26,600 Shares in Advance Auto Parts, Inc. $AAP Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new stake in Advance Auto Parts, Inc. (NYSE:AAP) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 26,600 shares of the company’s stock, valued at approximately $1,403,000.

Other institutional investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Advance Auto Parts during the 3rd quarter worth $31,000. AlphaCore Capital LLC boosted its position in shares of Advance Auto Parts by 53.6% in the 4th 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 period. Hantz Financial Services Inc. boosted its holdings in shares of Advance Auto Parts by 184.5% in the fourth quarter. Hantz Financial Services Inc. now owns 919 shares of the company’s stock valued at $36,000 after acquiring an additional 596 shares during the period. Smartleaf Asset Management LLC boosted its stake in Advance Auto Parts by 290.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 925 shares of the company’s stock worth $43,000 after purchasing an additional 688 shares during the period. Finally, Leonteq Securities AG acquired a new stake in shares of Advance Auto Parts during the fourth quarter worth about $55,000. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group lifted their price objective on shares of Advance Auto Parts from $49.00 to $54.00 and gave the company a “sell” rating in a research report on Friday, May 22nd. BMO Capital Markets lifted their price objective on Advance Auto Parts from $60.00 to $65.00 and gave the stock a “market perform” rating in a research report on Friday, May 22nd. Royal Bank Of Canada boosted their price objective on shares of Advance Auto Parts from $62.00 to $65.00 and gave the company a “sector perform” rating in a research report on Friday, May 22nd. Citigroup increased their target price on Advance Auto Parts from $57.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, May 22nd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Advance Auto Parts from $64.00 to $59.00 and set a “neutral” rating on the stock in a report on Friday, May 15th. Two investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $58.66.

Advance Auto Parts Stock Performance

Advance Auto Parts stock opened at $61.46 on Friday. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of 85.37, a price-to-earnings-growth ratio of 1.04 and a beta of 1.03. Advance Auto Parts, Inc. has a 12-month low of $37.89 and a 12-month high of $70.00. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.78 and a quick ratio of 0.85. The firm’s fifty day moving average price is $57.34 and its 200 day moving average price is $52.28.

Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings data on Thursday, May 21st. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.38. Advance Auto Parts had a return on equity of 8.95% and a net margin of 0.51%.The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same quarter last year, the firm earned $0.40 EPS. Advance Auto Parts’s quarterly revenue was up 1.2% on a year-over-year basis. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS. On average, research analysts forecast that Advance Auto Parts, Inc. will post 2.94 EPS for the current fiscal year.

Advance Auto Parts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, July 10th. Advance Auto Parts’s payout ratio is currently 138.89%.

Advance Auto Parts Company 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.