Pzena Investment Management LLC Has $156.16 Million Position in Advance Auto Parts, Inc. $AAP

Pzena Investment Management LLC cut its position in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 0.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,973,493 shares of the company’s stock after selling 21,559 shares during the period. Pzena Investment Management LLC owned about 0.07% of Advance Auto Parts worth $156,158,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Amalgamated Bank grew its holdings in shares of Advance Auto Parts by 1.1% during the third quarter. Amalgamated Bank now owns 17,270 shares of the company’s stock worth $1,060,000 after buying an additional 185 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of Advance Auto Parts by 3.1% during the second quarter. Hsbc Holdings PLC now owns 6,306 shares of the company’s stock worth $293,000 after buying an additional 191 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Advance Auto Parts by 1.6% during the third quarter. Arizona State Retirement System now owns 17,733 shares of the company’s stock worth $1,089,000 after buying an additional 272 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Advance Auto Parts by 0.6% during the third quarter. Envestnet Asset Management Inc. now owns 54,237 shares of the company’s stock worth $3,330,000 after buying an additional 297 shares in the last quarter. Finally, AlphaCore Capital LLC grew its holdings in shares of Advance Auto Parts by 53.6% during the fourth quarter. AlphaCore Capital LLC now owns 883 shares of the company’s stock worth $35,000 after buying an additional 308 shares in the last quarter. 88.70% of the stock is currently owned by institutional investors.

Advance Auto Parts Trading Up 14.3%

NYSE AAP opened at $58.59 on Friday. The company has a market cap of $3.53 billion, a PE ratio of 80.26, a PEG ratio of 0.90 and a beta of 1.06. The company has a current ratio of 1.75, a quick ratio of 0.87 and a debt-to-equity ratio of 1.55. Advance Auto Parts, Inc. has a 12 month low of $37.89 and a 12 month high of $70.00. The stock has a 50 day moving average of $53.84 and a 200-day moving average of $50.37.

Advance Auto Parts (NYSE:AAP) last released its quarterly earnings data on Thursday, May 21st. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.39 by $0.38. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.57 billion. Advance Auto Parts had a return on equity of 6.23% and a net margin of 0.51%.The firm’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 posted $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 2.77 EPS for the current fiscal year.

Advance Auto Parts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, July 10th. Advance Auto Parts’s payout ratio is currently 136.99%.

Advance Auto Parts News Summary

Here are the key news stories impacting Advance Auto Parts this week:

• Positive Sentiment: Advance Auto Parts posted adjusted EPS of $0.77 versus estimates of $0.39, and revenue of $2.61 billion also topped expectations, signaling better-than-expected execution. BusinessWire earnings release
• Positive Sentiment: Same-store sales rose 3.5%, the strongest quarterly comp growth in five years, helped by mid-single-digit growth in the Pro business and improving DIY demand. WSJ pro-business sales boost
• Positive Sentiment: Margins improved sharply, with adjusted operating margin expanding to 3.8% from the prior year, reinforcing investor confidence that profitability is recovering.
• Positive Sentiment: The company declared a quarterly dividend of $0.25 per share, which can support sentiment by signaling financial stability and capital returns to shareholders.
• Neutral Sentiment: Advance Auto Parts reaffirmed full-year 2026 guidance instead of raising it, suggesting management is confident but still cautious about the pace of recovery.
• Negative Sentiment: Management noted ongoing consumer-spending and geopolitical pressures, and the stock may face some skepticism because the outlook was left below some analyst expectations despite the beat. Benzinga article on consumer spending

Analysts Set New Price Targets

A number of research firms recently issued reports on AAP. Citigroup increased their price objective on Advance Auto Parts from $55.00 to $57.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. DA Davidson set a $58.00 price objective on Advance Auto Parts in a report on Tuesday, February 17th. JPMorgan Chase & Co. decreased their price objective on Advance Auto Parts from $64.00 to $59.00 and set a “neutral” rating for the company in a report on Friday, May 15th. Royal Bank Of Canada lowered their price target on Advance Auto Parts from $63.00 to $62.00 and set a “sector perform” rating on the stock in a research report on Tuesday, May 12th. Finally, UBS Group reissued a “neutral” rating on shares of Advance Auto Parts in a report on Monday, February 9th. One research analyst has rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $53.09.

Advance Auto Parts Company Profile

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.