Advance Auto Parts, Inc. $AAP Shares Bought by AMG National Trust Bank

AMG National Trust Bank grew its stake in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 29.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 56,403 shares of the company’s stock after acquiring an additional 12,788 shares during the period. AMG National Trust Bank’s holdings in Advance Auto Parts were worth $2,622,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of AAP. GAMMA Investing LLC lifted its position in shares of Advance Auto Parts by 209.3% during the 1st quarter. GAMMA Investing LLC now owns 4,871 shares of the company’s stock valued at $191,000 after acquiring an additional 3,296 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Advance Auto Parts during the 1st quarter valued at $342,000. Principal Financial Group Inc. lifted its position in shares of Advance Auto Parts by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 294,537 shares of the company’s stock valued at $11,549,000 after acquiring an additional 6,805 shares during the last quarter. Hexagon Capital Partners LLC lifted its position in shares of Advance Auto Parts by 189.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock valued at $28,000 after acquiring an additional 465 shares during the last quarter. Finally, Stratos Wealth Partners LTD. lifted its position in shares of Advance Auto Parts by 6.4% during the 1st quarter. Stratos Wealth Partners LTD. now owns 9,811 shares of the company’s stock valued at $385,000 after acquiring an additional 588 shares during the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Advance Auto Parts Trading Down 7.0%

Advance Auto Parts stock opened at $47.16 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.27 and a quick ratio of 0.49. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of -7.40 and a beta of 1.08. Advance Auto Parts, Inc. has a one year low of $28.89 and a one year high of $70.00. The company’s fifty day moving average price is $58.07 and its two-hundred day moving average price is $51.59.

Advance Auto Parts (NYSE:AAP) last posted its earnings results on Thursday, October 30th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.74 by $0.18. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.02 billion. Advance Auto Parts had a negative net margin of 4.37% and a negative return on equity of 1.97%. The business’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.04) earnings per share. Advance Auto Parts has set its FY 2025 guidance at 1.750-1.850 EPS. On average, analysts forecast that Advance Auto Parts, Inc. will post -0.46 earnings per share for the current fiscal year.

Advance Auto Parts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 9th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, January 9th. Advance Auto Parts’s dividend payout ratio is presently -15.70%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Wolfe Research assumed coverage on Advance Auto Parts in a research report on Thursday, September 18th. They set a “peer perform” rating for the company. JPMorgan Chase & Co. boosted their target price on shares of Advance Auto Parts from $44.00 to $62.00 and gave the company a “neutral” rating in a research note on Friday. UBS Group set a $40.00 target price on shares of Advance Auto Parts in a research note on Thursday. Evercore ISI boosted their target price on shares of Advance Auto Parts from $56.00 to $58.00 and gave the company an “in-line” rating in a research note on Tuesday, August 12th. Finally, DA Davidson cut their target price on shares of Advance Auto Parts from $63.00 to $55.00 and set a “neutral” rating on the stock in a research note on Friday. One investment analyst has rated the stock with a Buy rating, nineteen have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $51.78.

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.