Allianz Asset Management GmbH Has $32.44 Million Stock Position in Advance Auto Parts, Inc. $AAP

Allianz Asset Management GmbH lowered its holdings in Advance Auto Parts, Inc. (NYSE:AAP) by 12.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 697,837 shares of the company’s stock after selling 101,838 shares during the quarter. Allianz Asset Management GmbH owned 1.16% of Advance Auto Parts worth $32,442,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AAP. Pzena Investment Management LLC lifted its position in shares of Advance Auto Parts by 1.9% in the 2nd quarter. Pzena Investment Management LLC now owns 4,394,964 shares of the company’s stock worth $204,322,000 after acquiring an additional 82,456 shares during the period. Fuller & Thaler Asset Management Inc. lifted its position in shares of Advance Auto Parts by 3.0% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 3,552,475 shares of the company’s stock worth $139,293,000 after buying an additional 102,921 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Advance Auto Parts by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,741,701 shares of the company’s stock worth $107,500,000 after buying an additional 13,412 shares during the period. Federated Hermes Inc. lifted its position in shares of Advance Auto Parts by 302.5% during the 1st quarter. Federated Hermes Inc. now owns 1,358,764 shares of the company’s stock worth $53,277,000 after buying an additional 1,021,181 shares during the period. Finally, Estuary Capital Management LP lifted its position in shares of Advance Auto Parts by 31.7% during the 1st quarter. Estuary Capital Management LP now owns 1,258,270 shares of the company’s stock worth $49,337,000 after buying an additional 303,153 shares during the period. Institutional investors and hedge funds own 88.70% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Argus restated a “hold” rating and set a $60.52 target price on shares of Advance Auto Parts in a research report on Friday, August 29th. Wall Street Zen upgraded Advance Auto Parts from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th. UBS Group set a $65.00 target price on Advance Auto Parts and gave the stock a “neutral” rating in a research report on Tuesday, August 12th. Evercore ISI raised their price target on Advance Auto Parts from $56.00 to $58.00 and gave the company an “in-line” rating in a report on Tuesday, August 12th. Finally, The Goldman Sachs Group cut Advance Auto Parts from a “neutral” rating to a “sell” rating and dropped their price target for the company from $48.00 to $46.00 in a report on Tuesday, June 24th. One research analyst has rated the stock with a Buy rating, eighteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Advance Auto Parts currently has a consensus rating of “Reduce” and an average target price of $52.67.

Advance Auto Parts Stock Up 0.4%

NYSE AAP opened at $53.78 on Friday. The stock has a fifty day moving average of $58.81 and a 200-day moving average of $50.12. The stock has a market capitalization of $3.23 billion, a P/E ratio of -8.44 and a beta of 1.08. Advance Auto Parts, Inc. has a 52 week low of $28.89 and a 52 week high of $70.00. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.49 and a current ratio of 1.27.

Advance Auto Parts (NYSE:AAP) last released its earnings results on Thursday, July 24th. The company reported ($0.22) EPS for the quarter. The firm had revenue of $2.58 billion during the quarter. Advance Auto Parts had a negative net margin of 4.37% and a negative return on equity of 1.97%. Advance Auto Parts has set its Q2 2025 guidance at EPS. On average, equities research analysts forecast that Advance Auto Parts, Inc. will post -0.46 EPS for the current year.

Advance Auto Parts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 10th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, October 10th. Advance Auto Parts’s dividend payout ratio (DPR) is -15.70%.

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.