. lifted its stake in Advance Auto Parts by 4.4% during the 4th quarter. Federated Hermes Inc. now owns 2,811,675 shares of the company's stock valued at $110,499,000 after acquiring an additional 117,648 shares during the period. Finally, State Street Corp lifted its stake in Advance Auto Parts by 3.9% during the 4th quarter. State Street Corp now owns 2,499,981 shares of the company's stock valued at $98,249,000 after acquiring an additional 92,861 shares during the period. Hedge funds and other institutional investors own 88.70% of the company's stock.

Advance Auto Parts Stock Up 1.1%

Shares of NYSE AAP opened at $44.12 on Thursday. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 32.20, a price-to-earnings-growth ratio of 0.70 and a beta of 1.03. The company's 50-day simple moving average is $55.61 and its 200-day simple moving average is $55.20. The company has a quick ratio of 0.85, a current ratio of 1.75 and a debt-to-equity ratio of 1.50. Advance Auto Parts, Inc. has a 52-week low of $37.89 and a 52-week high of $65.21.

Advance Auto Parts (NYSE:AAP - Get Free Report) last released its quarterly earnings results on Thursday, August 20th. The company reported $1.03 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the prior year, the firm earned $0.69 EPS. The company's revenue for the quarter was down .5% on a year-over-year basis. Advance Auto Parts has set its FY 2026 guidance at 2.600-3.300 EPS. Equities analysts predict that Advance Auto Parts, Inc. will post 2.97 EPS for the current fiscal year.

Advance Auto Parts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Friday, October 9th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, October 9th. Advance Auto Parts's dividend payout ratio (DPR) is 72.99%.

Wall Street Analyst Weigh In

AAP has been the topic of several analyst reports. Truist Financial set a $43.00 target price on Advance Auto Parts and gave the stock a "hold" rating in a report on Thursday, August 20th. Deutsche Bank Aktiengesellschaft upgraded Advance Auto Parts to a "buy" rating in a research report on Friday, May 22nd. Royal Bank Of Canada dropped their price objective on shares of Advance Auto Parts from $67.00 to $52.00 and set a "sector perform" rating on the stock in a research note on Friday, August 21st. Evercore set a $65.00 target price on shares of Advance Auto Parts in a report on Tuesday, August 4th. Finally, Mizuho boosted their target price on shares of Advance Auto Parts from $54.00 to $58.00 and gave the company a "neutral" rating in a research note on Tuesday, May 26th. Two equities research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $50.80.

Advance Auto Parts Profile

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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