Sei Investments Co. increased its stake in Advance Auto Parts, Inc. (NYSE:AAP – Free Report) by 96.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 75,520 shares of the company’s stock after buying an additional 37,077 shares during the period. Sei Investments Co. owned about 0.13% of Advance Auto Parts worth $3,984,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new position in Advance Auto Parts during the 3rd quarter valued at $31,000. AlphaCore Capital LLC increased its position in shares of Advance Auto Parts by 53.6% in the 4th quarter. AlphaCore Capital LLC now owns 883 shares of the company’s stock worth $35,000 after purchasing an additional 308 shares during the last quarter. Hantz Financial Services Inc. increased its position in shares of Advance Auto Parts by 184.5% in the 4th quarter. Hantz Financial Services Inc. now owns 919 shares of the company’s stock worth $36,000 after purchasing an additional 596 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Advance Auto Parts by 290.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 925 shares of the company’s stock valued at $43,000 after purchasing an additional 688 shares in the last quarter. Finally, Leonteq Securities AG acquired a new stake in shares of Advance Auto Parts in the 4th quarter valued at about $55,000. 88.70% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research firms recently commented on AAP. Truist Financial lifted their price target on Advance Auto Parts from $55.00 to $62.00 and gave the stock a “hold” rating in a research note on Thursday, May 21st. Citigroup increased their target price on Advance Auto Parts from $57.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft upgraded Advance Auto Parts to a “buy” rating in a research report on Friday, May 22nd. JPMorgan Chase & Co. lowered their price target on Advance Auto Parts from $64.00 to $59.00 and set a “neutral” rating for the company in a report on Friday, May 15th. Finally, Weiss Ratings raised Advance Auto Parts from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Two analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $58.97.
Advance Auto Parts Stock Down 2.9%
NYSE:AAP opened at $57.88 on Friday. The firm has a market capitalization of $3.50 billion, a PE ratio of 80.39, a price-to-earnings-growth ratio of 0.98 and a beta of 1.03. The stock has a 50 day moving average of $57.72 and a 200-day moving average of $54.86. Advance Auto Parts, Inc. has a 52 week low of $37.89 and a 52 week high of $65.21. The company has a current ratio of 1.78, a quick ratio of 0.85 and a debt-to-equity ratio of 1.54.
Advance Auto Parts (NYSE:AAP – Get Free Report) last announced its quarterly earnings results on Thursday, May 21st. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.38. Advance Auto Parts had a return on equity of 8.95% and a net margin of 0.51%.The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter last year, the business posted $0.40 EPS. The business’s revenue was up 1.2% on a year-over-year basis. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS. Analysts predict that Advance Auto Parts, Inc. will post 2.94 EPS for the current year.
Advance Auto Parts Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Friday, July 10th. Advance Auto Parts’s dividend payout ratio (DPR) is presently 138.89%.
Advance Auto Parts Profile
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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