Advance Auto Parts, Inc. (NYSE:AAP) Stock Holdings Boosted by SG Americas Securities LLC

SG Americas Securities LLC lifted its stake in Advance Auto Parts, Inc. (NYSE:AAP - Free Report) by 132.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,981 shares of the company's stock after buying an additional 11,378 shares during the period. SG Americas Securities LLC's holdings in Advance Auto Parts were worth $783,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD boosted its position in shares of Advance Auto Parts by 34.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,685,541 shares of the company's stock worth $316,160,000 after buying an additional 1,706,328 shares during the period. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Advance Auto Parts by 11.2% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,449,554 shares of the company's stock worth $163,129,000 after acquiring an additional 347,587 shares in the last quarter. Pzena Investment Management LLC lifted its stake in shares of Advance Auto Parts by 12.5% in the fourth quarter. Pzena Investment Management LLC now owns 3,270,897 shares of the company's stock worth $154,681,000 after acquiring an additional 362,239 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Advance Auto Parts by 12.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,728,289 shares of the company's stock worth $129,016,000 after acquiring an additional 297,741 shares in the last quarter. Finally, Eminence Capital LP acquired a new position in shares of Advance Auto Parts in the fourth quarter worth about $87,214,000. Hedge funds and other institutional investors own 88.75% of the company's stock.

Insider Buying and Selling

In related news, SVP Jason Hand sold 948 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $48.52, for a total value of $45,996.96. Following the completion of the transaction, the senior vice president now directly owns 9,876 shares of the company's stock, valued at $479,183.52. This represents a 8.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.67% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. DA Davidson boosted their price target on Advance Auto Parts from $45.00 to $47.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Royal Bank Of Canada cut their price target on Advance Auto Parts from $50.00 to $44.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 27th. Citigroup cut their price target on Advance Auto Parts from $47.00 to $40.00 and set a "neutral" rating on the stock in a research note on Thursday, February 27th. Roth Capital set a $50.00 price target on Advance Auto Parts and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. Finally, Redburn Atlantic upgraded Advance Auto Parts from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $28.00 to $45.00 in a research note on Tuesday, June 3rd. One research analyst has rated the stock with a sell rating, twenty-one have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $46.25.

Advance Auto Parts Stock Performance

Shares of Advance Auto Parts stock traded up $2.55 on Monday, reaching $51.97. 2,279,220 shares of the company were exchanged, compared to its average volume of 2,484,438. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.49 and a current ratio of 1.27. The company's 50-day moving average is $40.72 and its two-hundred day moving average is $41.70. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of -8.85 and a beta of 1.06. Advance Auto Parts, Inc. has a 1-year low of $28.89 and a 1-year high of $66.08.

Advance Auto Parts (NYSE:AAP - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The company reported ($0.22) earnings per share for the quarter, topping analysts' consensus estimates of ($0.81) by $0.59. The business had revenue of $2.58 billion for the quarter, compared to analysts' expectations of $2.51 billion. Advance Auto Parts had a negative return on equity of 1.76% and a negative net margin of 3.74%. The business's quarterly revenue was down 24.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.67 EPS. As a group, research analysts expect that Advance Auto Parts, Inc. will post -0.46 earnings per share for the current fiscal year.

Advance Auto Parts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, July 11th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Friday, July 11th. Advance Auto Parts's dividend payout ratio (DPR) is -17.04%.

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.