Advance Auto Parts, Inc. $AAP Holdings Decreased by Quinn Opportunity Partners LLC

Quinn Opportunity Partners LLC cut its holdings in Advance Auto Parts, Inc. (NYSE:AAP) by 18.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 154,668 shares of the company’s stock after selling 34,075 shares during the period. Quinn Opportunity Partners LLC owned about 0.26% of Advance Auto Parts worth $7,191,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. REAP Financial Group LLC acquired a new position in shares of Advance Auto Parts during the second quarter valued at $26,000. Parallel Advisors LLC boosted its position in shares of Advance Auto Parts by 355.8% during the second quarter. Parallel Advisors LLC now owns 939 shares of the company’s stock worth $44,000 after buying an additional 733 shares during the period. Allworth Financial LP increased its position in Advance Auto Parts by 283.0% in the 2nd quarter. Allworth Financial LP now owns 1,264 shares of the company’s stock valued at $59,000 after acquiring an additional 934 shares during the period. Quarry LP grew its stake in shares of Advance Auto Parts by 688.6% in the first quarter. Quarry LP now owns 2,421 shares of the company’s stock worth $95,000 after purchasing an additional 2,114 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Advance Auto Parts by 15.3% during the second quarter. Blue Trust Inc. now owns 3,278 shares of the company’s stock valued at $152,000 after purchasing an additional 436 shares during the period. Institutional investors own 88.70% of the company’s stock.

Advance Auto Parts Stock Performance

NYSE:AAP opened at $51.04 on Wednesday. Advance Auto Parts, Inc. has a 12-month low of $28.89 and a 12-month high of $70.00. The company has a quick ratio of 0.49, a current ratio of 1.27 and a debt-to-equity ratio of 0.68. The firm has a 50-day moving average price of $56.41 and a 200 day moving average price of $52.66. The firm has a market capitalization of $3.06 billion, a PE ratio of -8.01 and a beta of 1.06.

Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.18. 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 $2.04 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same period in the prior year, the firm earned ($0.04) earnings per share. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. Advance Auto Parts has set its FY 2025 guidance at 1.750-1.850 EPS. Research analysts anticipate that Advance Auto Parts, Inc. will post -0.46 earnings per share for the current fiscal year.

Advance Auto Parts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 9th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, January 9th. Advance Auto Parts’s payout ratio is currently -15.90%.

Wall Street Analyst Weigh In

AAP has been the subject of a number of research analyst reports. DA Davidson cut their target price on Advance Auto Parts from $63.00 to $55.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Mizuho boosted their price objective on Advance Auto Parts from $44.00 to $54.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. Weiss Ratings reiterated a “sell (d)” rating on shares of Advance Auto Parts in a report on Wednesday, October 8th. Cfra Research upgraded shares of Advance Auto Parts to a “hold” rating in a report on Thursday, October 30th. Finally, Wolfe Research began coverage on shares of Advance Auto Parts in a research note on Thursday, September 18th. They issued a “peer perform” rating for the company. One analyst has rated the stock with a Buy rating, twenty have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Advance Auto Parts currently has a consensus rating of “Reduce” and an average target price of $51.78.

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.