Round Table Services LLC increased its position in shares of Advance Auto Parts Inc (NYSE:AAP) by 50.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,327 shares of the company’s stock after buying an additional 784 shares during the period. Round Table Services LLC’s holdings in Advance Auto Parts were worth $271,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of AAP. IFP Advisors Inc raised its position in shares of Advance Auto Parts by 3.2% in the first quarter. IFP Advisors Inc now owns 767 shares of the company’s stock valued at $114,000 after buying an additional 24 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Advance Auto Parts by 7.5% in the first quarter. Van ECK Associates Corp now owns 966 shares of the company’s stock valued at $143,000 after buying an additional 67 shares during the last quarter. Global X Management Co. LLC raised its position in shares of Advance Auto Parts by 28.9% in the first quarter. Global X Management Co. LLC now owns 972 shares of the company’s stock valued at $144,000 after buying an additional 218 shares during the last quarter. Harbour Capital Advisors LLC acquired a new position in shares of Advance Auto Parts during the first quarter valued at approximately $148,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of Advance Auto Parts during the first quarter valued at approximately $192,000.
Shares of Advance Auto Parts Inc (AAP) traded up 0.68% during mid-day trading on Thursday, reaching $101.56. The company’s stock had a trading volume of 410,713 shares. The company has a 50-day moving average price of $118.88 and a 200 day moving average price of $144.90. Advance Auto Parts Inc has a 52-week low of $99.13 and a 52-week high of $177.83. The company has a market cap of $7.49 billion, a PE ratio of 18.40 and a beta of 0.88.
Advance Auto Parts (NYSE:AAP) last released its quarterly earnings results on Wednesday, May 24th. The company reported $1.60 earnings per share for the quarter, missing the consensus estimate of $2.20 by $0.60. The firm had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Advance Auto Parts had a net margin of 4.31% and a return on equity of 16.02%. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.51 EPS. Equities analysts expect that Advance Auto Parts Inc will post $6.45 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 7th. Stockholders of record on Friday, June 23rd were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date was Wednesday, June 21st. Advance Auto Parts’s dividend payout ratio (DPR) is 4.36%.
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Several research analysts have recently commented on the company. UBS AG reissued a “buy” rating and set a $180.00 price objective (down previously from $200.00) on shares of Advance Auto Parts in a report on Wednesday, May 17th. BidaskClub lowered Advance Auto Parts from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 11th. BTIG Research reissued a “sell” rating and set a $90.00 price objective (down previously from $109.00) on shares of Advance Auto Parts in a report on Thursday, July 13th. Barclays PLC boosted their price objective on Advance Auto Parts from $93.00 to $120.00 and gave the stock an “underweight” rating in a report on Thursday, July 6th. Finally, Jefferies Group LLC raised Advance Auto Parts from a “hold” rating to a “buy” rating and cut their price objective for the stock from $150.00 to $130.00 in a report on Friday, July 7th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $151.41.
In related news, Director Eugene I. Lee, Jr. bought 1,895 shares of the company’s stock in a transaction dated Friday, May 26th. The stock was purchased at an average price of $132.18 per share, for a total transaction of $250,481.10. Following the acquisition, the director now owns 4,398 shares in the company, valued at $581,327.64. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Adriana Karaboutis bought 367 shares of the company’s stock in a transaction dated Friday, June 2nd. The stock was bought at an average price of $135.28 per share, with a total value of $49,647.76. Following the acquisition, the director now owns 3,043 shares in the company, valued at approximately $411,657.04. The disclosure for this purchase can be found here. In the last quarter, insiders bought 369,462 shares of company stock valued at $49,617,073. Company insiders own 4.50% of the company’s stock.
About Advance Auto Parts
Advance Auto Parts, Inc provides automotive aftermarket parts in North America, serving do-it-for-me (Professional) and do-it-yourself (DIY), customers. The Company’s stores and branches offer a selection of brand name, original equipment manufacturer (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks.
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