Advance Auto Parts, Inc. (NYSE:AAP) Shares Purchased by IFM Investors Pty Ltd

IFM Investors Pty Ltd increased its position in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 83.7% during the third quarter, Holdings Channel reports. The fund owned 8,193 shares of the company’s stock after acquiring an additional 3,734 shares during the quarter. IFM Investors Pty Ltd’s holdings in Advance Auto Parts were worth $1,355,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Doyle Wealth Management acquired a new position in shares of Advance Auto Parts in the 2nd quarter valued at $31,000. Berman Capital Advisors LLC boosted its holdings in shares of Advance Auto Parts by 172.8% in the 2nd quarter. Berman Capital Advisors LLC now owns 221 shares of the company’s stock valued at $33,000 after purchasing an additional 140 shares during the last quarter. Citizens Financial Group Inc RI boosted its holdings in shares of Advance Auto Parts by 466.7% in the 2nd quarter. Citizens Financial Group Inc RI now owns 221 shares of the company’s stock valued at $34,000 after purchasing an additional 182 shares during the last quarter. Avestar Capital LLC boosted its holdings in shares of Advance Auto Parts by 625.0% in the 2nd quarter. Avestar Capital LLC now owns 406 shares of the company’s stock valued at $42,000 after purchasing an additional 350 shares during the last quarter. Finally, CSat Investment Advisory L.P. boosted its holdings in shares of Advance Auto Parts by 66.9% in the 2nd quarter. CSat Investment Advisory L.P. now owns 292 shares of the company’s stock valued at $45,000 after purchasing an additional 117 shares during the last quarter. Hedge funds and other institutional investors own 99.01% of the company’s stock.

A number of equities analysts have weighed in on AAP shares. Wolfe Research lowered shares of Advance Auto Parts from an “outperform” rating to a “peer perform” rating and set a $128.00 price target on the stock. in a report on Tuesday, October 8th. Zacks Investment Research upgraded shares of Advance Auto Parts from a “hold” rating to a “buy” rating and set a $161.00 price target on the stock in a report on Wednesday, July 31st. Guggenheim lowered shares of Advance Auto Parts from a “buy” rating to a “neutral” rating in a report on Wednesday, August 14th. Nomura started coverage on shares of Advance Auto Parts in a report on Thursday. They issued a “neutral” rating and a $162.00 price target on the stock. Finally, Credit Suisse Group decreased their price target on shares of Advance Auto Parts from $195.00 to $162.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $181.65.

Shares of AAP stock opened at $167.40 on Friday. The company’s fifty day simple moving average is $162.39 and its 200-day simple moving average is $155.50. Advance Auto Parts, Inc. has a 52 week low of $130.09 and a 52 week high of $186.15. The company has a current ratio of 1.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.76. The company has a market cap of $12.00 billion, a PE ratio of 23.48, a P/E/G ratio of 1.83 and a beta of 0.84.

Advance Auto Parts (NYSE:AAP) last issued its earnings results on Tuesday, August 13th. The company reported $2.00 EPS for the quarter, missing the Zacks’ consensus estimate of $2.22 by ($0.22). Advance Auto Parts had a net margin of 4.52% and a return on equity of 15.16%. The business had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the prior year, the business posted $1.97 EPS. The business’s revenue was up .2% on a year-over-year basis. Equities research analysts expect that Advance Auto Parts, Inc. will post 7.96 EPS for the current fiscal year.

About Advance Auto Parts

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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Institutional Ownership by Quarter for Advance Auto Parts (NYSE:AAP)

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