Campbell & CO Investment Adviser LLC acquired a new position in shares of Advance Auto Parts, Inc. (NYSE:AAP) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,717 shares of the company’s stock, valued at approximately $264,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Private Advisor Group LLC purchased a new stake in shares of Advance Auto Parts in the second quarter valued at about $28,000. Heritage Wealth Advisors increased its stake in Advance Auto Parts by 191.0% in the 2nd quarter. Heritage Wealth Advisors now owns 873 shares of the company’s stock valued at $42,000 after buying an additional 573 shares during the last quarter. Winslow Evans & Crocker Inc. bought a new position in shares of Advance Auto Parts during the 2nd quarter worth approximately $71,000. Cerebellum GP LLC purchased a new position in shares of Advance Auto Parts in the 2nd quarter worth approximately $81,000. Finally, CSat Investment Advisory L.P. grew its holdings in shares of Advance Auto Parts by 27.1% in the second quarter. CSat Investment Advisory L.P. now owns 662 shares of the company’s stock valued at $94,000 after acquiring an additional 141 shares in the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.
NYSE:AAP opened at $154.99 on Friday. The business’s fifty day moving average is $154.14 and its 200 day moving average is $138.97. The firm has a market cap of $10.72 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 1.46 and a beta of 1.37. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.46 and a current ratio of 1.44. Advance Auto Parts, Inc. has a 52-week low of $71.33 and a 52-week high of $171.43.
Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings results on Tuesday, August 18th. The company reported $2.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.97 by $0.95. Advance Auto Parts had a return on equity of 14.78% and a net margin of 4.71%. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.37 billion. During the same period in the prior year, the business posted $2.00 earnings per share. The company’s revenue was up 7.3% on a year-over-year basis. Equities analysts predict that Advance Auto Parts, Inc. will post 8.3 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 18th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend was Thursday, September 17th. Advance Auto Parts’s dividend payout ratio (DPR) is presently 12.21%.
A number of analysts recently commented on AAP shares. Cfra upgraded Advance Auto Parts to a “buy” rating in a report on Friday, August 14th. TheStreet upgraded Advance Auto Parts from a “c+” rating to a “b” rating in a research note on Tuesday, August 18th. Argus increased their price target on shares of Advance Auto Parts from $158.00 to $177.00 and gave the company a “buy” rating in a research report on Monday, September 14th. Zacks Investment Research raised shares of Advance Auto Parts from a “hold” rating to a “strong-buy” rating and set a $181.00 price objective on the stock in a research report on Friday, August 21st. Finally, Guggenheim boosted their target price on shares of Advance Auto Parts from $158.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Advance Auto Parts has an average rating of “Hold” and a consensus target price of $150.91.
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.
Want to see what other hedge funds are holding AAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advance Auto Parts, Inc. (NYSE:AAP).
Receive News & Ratings for Advance Auto Parts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advance Auto Parts and related companies with MarketBeat.com's FREE daily email newsletter.