Thrivent Financial for Lutherans Lowers Stock Holdings in Advance Auto Parts, Inc. $AAP

Thrivent Financial for Lutherans trimmed its position in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 10.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 787,865 shares of the company’s stock after selling 90,835 shares during the period. Thrivent Financial for Lutherans’ holdings in Advance Auto Parts were worth $30,963,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AAP. Caitong International Asset Management Co. Ltd purchased a new position in Advance Auto Parts during the 3rd quarter valued at about $31,000. AlphaCore Capital LLC boosted its holdings in Advance Auto Parts by 6,288.9% during the 3rd quarter. AlphaCore Capital LLC now owns 575 shares of the company’s stock valued at $35,000 after acquiring an additional 566 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Advance Auto Parts by 290.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 925 shares of the company’s stock valued at $43,000 after acquiring an additional 688 shares during the period. Atlantic Union Bankshares Corp purchased a new position in Advance Auto Parts during the 3rd quarter valued at about $52,000. Finally, Westfuller Advisors LLC purchased a new position in Advance Auto Parts during the 3rd quarter valued at about $56,000. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on AAP shares. JPMorgan Chase & Co. lowered their target price on Advance Auto Parts from $64.00 to $59.00 and set a “neutral” rating for the company in a report on Friday. UBS Group restated a “neutral” rating on shares of Advance Auto Parts in a report on Monday, February 9th. Royal Bank Of Canada lowered their target price on Advance Auto Parts from $63.00 to $62.00 and set a “sector perform” rating for the company in a report on Tuesday, May 12th. Roth Mkm reaffirmed a “neutral” rating and issued a $57.00 price target on shares of Advance Auto Parts in a research report on Thursday, February 19th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Advance Auto Parts in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $52.72.

Advance Auto Parts Trading Up 0.0%

AAP opened at $47.17 on Monday. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 64.62, a price-to-earnings-growth ratio of 0.83 and a beta of 1.06. Advance Auto Parts, Inc. has a 52 week low of $31.28 and a 52 week high of $70.00. The business’s 50 day moving average is $53.72 and its two-hundred day moving average is $50.37. The company has a quick ratio of 0.87, a current ratio of 1.75 and a debt-to-equity ratio of 1.55.

Advance Auto Parts (NYSE:AAP) last released its quarterly earnings results on Friday, February 13th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.41 by $0.45. The company had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.95 billion. Advance Auto Parts had a return on equity of 6.23% and a net margin of 0.51%.The firm’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($10.16) earnings per share. On average, research analysts predict that Advance Auto Parts, Inc. will post 2.76 EPS for the current year.

Advance Auto Parts Profile

Advance Auto Parts, Inc (NYSE: AAP) is a leading distributor of automotive aftermarket parts, accessories, and maintenance items. The company operates a network of stores and distribution centers across North America, serving both do-it-yourself (DIY) customers and professional service providers. Advance Auto Parts focuses on offering a comprehensive selection of replacement parts, batteries, engine components, and performance products for cars and light trucks.

The company’s product portfolio includes engine oils and lubricants, cooling system components, brake and suspension parts, filters, belts, hoses, and diagnostic tools.