8,733 Shares in Advance Auto Parts, Inc. (NYSE:AAP) Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas acquired a new position in Advance Auto Parts, Inc. (NYSE:AAP - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 8,733 shares of the company's stock, valued at approximately $342,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Advisory Services Network LLC bought a new stake in Advance Auto Parts during the fourth quarter valued at about $46,000. Financial Management Professionals Inc. purchased a new position in shares of Advance Auto Parts during the 1st quarter valued at about $49,000. Exchange Traded Concepts LLC lifted its position in shares of Advance Auto Parts by 1,258.8% during the 1st quarter. Exchange Traded Concepts LLC now owns 2,310 shares of the company's stock valued at $91,000 after buying an additional 2,140 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Advance Auto Parts by 69.8% during the 1st quarter. Blue Trust Inc. now owns 2,842 shares of the company's stock valued at $111,000 after acquiring an additional 1,168 shares during the period. Finally, Central Pacific Bank Trust Division grew its stake in shares of Advance Auto Parts by 10.0% during the 1st quarter. Central Pacific Bank Trust Division now owns 3,300 shares of the company's stock valued at $129,000 after acquiring an additional 300 shares during the period. Hedge funds and other institutional investors own 88.75% of the company's stock.

Wall Street Analysts Forecast Growth

AAP has been the topic of a number of analyst reports. Bank of America lifted their target price on shares of Advance Auto Parts from $33.00 to $39.00 and gave the company an "underperform" rating in a research note on Friday, May 23rd. Redburn Partners raised Advance Auto Parts from a "sell" rating to a "neutral" rating and set a $45.00 price target on the stock in a report on Tuesday, June 3rd. Wall Street Zen downgraded Advance Auto Parts from a "hold" rating to a "sell" rating in a research report on Sunday, June 29th. Wells Fargo & Company set a $35.00 target price on Advance Auto Parts and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Finally, Redburn Atlantic raised Advance Auto Parts from a "sell" rating to a "neutral" rating and lifted their target price for the company from $28.00 to $45.00 in a research note on Tuesday, June 3rd. Three analysts have rated the stock with a sell rating, nineteen have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $46.53.

Insider Transactions at Advance Auto Parts

In related news, SVP Jason Hand sold 948 shares of the business's stock in a transaction that occurred on Friday, June 20th. The shares were 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 owned 9,876 shares of the company's stock, valued at $479,183.52. The trade was a 8.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.35% of the stock is currently owned by insiders.

Advance Auto Parts Trading Up 0.1%

NYSE AAP traded up $0.07 during trading on Friday, hitting $61.15. The stock had a trading volume of 1,448,321 shares, compared to its average volume of 2,630,262. Advance Auto Parts, Inc. has a one year low of $28.89 and a one year high of $64.58. The stock has a 50 day simple moving average of $49.15 and a 200 day simple moving average of $43.00. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of -10.42 and a beta of 1.04. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.49 and a current ratio of 1.27.

Advance Auto Parts (NYSE:AAP - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The company reported ($0.22) EPS for the quarter, topping analysts' consensus estimates of ($0.81) by $0.59. The firm had revenue of $2.58 billion for the quarter, compared to analysts' expectations of $2.51 billion. Advance Auto Parts had a negative net margin of 3.74% and a negative return on equity of 1.76%. The business's revenue for the quarter was down 24.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.67 earnings per share. Sell-side analysts predict that Advance Auto Parts, Inc. will post -0.46 earnings per share for the current 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 paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Friday, July 11th. Advance Auto Parts's dividend payout ratio (DPR) is presently -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.