Havemeyer Place LP Acquires Shares of 18,499 Advance Auto Parts, Inc. $AAP

Havemeyer Place LP acquired a new stake in Advance Auto Parts, Inc. (NYSE:AAP) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 18,499 shares of the company’s stock, valued at approximately $727,000.

Other institutional investors have also recently bought and sold shares of the company. CSM Advisors LLC grew its stake in Advance Auto Parts by 71.6% in the 3rd quarter. CSM Advisors LLC now owns 89,867 shares of the company’s stock valued at $5,517,000 after purchasing an additional 37,486 shares during the period. Fluent Financial LLC bought a new position in Advance Auto Parts in the 4th quarter valued at $6,228,000. Cramer Rosenthal Mcglynn LLC bought a new position in Advance Auto Parts in the 3rd quarter valued at $3,950,000. Royce & Associates LP grew its stake in Advance Auto Parts by 30.5% in the 4th quarter. Royce & Associates LP now owns 1,478,633 shares of the company’s stock valued at $58,110,000 after purchasing an additional 345,217 shares during the period. Finally, Palumbo Wealth Management LLC bought a new position in Advance Auto Parts in the 4th quarter valued at $1,577,000. Institutional investors own 88.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on AAP. Evercore set a $60.00 price objective on Advance Auto Parts in a research note on Wednesday, February 11th. Weiss Ratings raised Advance Auto Parts from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Royal Bank Of Canada upped their price target on 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. UBS Group upped their price target on Advance Auto Parts from $60.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft raised Advance Auto Parts to a “buy” rating in a research report on Friday, May 22nd. 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 company. According to data from MarketBeat.com, Advance Auto Parts presently has an average rating of “Hold” and an average target price of $58.66.

Advance Auto Parts Stock Up 2.7%

Shares of NYSE AAP opened at $58.35 on Tuesday. Advance Auto Parts, Inc. has a one year low of $37.89 and a one year high of $70.00. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.78 and a quick ratio of 0.85. The business’s fifty day moving average price is $55.45 and its 200-day moving average price is $51.11. The stock has a market capitalization of $3.52 billion, a PE ratio of 81.04, a P/E/G ratio of 0.93 and a beta of 1.05.

Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings results on Thursday, May 21st. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.38. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.05 billion. Advance Auto Parts had a return on equity of 8.95% and a net margin of 0.51%.The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.40 EPS. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS. On average, equities research analysts anticipate that Advance Auto Parts, Inc. will post 2.95 EPS for the current year.

Advance Auto Parts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.00 dividend on an annualized basis and a yield of 1.7%. Advance Auto Parts’s dividend payout ratio is 138.89%.

About Advance Auto Parts

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.