Readystate Asset Management LP acquired a new stake in shares of Advance Auto Parts, Inc. (NYSE:AAP - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 25,670 shares of the company's stock, valued at approximately $1,567,000.
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Other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP boosted its position in Advance Auto Parts by 190.0% during the fourth quarter. Allworth Financial LP now owns 406 shares of the company's stock valued at $25,000 after purchasing an additional 266 shares during the last quarter. Dagco Inc. acquired a new stake in shares of Advance Auto Parts in the fourth quarter worth about $25,000. Clear Street Markets LLC lifted its position in shares of Advance Auto Parts by 245.9% in the first quarter. Clear Street Markets LLC now owns 211 shares of the company's stock worth $26,000 after buying an additional 150 shares during the last quarter. Principal Securities Inc. acquired a new stake in shares of Advance Auto Parts in the fourth quarter worth about $27,000. Finally, UniSuper Management Pty Ltd acquired a new stake in shares of Advance Auto Parts in the second quarter worth about $28,000. Institutional investors and hedge funds own 88.75% of the company's stock.
Insider Buying and Selling at Advance Auto Parts
In other Advance Auto Parts news, Director Brent Windom bought 4,700 shares of Advance Auto Parts stock in a transaction dated Wednesday, March 27th. The shares were acquired at an average cost of $85.34 per share, with a total value of $401,098.00. Following the acquisition, the director now directly owns 10,000 shares of the company's stock, valued at $853,400. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Herman L. Word, Jr. sold 1,858 shares of the business's stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $86.08, for a total value of $159,936.64. Following the transaction, the executive vice president now directly owns 10,448 shares of the company's stock, valued at approximately $899,363.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brent Windom bought 4,700 shares of Advance Auto Parts stock in a transaction dated Wednesday, March 27th. The stock was acquired at an average cost of $85.34 per share, for a total transaction of $401,098.00. Following the completion of the acquisition, the director now directly owns 10,000 shares in the company, valued at $853,400. The disclosure for this purchase can be found here. Company insiders own 0.63% of the company's stock.
Advance Auto Parts Price Performance
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NYSE AAP traded up $2.44 during trading on Wednesday, reaching $74.05. 1,770,578 shares of the company traded hands, compared to its average volume of 1,847,297. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.29 and a current ratio of 1.20. The stock's 50 day moving average price is $74.00 and its two-hundred day moving average price is $63.30. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 100.07, a P/E/G ratio of 1.27 and a beta of 1.17. Advance Auto Parts, Inc. has a 1-year low of $47.73 and a 1-year high of $129.90.
Advance Auto Parts (NYSE:AAP - Get Free Report) last released its quarterly earnings data on Wednesday, February 28th. The company reported ($0.59) earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.83). The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.47 billion. Advance Auto Parts had a net margin of 0.39% and a return on equity of 1.68%. The firm's revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.88 earnings per share. As a group, analysts anticipate that Advance Auto Parts, Inc. will post 3.94 EPS for the current year.
Advance Auto Parts Dividend Announcement
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 12th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Thursday, April 11th. Advance Auto Parts's payout ratio is 135.14%.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on AAP shares. JPMorgan Chase & Co. boosted their price target on Advance Auto Parts from $55.00 to $68.00 and gave the stock a "neutral" rating in a research report on Thursday, February 29th. Royal Bank of Canada boosted their price target on Advance Auto Parts from $47.00 to $68.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 29th. TheStreet raised Advance Auto Parts from a "d+" rating to a "c-" rating in a research report on Monday, January 22nd. Truist Financial lifted their price objective on Advance Auto Parts from $60.00 to $70.00 and gave the stock a "hold" rating in a research note on Tuesday, April 2nd. Finally, Barclays lifted their price objective on Advance Auto Parts from $56.00 to $66.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 29th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Advance Auto Parts presently has a consensus rating of "Hold" and a consensus price target of $70.18.
View Our Latest Stock Report on Advance Auto Parts
About Advance Auto Parts
(Free Report)
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.
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Want to see what other hedge funds are holding AAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advance Auto Parts, Inc. (NYSE:AAP - Free Report).
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