Quantinno Capital Management LP Grows Stock Holdings in Advance Auto Parts, Inc. $AAP

Quantinno Capital Management LP raised its holdings in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 64.8% during the first quarter, HoldingsChannel reports. The fund owned 49,710 shares of the company’s stock after purchasing an additional 19,555 shares during the quarter. Quantinno Capital Management LP’s holdings in Advance Auto Parts were worth $2,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada boosted its holdings in shares of Advance Auto Parts by 107.2% in the first quarter. Royal Bank of Canada now owns 79,558 shares of the company’s stock worth $3,119,000 after acquiring an additional 41,157 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Advance Auto Parts by 327.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 362,918 shares of the company’s stock valued at $14,230,000 after purchasing an additional 278,066 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Advance Auto Parts by 14.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 180,979 shares of the company’s stock worth $7,096,000 after purchasing an additional 23,018 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in Advance Auto Parts by 3.1% during the 2nd quarter. Hsbc Holdings PLC now owns 6,306 shares of the company’s stock worth $293,000 after purchasing an additional 191 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its stake in Advance Auto Parts by 2.7% in the 2nd quarter. Baird Financial Group Inc. now owns 56,782 shares of the company’s stock worth $2,640,000 after purchasing an additional 1,515 shares during the period. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Advance Auto Parts Price Performance

Advance Auto Parts stock opened at $57.83 on Monday. Advance Auto Parts, Inc. has a 52 week low of $37.89 and a 52 week high of $65.21. The business has a 50-day simple moving average of $57.67 and a 200 day simple moving average of $54.96. The company has a quick ratio of 0.85, a current ratio of 1.78 and a debt-to-equity ratio of 1.54. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 80.32, a PEG ratio of 0.95 and a beta of 1.03.

Advance Auto Parts (NYSE:AAP) last announced its earnings results on Thursday, May 21st. The company reported $0.77 earnings per share for the quarter, topping 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 business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same period in the prior year, the company earned $0.40 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

Advance Auto Parts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Friday, July 10th. Advance Auto Parts’s dividend payout ratio (DPR) is currently 138.89%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. reduced 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, May 15th. TD Cowen reissued a “hold” rating on shares of Advance Auto Parts in a report on Friday, May 22nd. Royal Bank Of Canada raised 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. Weiss Ratings raised shares of Advance Auto Parts from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. Finally, Mizuho upped their target price on shares of Advance Auto Parts from $54.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, May 26th. Two research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $58.97.

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.