Advance Auto Parts, Inc. $AAP Shares Bought by Gabelli Funds LLC

Gabelli Funds LLC raised its stake in Advance Auto Parts, Inc. (NYSE:AAP) by 45.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,899 shares of the company’s stock after acquiring an additional 39,574 shares during the period. Gabelli Funds LLC owned 0.21% of Advance Auto Parts worth $6,641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in AAP. Hsbc Holdings PLC boosted its position in shares of Advance Auto Parts by 3.1% in the 2nd quarter. Hsbc Holdings PLC now owns 6,306 shares of the company’s stock valued at $293,000 after purchasing an additional 191 shares during the period. PNC Financial Services Group Inc. increased its position in Advance Auto Parts by 9.9% during the first quarter. PNC Financial Services Group Inc. now owns 2,224 shares of the company’s stock worth $117,000 after buying an additional 200 shares during the period. AlphaCore Capital LLC lifted its stake in Advance Auto Parts by 53.6% in the fourth quarter. AlphaCore Capital LLC now owns 883 shares of the company’s stock valued at $35,000 after buying an additional 308 shares during the last quarter. ProShare Advisors LLC lifted its stake in Advance Auto Parts by 3.2% in the fourth quarter. ProShare Advisors LLC now owns 11,673 shares of the company’s stock valued at $459,000 after buying an additional 362 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in shares of Advance Auto Parts by 1.2% in the fourth quarter. State of Alaska Department of Revenue now owns 30,554 shares of the company’s stock valued at $1,200,000 after acquiring an additional 371 shares during the period. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Advance Auto Parts Price Performance

Shares of NYSE AAP opened at $57.75 on Tuesday. The stock has a fifty day moving average price of $57.46 and a 200 day moving average price of $54.02. Advance Auto Parts, Inc. has a 1-year low of $37.89 and a 1-year high of $65.21. 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 company has a market cap of $3.49 billion, a PE ratio of 80.21, a P/E/G ratio of 0.92 and a beta of 1.03.

Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings data on Thursday, May 21st. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.38. Advance Auto Parts had a net margin of 0.51% and a return on equity of 8.95%. The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same period in the previous year, the company posted $0.40 EPS. Advance Auto Parts’s revenue was up 1.2% compared to the same quarter last year. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS. Sell-side analysts forecast that Advance Auto Parts, Inc. will post 2.94 EPS for the current year.

Advance Auto Parts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were given a $0.25 dividend. The ex-dividend date was 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 (DPR) is presently 138.89%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Royal Bank Of Canada raised their target price on shares of Advance Auto Parts from $62.00 to $65.00 and gave the stock a “sector perform” rating in a research report on Friday, May 22nd. Morgan Stanley upped their price target on shares of Advance Auto Parts from $60.00 to $65.00 and gave the company an “equal weight” rating in a research report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft raised shares of Advance Auto Parts to a “buy” rating in a research report on Friday, May 22nd. BMO Capital Markets upped their target price on shares of Advance Auto Parts from $60.00 to $65.00 and gave the company a “market perform” rating in a report on Friday, May 22nd. Finally, Mizuho raised their price target on Advance Auto Parts from $54.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, May 26th. Two research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Advance Auto Parts has a consensus rating of “Hold” and a consensus target price of $58.66.

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.