Vision Financial Markets LLC Purchases New Position in Advance Auto Parts, Inc. (NYSE:AAP)

Vision Financial Markets LLC purchased a new stake in Advance Auto Parts, Inc. (NYSE:AAP) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 884 shares of the company’s stock, valued at approximately $42,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. CIBC Asset Management Inc increased its stake in shares of Advance Auto Parts by 3.9% in the 4th quarter. CIBC Asset Management Inc now owns 5,865 shares of the company’s stock valued at $277,000 after purchasing an additional 221 shares in the last quarter. Yousif Capital Management LLC increased its stake in Advance Auto Parts by 1.1% during the 4th quarter. Yousif Capital Management LLC now owns 26,258 shares of the company’s stock worth $1,242,000 after buying an additional 281 shares in the last quarter. Ingalls & Snyder LLC increased its stake in Advance Auto Parts by 5.0% during the 4th quarter. Ingalls & Snyder LLC now owns 6,680 shares of the company’s stock worth $316,000 after buying an additional 317 shares in the last quarter. Versant Capital Management Inc increased its stake in Advance Auto Parts by 207.4% during the 4th quarter. Versant Capital Management Inc now owns 541 shares of the company’s stock worth $26,000 after buying an additional 365 shares in the last quarter. Finally, KBC Group NV increased its stake in Advance Auto Parts by 29.1% during the 3rd quarter. KBC Group NV now owns 1,749 shares of the company’s stock worth $68,000 after buying an additional 394 shares in the last quarter. Hedge funds and other institutional investors own 88.75% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on AAP. The Goldman Sachs Group cut their price objective on Advance Auto Parts from $60.00 to $43.00 and set a “neutral” rating for the company in a research note on Friday, November 15th. Royal Bank of Canada cut their price objective on Advance Auto Parts from $50.00 to $44.00 and set a “sector perform” rating for the company in a research note on Thursday, February 27th. BMO Capital Markets cut their price objective on Advance Auto Parts from $45.00 to $40.00 and set a “market perform” rating for the company in a research note on Thursday, February 27th. UBS Group boosted their price objective on Advance Auto Parts from $42.00 to $44.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Finally, Wells Fargo & Company boosted their price objective on Advance Auto Parts from $40.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Advance Auto Parts presently has an average rating of “Hold” and an average price target of $46.69.

Advance Auto Parts Trading Up 0.1 %

AAP opened at $34.60 on Thursday. Advance Auto Parts, Inc. has a one year low of $33.94 and a one year high of $88.56. The stock has a market capitalization of $2.07 billion, a PE ratio of 47.40, a P/E/G ratio of 1.98 and a beta of 1.15. The business’s 50 day moving average price is $45.53 and its 200 day moving average price is $43.12. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.62 and a current ratio of 1.34.

Advance Auto Parts Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date is Friday, April 11th. Advance Auto Parts’s dividend payout ratio is presently -17.86%.

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.