Advance Auto Parts, Inc. $AAP Stake Reduced by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. reduced its stake in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 25.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,328 shares of the company’s stock after selling 2,483 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Advance Auto Parts were worth $341,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

AAP has been the subject of a number of recent research reports. Mizuho upped their price objective on Advance Auto Parts from $44.00 to $54.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. Evercore ISI increased their price target on Advance Auto Parts from $56.00 to $58.00 and gave the stock an “in-line” rating in a research note on Tuesday, August 12th. UBS Group reissued a “neutral” rating on shares of Advance Auto Parts in a research note on Tuesday. Morgan Stanley increased their price target on Advance Auto Parts from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Friday, September 12th. Finally, Citigroup set a $60.00 price target on Advance Auto Parts in a research note on Thursday, August 14th. One research analyst has rated the stock with a Buy rating, eighteen have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $52.51.

Advance Auto Parts Trading Down 1.0%

Shares of AAP stock opened at $54.43 on Friday. The stock has a 50-day simple moving average of $58.41 and a 200 day simple moving average of $50.74. Advance Auto Parts, Inc. has a fifty-two week low of $28.89 and a fifty-two week high of $70.00. The stock has a market capitalization of $3.27 billion, a P/E ratio of -8.54 and a beta of 1.08. The company has a quick ratio of 0.49, a current ratio of 1.27 and a debt-to-equity ratio of 0.68.

Advance Auto Parts (NYSE:AAP) last announced its earnings results on Thursday, July 24th. The company reported ($0.22) earnings per share 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 for the quarter. Advance Auto Parts has set its Q2 2025 guidance at EPS. On average, sell-side analysts expect that Advance Auto Parts, Inc. will post -0.46 earnings per share for the current fiscal year.

Advance Auto Parts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 24th. Investors of record on Friday, October 10th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a $1.00 annualized dividend and a yield of 1.8%. Advance Auto Parts’s dividend payout ratio (DPR) is currently -15.70%.

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.