RBF Capital LLC Buys New Position in Advance Auto Parts, Inc. (NYSE:AAP)

RBF Capital LLC purchased a new position in Advance Auto Parts, Inc. (NYSE:AAP) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 85,000 shares of the company’s stock, valued at approximately $4,020,000. RBF Capital LLC owned 0.14% of Advance Auto Parts as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Advance Auto Parts by 34.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,685,541 shares of the company’s stock worth $316,160,000 after acquiring an additional 1,706,328 shares in the last quarter. Cooper Creek Partners Management LLC acquired a new position in shares of Advance Auto Parts in the 4th quarter valued at approximately $75,055,000. Marshall Wace LLP boosted its stake in shares of Advance Auto Parts by 2,585.1% during the 4th quarter. Marshall Wace LLP now owns 1,353,912 shares of the company’s stock valued at $64,026,000 after buying an additional 1,303,488 shares during the last quarter. Thrivent Financial for Lutherans grew its position in shares of Advance Auto Parts by 2,662.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,293,205 shares of the company’s stock worth $61,156,000 after buying an additional 1,246,384 shares in the last quarter. Finally, Segall Bryant & Hamill LLC bought a new stake in shares of Advance Auto Parts in the fourth quarter worth $34,586,000. Institutional investors and hedge funds own 88.75% of the company’s stock.

Insider Buying and Selling

In other news, CEO Shane M. Okelly bought 1,500 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was purchased at an average cost of $36.79 per share, for a total transaction of $55,185.00. Following the completion of the transaction, the chief executive officer now directly owns 183,121 shares of the company’s stock, valued at approximately $6,737,021.59. This trade represents a 0.83 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Eugene I. Lee, Jr. purchased 14,640 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were purchased at an average cost of $34.15 per share, with a total value of $499,956.00. Following the completion of the purchase, the director now owns 34,070 shares in the company, valued at $1,163,490.50. This represents a 75.35 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.35% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on AAP. Truist Financial cut their price objective on Advance Auto Parts from $39.00 to $34.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Evercore ISI reduced their price objective on Advance Auto Parts from $37.00 to $35.00 and set an “in-line” rating on the stock in a research note on Tuesday, March 11th. Wells Fargo & Company lifted their price objective on shares of Advance Auto Parts from $40.00 to $45.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Royal Bank of Canada reduced their price target on shares of Advance Auto Parts from $50.00 to $44.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 27th. Finally, Citigroup lowered their price objective on shares of Advance Auto Parts from $47.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $45.13.

Advance Auto Parts Stock Up 0.9 %

Shares of Advance Auto Parts stock opened at $32.94 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.34 and a quick ratio of 0.62. Advance Auto Parts, Inc. has a 1-year low of $28.89 and a 1-year high of $78.09. The business’s fifty day moving average price is $37.07 and its two-hundred day moving average price is $40.99. The company has a market capitalization of $1.97 billion, a P/E ratio of 45.12, a PEG ratio of 1.98 and a beta of 1.07.

Advance Auto Parts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.04%. The ex-dividend date is Friday, April 11th. Advance Auto Parts’s payout ratio is currently -17.86%.

Advance Auto Parts 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.