Advance Auto Parts, Inc. (NYSE:AAP) Shares Bought by US Bancorp DE

US Bancorp DE raised its holdings in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 43.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,199 shares of the company’s stock after buying an additional 666 shares during the quarter. US Bancorp DE’s holdings in Advance Auto Parts were worth $338,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Berman Capital Advisors LLC boosted its stake in Advance Auto Parts by 172.8% during the second quarter. Berman Capital Advisors LLC now owns 221 shares of the company’s stock worth $33,000 after buying an additional 140 shares during the last quarter. Citizens Financial Group Inc RI increased its stake in shares of Advance Auto Parts by 466.7% in the 2nd quarter. Citizens Financial Group Inc RI now owns 221 shares of the company’s stock worth $34,000 after acquiring an additional 182 shares during the last quarter. Amica Retiree Medical Trust purchased a new position in shares of Advance Auto Parts during the 2nd quarter worth $49,000. YorkBridge Wealth Partners LLC raised its holdings in shares of Advance Auto Parts by 252.1% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 331 shares of the company’s stock worth $51,000 after acquiring an additional 237 shares during the period. Finally, Steward Partners Investment Advisory LLC purchased a new position in shares of Advance Auto Parts during the 2nd quarter worth $61,000. 98.96% of the stock is owned by institutional investors and hedge funds.

NYSE AAP traded down $0.23 during trading hours on Tuesday, reaching $165.17. The company had a trading volume of 77,332 shares, compared to its average volume of 918,943. The company has a current ratio of 1.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $11.54 billion, a P/E ratio of 23.21, a price-to-earnings-growth ratio of 1.76 and a beta of 0.85. The stock has a 50-day moving average of $146.81 and a 200 day moving average of $156.95. Advance Auto Parts, Inc. has a 1-year low of $130.09 and a 1-year high of $186.15.

Advance Auto Parts (NYSE:AAP) last released its quarterly earnings results on Tuesday, August 13th. The company reported $2.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.22). The company had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Advance Auto Parts had a net margin of 4.52% and a return on equity of 15.16%. Advance Auto Parts’s revenue was up .2% on a year-over-year basis. During the same period last year, the firm posted $1.97 earnings per share. As a group, sell-side analysts predict that Advance Auto Parts, Inc. will post 7.95 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 20th will be issued a $0.06 dividend. The ex-dividend date is Thursday, September 19th. This represents a $0.24 annualized dividend and a yield of 0.15%. Advance Auto Parts’s dividend payout ratio (DPR) is presently 3.37%.

AAP has been the subject of a number of analyst reports. Goldman Sachs Group initiated coverage on shares of Advance Auto Parts in a report on Thursday, July 11th. They issued a “sell” rating and a $151.00 price objective for the company. Evercore ISI reaffirmed a “buy” rating on shares of Advance Auto Parts in a research note on Tuesday, August 13th. Citigroup upgraded shares of Advance Auto Parts from a “neutral” rating to a “buy” rating and boosted their target price for the company from $156.00 to $188.00 in a report on Friday, September 13th. ValuEngine cut shares of Advance Auto Parts from a “buy” rating to a “hold” rating in a research note on Tuesday, June 11th. Finally, Guggenheim cut shares of Advance Auto Parts from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $185.47.

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.

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Institutional Ownership by Quarter for Advance Auto Parts (NYSE:AAP)

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