Empowered Funds LLC Acquires New Holdings in Advance Auto Parts, Inc. $AAP

Posted by Stanley Muller on Sep 2nd, 2026

Empowered Funds LLC bought a new stake in Advance Auto Parts, Inc. (NYSE:AAP – Free Report) in the 2nd quarter, Holdings Channel.com reports. The fund bought 56,683 shares of the company’s stock, valued at approximately $3,527,000.

Several other hedge funds also recently bought and sold shares of the company. Allworth Financial LP bought a new position in shares of Advance Auto Parts during the second quarter worth $25,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Advance Auto Parts in the 3rd quarter valued at $31,000. State of Wyoming acquired a new stake in Advance Auto Parts during the 2nd quarter worth $34,000. AlphaCore Capital LLC raised its stake in Advance Auto Parts by 53.6% during the 4th quarter. AlphaCore Capital LLC now owns 883 shares of the company’s stock worth $35,000 after buying an additional 308 shares during the period. Finally, Hantz Financial Services Inc. lifted its holdings in Advance Auto Parts by 184.5% during 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. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Guggenheim reissued a “neutral” rating on shares of Advance Auto Parts in a research note on Friday, August 21st. Morgan Stanley cut their price objective on Advance Auto Parts from $65.00 to $52.00 and set an “equal weight” rating on the stock in a report on Friday, August 21st. Wells Fargo & Company cut their price objective on Advance Auto Parts from $60.00 to $50.00 and set an “equal weight” rating on the stock in a report on Friday, August 21st. The Goldman Sachs Group set a $49.00 price objective on Advance Auto Parts in a research report on Friday, August 21st. Finally, Mizuho increased their target price on Advance Auto Parts from $54.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. Two analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $50.19.

Read Our Latest Research Report on AAP

Advance Auto Parts Price Performance

NYSE AAP opened at $42.72 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 1.75 and a debt-to-equity ratio of 1.50. Advance Auto Parts, Inc. has a 12-month low of $37.89 and a 12-month high of $65.21. The company has a market capitalization of $2.58 billion, a PE ratio of 31.18, a price-to-earnings-growth ratio of 0.68 and a beta of 1.01. The firm’s 50 day moving average is $54.43 and its 200-day moving average is $54.81.

Advance Auto Parts (NYSE:AAP – Get Free Report) last announced its earnings results on Thursday, August 20th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.81 by $0.22. The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Advance Auto Parts had a net margin of 0.97% and a return on equity of 9.84%. The firm’s revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.69 earnings per share. Advance Auto Parts has set its FY 2026 guidance at 2.600-3.300 EPS. Equities research analysts anticipate that Advance Auto Parts, Inc. will post 2.97 earnings per share for the current fiscal year.

Advance Auto Parts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Friday, October 9th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $1.00 annualized dividend and a yield of 2.3%. Advance Auto Parts’s payout ratio is 72.99%.

About Advance Auto Parts

(Free Report)

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.