Advance Auto Parts, Inc. $AAP Holdings Lowered by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. trimmed its stake in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 25.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 7,328 shares of the company’s stock after selling 2,483 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Advance Auto Parts were worth $341,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of AAP. Pzena Investment Management LLC lifted its holdings in shares of Advance Auto Parts by 31.8% during the first quarter. Pzena Investment Management LLC now owns 4,312,508 shares of the company’s stock valued at $169,093,000 after purchasing an additional 1,041,611 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of Advance Auto Parts by 302.5% during the first quarter. Federated Hermes Inc. now owns 1,358,764 shares of the company’s stock valued at $53,277,000 after purchasing an additional 1,021,181 shares during the last quarter. Invenomic Capital Management LP lifted its holdings in shares of Advance Auto Parts by 281.2% during the first quarter. Invenomic Capital Management LP now owns 600,895 shares of the company’s stock valued at $23,561,000 after purchasing an additional 443,251 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of Advance Auto Parts during the first quarter valued at $15,882,000. Finally, Estuary Capital Management LP lifted its stake in Advance Auto Parts by 31.7% in the 1st quarter. Estuary Capital Management LP now owns 1,258,270 shares of the company’s stock worth $49,337,000 after acquiring an additional 303,153 shares in the last quarter. 88.70% of the stock is owned by hedge funds and other institutional investors.

Advance Auto Parts Stock Performance

Shares of NYSE AAP opened at $54.43 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.49 and a current ratio of 1.27. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of -8.54 and a beta of 1.08. The business’s 50-day simple moving average is $58.41 and its 200-day simple moving average is $50.74. Advance Auto Parts, Inc. has a 52 week low of $28.89 and a 52 week high of $70.00.

Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings data on Thursday, July 24th. The company reported ($0.22) EPS for the quarter. The company had revenue of $2.58 billion for the quarter. Advance Auto Parts had a negative net margin of 4.37% and a negative return on equity of 1.97%. Advance Auto Parts has set its Q2 2025 guidance at EPS. As a group, equities research analysts expect that Advance Auto Parts, Inc. will post -0.46 earnings per share for the current fiscal year.

Advance Auto Parts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 24th. Stockholders of record on Friday, October 10th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.8%. Advance Auto Parts’s dividend payout ratio is currently -15.70%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AAP shares. Mizuho increased their price objective on Advance Auto Parts from $44.00 to $54.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. UBS Group reissued a “neutral” rating on shares of Advance Auto Parts in a research note on Tuesday. Weiss Ratings reissued a “sell (d)” rating on shares of Advance Auto Parts in a research note on Friday. DA Davidson set a $65.00 price objective on Advance Auto Parts in a research note on Thursday, August 14th. Finally, Truist Financial reduced their price objective on Advance Auto Parts from $53.00 to $50.00 and set a “hold” rating for the company in a research note on Monday. One analyst has rated the stock with a Buy rating, eighteen have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $52.51.

About Advance Auto Parts

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.