8,571 Shares in Advance Auto Parts, Inc. (NYSE:AAP) Acquired by Capital International Inc. CA

Capital International Inc. CA bought a new stake in shares of Advance Auto Parts, Inc. (NYSE:AAP) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 8,571 shares of the company’s stock, valued at approximately $405,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Cooper Creek Partners Management LLC bought a new stake in shares of Advance Auto Parts during the 4th quarter worth $75,055,000. Marshall Wace LLP lifted its stake in Advance Auto Parts by 2,585.1% during the fourth quarter. Marshall Wace LLP now owns 1,353,912 shares of the company’s stock worth $64,026,000 after purchasing an additional 1,303,488 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Advance Auto Parts by 2,662.0% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,293,205 shares of the company’s stock worth $61,156,000 after purchasing an additional 1,246,384 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in shares of Advance Auto Parts during the 4th quarter valued at about $34,586,000. Finally, Allianz Asset Management GmbH raised its holdings in shares of Advance Auto Parts by 244.7% during the 4th quarter. Allianz Asset Management GmbH now owns 740,234 shares of the company’s stock valued at $35,006,000 after buying an additional 525,504 shares in the last quarter. Hedge funds and other institutional investors own 88.75% of the company’s stock.

Advance Auto Parts Stock Up 3.0 %

AAP stock opened at $31.79 on Monday. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 43.55, a price-to-earnings-growth ratio of 1.98 and a beta of 1.07. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.62 and a current ratio of 1.34. The business’s 50 day moving average price is $37.68 and its two-hundred day moving average price is $41.09. Advance Auto Parts, Inc. has a fifty-two week low of $28.89 and a fifty-two week high of $79.41.

Advance Auto Parts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Friday, April 11th. Advance Auto Parts’s dividend payout ratio is currently -17.86%.

Insider Activity

In other Advance Auto Parts news, Director Eugene I. Lee, Jr. acquired 14,640 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average price of $34.15 per share, with a total value of $499,956.00. Following the completion of the purchase, the director now directly owns 34,070 shares of the company’s stock, valued at approximately $1,163,490.50. The trade was a 75.35 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Shane M. Okelly bought 1,500 shares of the firm’s stock in a transaction on Tuesday, March 11th. The shares were acquired at an average cost of $36.79 per share, with a total value of $55,185.00. Following the purchase, the chief executive officer now directly owns 183,121 shares of the company’s stock, valued at approximately $6,737,021.59. This represents a 0.83 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on AAP shares. Truist Financial reduced their price target on shares of Advance Auto Parts from $39.00 to $34.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. Wells Fargo & Company lifted their target price on shares of Advance Auto Parts from $40.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Royal Bank of Canada cut their price target on shares of Advance Auto Parts from $50.00 to $44.00 and set a “sector perform” rating for the company in a research report on Thursday, February 27th. Evercore ISI lowered their target price on Advance Auto Parts from $37.00 to $35.00 and set an “in-line” rating for the company in a research note on Tuesday, March 11th. Finally, BMO Capital Markets reduced their price target on Advance Auto Parts from $45.00 to $40.00 and set a “market perform” rating on the stock in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Advance Auto Parts has an average rating of “Hold” and an average target price of $45.13.

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.