QUANTRES ASSET MANAGEMENT Ltd purchased a new stake in shares of Advance Auto Parts, Inc. (NYSE:AAP) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 8,600 shares of the company’s stock, valued at approximately $857,000.
Other institutional investors also recently modified their holdings of the company. QS Investors LLC increased its stake in Advance Auto Parts by 0.9% during the 2nd quarter. QS Investors LLC now owns 1,017 shares of the company’s stock valued at $119,000 after purchasing an additional 9 shares in the last quarter. Federated Investors Inc. PA increased its stake in Advance Auto Parts by 763.0% during the 2nd quarter. Federated Investors Inc. PA now owns 1,398 shares of the company’s stock valued at $163,000 after purchasing an additional 1,236 shares in the last quarter. Fiduciary Trust Co. acquired a new position in Advance Auto Parts during the 2nd quarter valued at approximately $177,000. Oppenheimer Asset Management Inc. increased its stake in Advance Auto Parts by 4.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 1,582 shares of the company’s stock valued at $184,000 after purchasing an additional 68 shares in the last quarter. Finally, Pacer Advisors Inc. increased its stake in Advance Auto Parts by 7.6% during the 2nd quarter. Pacer Advisors Inc. now owns 1,633 shares of the company’s stock valued at $190,000 after purchasing an additional 116 shares in the last quarter.
A number of research analysts have issued reports on AAP shares. Morgan Stanley set a $120.00 price target on shares of Advance Auto Parts and gave the company a “buy” rating in a research note on Tuesday, December 12th. Jefferies Group reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Advance Auto Parts in a report on Tuesday, September 12th. Royal Bank of Canada upped their price objective on shares of Advance Auto Parts from $100.00 to $109.00 and gave the company an “outperform” rating in a report on Wednesday, November 15th. Citigroup upped their price objective on shares of Advance Auto Parts from $82.00 to $85.00 and gave the company a “sell” rating in a report on Wednesday, November 15th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Advance Auto Parts in a report on Tuesday, November 14th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company. Advance Auto Parts presently has a consensus rating of “Hold” and an average price target of $106.32.
Shares of Advance Auto Parts, Inc. (AAP) opened at $111.00 on Friday. Advance Auto Parts, Inc. has a twelve month low of $78.81 and a twelve month high of $177.50. The stock has a market cap of $7,910.79, a price-to-earnings ratio of 23.27, a P/E/G ratio of 1.69 and a beta of 1.00. The company has a current ratio of 1.52, a quick ratio of 0.32 and a debt-to-equity ratio of 0.32.
Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings results on Tuesday, November 14th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.18. Advance Auto Parts had a net margin of 3.75% and a return on equity of 13.51%. The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same period in the prior year, the firm posted $1.73 earnings per share. The firm’s quarterly revenue was down 3.0% compared to the same quarter last year. analysts anticipate that Advance Auto Parts, Inc. will post 5.24 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 22nd will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date of this dividend is Thursday, December 21st. Advance Auto Parts’s dividend payout ratio (DPR) is presently 5.03%.
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Advance Auto Parts Profile
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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