Mutual Advisors LLC Decreases Stake in Advance Auto Parts, Inc. $AAP

Key Points

• Mutual Advisors LLC cut its stake in Advance Auto Parts by 30.7%, selling 7,593 shares and holding 17,122 shares worth approximately $796,000 at the end of the second quarter.
• Several institutional investors, including Bayforest Capital Ltd and Yousif Capital Management LLC, have increased their holdings in Advance Auto Parts, with the overall hedge fund ownership reaching 88.70%.
• Analysts have mixed ratings on Advance Auto Parts, with a consensus rating of "Reduce" and a target price of $52.67 despite some firms raising their price targets for the stock.

Mutual Advisors LLC reduced its position in Advance Auto Parts, Inc. (NYSE:AAP - Free Report) by 30.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,122 shares of the company's stock after selling 7,593 shares during the period. Mutual Advisors LLC's holdings in Advance Auto Parts were worth $796,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bayforest Capital Ltd boosted its position in Advance Auto Parts by 1,826.6% in the 2nd quarter. Bayforest Capital Ltd now owns 10,866 shares of the company's stock valued at $505,000 after buying an additional 10,302 shares during the last quarter. Yousif Capital Management LLC lifted its position in shares of Advance Auto Parts by 1.8% during the second quarter. Yousif Capital Management LLC now owns 26,470 shares of the company's stock worth $1,231,000 after purchasing an additional 476 shares during the last quarter. Pzena Investment Management LLC lifted its position in shares of Advance Auto Parts by 1.9% during the second quarter. Pzena Investment Management LLC now owns 4,394,964 shares of the company's stock worth $204,322,000 after purchasing an additional 82,456 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Advance Auto Parts by 15.3% during the second quarter. Blue Trust Inc. now owns 3,278 shares of the company's stock worth $152,000 after purchasing an additional 436 shares during the last quarter. Finally, McElhenny Sheffield Capital Management LLC bought a new position in shares of Advance Auto Parts during the second quarter worth about $371,000. 88.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on AAP shares. Mizuho increased their price target on shares of Advance Auto Parts from $44.00 to $54.00 and gave the stock a "neutral" rating in a research report on Friday, August 29th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Advance Auto Parts in a research report on Wednesday, October 8th. Wells Fargo & Company increased their price target on shares of Advance Auto Parts from $45.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Friday, August 15th. Citigroup set a $60.00 price target on shares of Advance Auto Parts in a research report on Thursday, August 14th. Finally, UBS Group set a $65.00 target price on shares of Advance Auto Parts and gave the stock a "neutral" rating in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Buy rating, eighteen have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus target price of $52.67.

Advance Auto Parts Price Performance

Shares of NYSE:AAP opened at $53.78 on Friday. The firm's 50 day moving average is $58.81 and its two-hundred day moving average is $50.12. Advance Auto Parts, Inc. has a 52 week low of $28.89 and a 52 week high of $70.00. The firm has a market capitalization of $3.23 billion, a P/E ratio of -8.44 and a beta of 1.08. The company has a current ratio of 1.27, a quick ratio of 0.49 and a debt-to-equity ratio of 0.68.

Advance Auto Parts (NYSE:AAP - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported ($0.22) EPS for the quarter. Advance Auto Parts had a negative net margin of 4.37% and a negative return on equity of 1.97%. The firm had revenue of $2.58 billion during the quarter. Advance Auto Parts has set its Q2 2025 guidance at EPS. Analysts anticipate that Advance Auto Parts, Inc. will post -0.46 earnings per share for the current year.

Advance Auto Parts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 10th will be paid a $0.25 dividend. The ex-dividend date is Friday, October 10th. This represents a $1.00 annualized dividend and a dividend yield of 1.9%. Advance Auto Parts's dividend payout ratio (DPR) is presently -15.70%.

Advance Auto Parts Company Profile

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.

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