Advance Auto Parts, Inc. (NYSE:AAP) Shares Sold by Teza Capital Management LLC

Teza Capital Management LLC lowered its stake in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 65.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,690 shares of the company’s stock after selling 10,713 shares during the period. Teza Capital Management LLC’s holdings in Advance Auto Parts were worth $269,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in AAP. CIBC Asset Management Inc raised its position in Advance Auto Parts by 3.9% in the fourth quarter. CIBC Asset Management Inc now owns 5,865 shares of the company’s stock valued at $277,000 after purchasing an additional 221 shares during the period. Yousif Capital Management LLC boosted its position in shares of Advance Auto Parts by 1.1% during the fourth quarter. Yousif Capital Management LLC now owns 26,258 shares of the company’s stock worth $1,242,000 after buying an additional 281 shares during the period. Ingalls & Snyder LLC grew its stake in shares of Advance Auto Parts by 5.0% in the fourth quarter. Ingalls & Snyder LLC now owns 6,680 shares of the company’s stock valued at $316,000 after buying an additional 317 shares in the last quarter. Studio Investment Management LLC raised its holdings in shares of Advance Auto Parts by 6.7% in the 4th quarter. Studio Investment Management LLC now owns 5,557 shares of the company’s stock valued at $263,000 after buying an additional 350 shares during the period. Finally, Blue Trust Inc. raised its holdings in shares of Advance Auto Parts by 38.9% in the 4th quarter. Blue Trust Inc. now owns 1,674 shares of the company’s stock valued at $79,000 after buying an additional 469 shares during the period. Institutional investors and hedge funds own 88.75% of the company’s stock.

Analysts Set New Price Targets

AAP has been the subject of a number of research analyst reports. Truist Financial lowered their target price on Advance Auto Parts from $39.00 to $34.00 and set a “hold” rating for the company in a report on Thursday, February 27th. Evercore ISI reduced their price target on shares of Advance Auto Parts from $37.00 to $35.00 and set an “in-line” rating on the stock in a research report on Tuesday, March 11th. BMO Capital Markets lowered their price objective on shares of Advance Auto Parts from $45.00 to $40.00 and set a “market perform” rating for the company in a research note on Thursday, February 27th. Citigroup cut their target price on shares of Advance Auto Parts from $47.00 to $40.00 and set a “neutral” rating on the stock in a research note on Thursday, February 27th. Finally, Wedbush reiterated an “outperform” rating and set a $55.00 target price on shares of Advance Auto Parts in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $44.50.

Insider Buying and Selling at Advance Auto Parts

In related news, CEO Shane M. Okelly acquired 1,500 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were bought at an average price of $36.79 per share, with a total value of $55,185.00. Following the completion of the acquisition, the chief executive officer now owns 183,121 shares in the company, valued at $6,737,021.59. This trade represents a 0.83% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Eugene I. Lee, Jr. bought 14,640 shares of the stock in a transaction dated Thursday, March 6th. The stock was bought at an average price of $34.15 per share, with a total value of $499,956.00. Following the acquisition, the director now owns 34,070 shares in the company, valued at approximately $1,163,490.50. This represents a 75.35% increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is owned by insiders.

Advance Auto Parts Price Performance

Advance Auto Parts stock opened at $34.13 on Wednesday. The company has a current ratio of 1.34, a quick ratio of 0.62 and a debt-to-equity ratio of 0.69. The company has a fifty day simple moving average of $34.30 and a 200-day simple moving average of $40.28. The stock has a market cap of $2.04 billion, a P/E ratio of 46.75, a price-to-earnings-growth ratio of 1.98 and a beta of 0.93. Advance Auto Parts, Inc. has a 12-month low of $28.89 and a 12-month high of $73.16.

Advance Auto Parts 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.