Advance Auto Parts, Inc. (NYSE:AAP) Shares Sold by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC cut its holdings in Advance Auto Parts, Inc. (NYSE:AAP - Free Report) by 14.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 417,408 shares of the company's stock after selling 68,678 shares during the period. Thompson Siegel & Walmsley LLC owned 0.70% of Advance Auto Parts worth $25,474,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. CWA Asset Management Group LLC raised its holdings in Advance Auto Parts by 4.1% during the third quarter. CWA Asset Management Group LLC now owns 4,911 shares of the company's stock valued at $275,000 after acquiring an additional 195 shares during the period. Diversified Trust Co lifted its holdings in Advance Auto Parts by 2.9% in the 4th quarter. Diversified Trust Co now owns 7,462 shares of the company's stock worth $455,000 after purchasing an additional 213 shares in the last quarter. Allworth Financial LP boosted its stake in Advance Auto Parts by 190.0% in the 4th quarter. Allworth Financial LP now owns 406 shares of the company's stock worth $25,000 after purchasing an additional 266 shares during the period. Signaturefd LLC grew its holdings in Advance Auto Parts by 20.0% during the 3rd quarter. Signaturefd LLC now owns 1,677 shares of the company's stock valued at $94,000 after buying an additional 279 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its holdings in shares of Advance Auto Parts by 1.0% in the fourth quarter. Yousif Capital Management LLC now owns 31,427 shares of the company's stock worth $1,918,000 after buying an additional 315 shares in the last quarter. 88.75% of the stock is currently owned by institutional investors.

Advance Auto Parts Trading Down 0.8 %

AAP stock traded down $0.61 during trading on Friday, hitting $75.03. The company had a trading volume of 607,310 shares, compared to its average volume of 1,283,440. The firm has a market capitalization of $4.47 billion, a P/E ratio of 101.39, a PEG ratio of 1.37 and a beta of 1.20. Advance Auto Parts, Inc. has a 52-week low of $47.73 and a 52-week high of $125.42. The company has a 50 day simple moving average of $77.90 and a 200-day simple moving average of $66.12. The company has a quick ratio of 0.29, a current ratio of 1.20 and a debt-to-equity ratio of 0.71.

Advance Auto Parts (NYSE:AAP - Get Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The company reported ($0.59) EPS for the quarter, missing the consensus estimate of $0.24 by ($0.83). The company had revenue of $2.46 billion during the quarter, compared to analysts' expectations of $2.47 billion. Advance Auto Parts had a return on equity of 1.68% and a net margin of 0.39%. The company's quarterly revenue was down .4% on a year-over-year basis. During the same period in the prior year, the business earned $2.88 EPS. As a group, research analysts forecast that Advance Auto Parts, Inc. will post 3.94 earnings per share for the current fiscal year.

Advance Auto Parts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 12th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend was Thursday, April 11th. Advance Auto Parts's dividend payout ratio (DPR) is 135.14%.

Insider Buying and Selling at Advance Auto Parts

In other Advance Auto Parts news, EVP Herman L. Word, Jr. sold 1,858 shares of the firm's stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $86.08, for a total transaction of $159,936.64. Following the transaction, the executive vice president now owns 10,448 shares of the company's stock, valued at approximately $899,363.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Herman L. Word, Jr. sold 1,858 shares of Advance Auto Parts stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $86.08, for a total value of $159,936.64. Following the transaction, the executive vice president now owns 10,448 shares of the company's stock, valued at approximately $899,363.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Brent Windom bought 4,700 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was bought at an average price of $85.34 per share, with a total value of $401,098.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at $853,400. The disclosure for this purchase can be found here. Insiders own 0.35% of the company's stock.

Wall Street Analysts Forecast Growth

AAP has been the topic of a number of research reports. Truist Financial lifted their price target on shares of Advance Auto Parts from $60.00 to $70.00 and gave the company a "hold" rating in a report on Tuesday, April 2nd. Evercore ISI decreased their target price on Advance Auto Parts from $82.00 to $78.00 and set an "in-line" rating on the stock in a research report on Tuesday, April 16th. Mizuho assumed coverage on Advance Auto Parts in a report on Tuesday, March 19th. They set a "neutral" rating and a $78.00 price objective on the stock. TheStreet upgraded Advance Auto Parts from a "d+" rating to a "c-" rating in a research report on Monday, January 22nd. Finally, Barclays upped their price target on shares of Advance Auto Parts from $56.00 to $66.00 and gave the company an "equal weight" rating in a research note on Thursday, February 29th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Advance Auto Parts currently has an average rating of "Hold" and a consensus price target of $64.56.

Advance Auto Parts 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.