Allianz Asset Management GmbH Has $32.44 Million Holdings in Advance Auto Parts, Inc. $AAP

Allianz Asset Management GmbH cut its stake in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 12.7% in the second quarter, Holdings Channel reports. The firm owned 697,837 shares of the company’s stock after selling 101,838 shares during the quarter. Allianz Asset Management GmbH’s holdings in Advance Auto Parts were worth $32,442,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Pzena Investment Management LLC grew its stake in shares of Advance Auto Parts by 1.9% during the second quarter. Pzena Investment Management LLC now owns 4,394,964 shares of the company’s stock worth $204,322,000 after purchasing an additional 82,456 shares during the period. Fuller & Thaler Asset Management Inc. grew its stake in shares of Advance Auto Parts by 3.0% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 3,552,475 shares of the company’s stock worth $139,293,000 after purchasing an additional 102,921 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Advance Auto Parts by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,741,701 shares of the company’s stock worth $107,500,000 after purchasing an additional 13,412 shares during the period. Federated Hermes Inc. grew its stake in shares of Advance Auto Parts by 302.5% during the first quarter. Federated Hermes Inc. now owns 1,358,764 shares of the company’s stock worth $53,277,000 after purchasing an additional 1,021,181 shares during the period. Finally, Estuary Capital Management LP grew its stake in shares of Advance Auto Parts by 31.7% during the first quarter. Estuary Capital Management LP now owns 1,258,270 shares of the company’s stock worth $49,337,000 after purchasing an additional 303,153 shares during the period. 88.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AAP has been the subject of a number of analyst reports. Truist Financial lifted their price objective on Advance Auto Parts from $51.00 to $53.00 and gave the stock a “hold” rating in a research note on Friday, August 15th. Wall Street Zen upgraded Advance Auto Parts from a “sell” rating to a “hold” rating in a report on Saturday, August 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of Advance Auto Parts in a report on Wednesday, October 8th. DA Davidson set a $65.00 target price on Advance Auto Parts in a report on Thursday, August 14th. Finally, Wolfe Research initiated coverage on Advance Auto Parts in a report on Thursday, September 18th. They set a “peer perform” rating on the stock. One analyst has rated the stock with a Buy rating, eighteen have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $52.67.

Advance Auto Parts Stock Performance

AAP opened at $53.78 on Friday. Advance Auto Parts, Inc. has a 52-week low of $28.89 and a 52-week high of $70.00. The firm has a market capitalization of $3.23 billion, a PE ratio of -8.44 and a beta of 1.08. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.49 and a current ratio of 1.27. The business’s 50-day simple moving average is $58.81 and its 200 day simple moving average is $50.12.

Advance Auto Parts (NYSE:AAP) last released its earnings results on Thursday, July 24th. The company reported ($0.22) earnings per share (EPS) for the quarter. Advance Auto Parts had a negative return on equity of 1.97% and a negative net margin of 4.37%.The company had revenue of $2.58 billion for the quarter. Advance Auto Parts has set its Q2 2025 guidance at EPS. As a group, sell-side analysts expect that Advance Auto Parts, Inc. will post -0.46 earnings per share for the current fiscal year.

Advance Auto Parts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 10th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.9%. The ex-dividend date is Friday, October 10th. Advance Auto Parts’s dividend payout ratio is presently -15.70%.

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.