Stephens Inc. AR Has $1.50 Million Stock Position in Advance Auto Parts, Inc. $AAP

Stephens Inc. AR boosted its position in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 38.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,228 shares of the company’s stock after purchasing an additional 10,695 shares during the period. Stephens Inc. AR owned 0.06% of Advance Auto Parts worth $1,502,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. AlphaCore Capital LLC boosted its position in Advance Auto Parts by 53.6% during the fourth quarter. AlphaCore Capital LLC now owns 883 shares of the company’s stock valued at $35,000 after purchasing an additional 308 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Advance Auto Parts during the fourth quarter valued at $246,000. Crossmark Global Holdings Inc. boosted its position in Advance Auto Parts by 24.0% during the fourth quarter. Crossmark Global Holdings Inc. now owns 8,046 shares of the company’s stock valued at $316,000 after purchasing an additional 1,555 shares during the last quarter. Tweedy Browne Co LLC lifted its position in shares of Advance Auto Parts by 16.6% in the fourth quarter. Tweedy Browne Co LLC now owns 15,179 shares of the company’s stock worth $597,000 after buying an additional 2,160 shares during the last quarter. Finally, Wolverine Asset Management LLC lifted its position in shares of Advance Auto Parts by 32.8% in the fourth quarter. Wolverine Asset Management LLC now owns 36,317 shares of the company’s stock worth $1,427,000 after buying an additional 8,960 shares during the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Advance Auto Parts Trading Down 2.3%

Advance Auto Parts stock opened at $49.46 on Wednesday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.87 and a current ratio of 1.75. The business’s 50-day simple moving average is $53.69 and its 200-day simple moving average is $50.29. The firm has a market capitalization of $2.98 billion, a PE ratio of 67.75, a PEG ratio of 0.89 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.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Morgan Stanley set a $60.00 price target on Advance Auto Parts in a research report on Tuesday, February 17th. Evercore set a $60.00 price target on Advance Auto Parts in a research report on Wednesday, February 11th. JPMorgan Chase & Co. reduced their price target on Advance Auto Parts from $64.00 to $59.00 and set a “neutral” rating for the company in a research report on Friday, May 15th. 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, UBS Group reaffirmed a “neutral” rating on shares of Advance Auto Parts in a research report on Monday, February 9th. One investment 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. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $52.72.

About Advance Auto Parts

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.