Rockefeller Capital Management L.P. cut its position in shares of Advance Auto Parts, Inc. (NYSE:AAP – Free Report) by 86.7% in the fourth quarter, Holdings Channel reports. The firm owned 2,056 shares of the company’s stock after selling 13,428 shares during the period. Rockefeller Capital Management L.P.’s holdings in Advance Auto Parts were worth $81,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Advance Auto Parts in the 3rd quarter valued at approximately $31,000. AlphaCore Capital LLC lifted its stake in Advance Auto Parts by 53.6% in the fourth quarter. AlphaCore Capital LLC now owns 883 shares of the company’s stock valued at $35,000 after acquiring an additional 308 shares during the last quarter. Hantz Financial Services Inc. grew its position in Advance Auto Parts by 184.5% in the fourth quarter. Hantz Financial Services Inc. now owns 919 shares of the company’s stock worth $36,000 after acquiring an additional 596 shares in the last quarter. Smartleaf Asset Management LLC increased its position in Advance Auto Parts by 290.3% during the second quarter. Smartleaf Asset Management LLC now owns 925 shares of the company’s stock worth $43,000 after buying an additional 688 shares during the last quarter. Finally, Leonteq Securities AG acquired a new position in shares of Advance Auto Parts during the 4th quarter valued at about $55,000. 88.70% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on AAP. Citigroup raised their price objective on Advance Auto Parts from $57.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, May 22nd. Morgan Stanley increased their price target on Advance Auto Parts from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Friday, May 22nd. Truist Financial lifted their price target on shares of Advance Auto Parts from $55.00 to $62.00 and gave the company a “hold” rating in a research report on Thursday, May 21st. The Goldman Sachs Group boosted their price objective on shares of Advance Auto Parts from $49.00 to $54.00 and gave the stock a “sell” rating in a research note on Friday, May 22nd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Advance Auto Parts from $64.00 to $59.00 and set a “neutral” rating for the company in a report on Friday, May 15th. Two equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Advance Auto Parts currently has a consensus rating of “Hold” and an average target price of $58.66.
Advance Auto Parts Price Performance
NYSE AAP opened at $57.81 on Friday. The stock has a 50-day simple moving average of $57.26 and a 200 day simple moving average of $52.81. Advance Auto Parts, Inc. has a twelve month low of $37.89 and a twelve month high of $70.00. The stock has a market capitalization of $3.49 billion, a PE ratio of 80.29, a P/E/G ratio of 0.91 and a beta of 1.03. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.85 and a current ratio of 1.78.
Advance Auto Parts (NYSE:AAP – Get Free Report) last released its earnings results on Thursday, May 21st. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.38. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.05 billion. Advance Auto Parts had a return on equity of 8.95% and a net margin of 0.51%.The company’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.40 EPS. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS. Research analysts anticipate that Advance Auto Parts, Inc. will post 2.94 EPS for the current year.
Advance Auto Parts Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be paid a $0.25 dividend. The ex-dividend date is Friday, July 10th. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. Advance Auto Parts’s dividend payout ratio (DPR) is presently 138.89%.
About Advance Auto Parts
Advance Auto Parts, Inc (NYSE: AAP) is a leading distributor of automotive aftermarket parts, accessories, and maintenance items. The company operates a network of stores and distribution centers across North America, serving both do-it-yourself (DIY) customers and professional service providers. Advance Auto Parts focuses on offering a comprehensive selection of replacement parts, batteries, engine components, and performance products for cars and light trucks.
The company’s product portfolio includes engine oils and lubricants, cooling system components, brake and suspension parts, filters, belts, hoses, and diagnostic tools.
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