Advance Auto Parts, Inc. $AAP Holdings Lifted by Sei Investments Co.

Sei Investments Co. raised its position in Advance Auto Parts, Inc. (NYSE:AAP) by 96.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,520 shares of the company’s stock after purchasing an additional 37,077 shares during the quarter. Sei Investments Co.’s holdings in Advance Auto Parts were worth $3,984,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in AAP. Price T Rowe Associates Inc. MD grew its holdings in Advance Auto Parts by 18.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,474,546 shares of the company’s stock worth $293,751,000 after buying an additional 1,190,094 shares in the last quarter. Pzena Investment Management LLC raised its stake in Advance Auto Parts by 8.2% during the 1st quarter. Pzena Investment Management LLC now owns 4,301,089 shares of the company’s stock valued at $226,882,000 after acquiring an additional 327,596 shares in the last quarter. Federated Hermes Inc. raised its stake in Advance Auto Parts by 4.4% during the 4th quarter. Federated Hermes Inc. now owns 2,811,675 shares of the company’s stock valued at $110,499,000 after acquiring an additional 117,648 shares in the last quarter. State Street Corp boosted its position in Advance Auto Parts by 3.9% during the 4th quarter. State Street Corp now owns 2,499,981 shares of the company’s stock worth $98,249,000 after acquiring an additional 92,861 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Advance Auto Parts by 15.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,127,948 shares of the company’s stock worth $112,243,000 after acquiring an additional 282,591 shares during the period. Institutional investors own 88.70% of the company’s stock.

Advance Auto Parts Trading Down 2.9%

Shares of Advance Auto Parts stock opened at $57.88 on Friday. The business has a fifty day simple moving average of $57.72 and a 200-day simple moving average of $54.86. Advance Auto Parts, Inc. has a fifty-two week low of $37.89 and a fifty-two week high of $65.21. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 80.39, a price-to-earnings-growth ratio of 0.98 and a beta of 1.03. The company has a quick ratio of 0.85, a current ratio of 1.78 and a debt-to-equity ratio of 1.54.

Advance Auto Parts (NYSE:AAP) last released its earnings results on Thursday, May 21st. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.38. Advance Auto Parts had a return on equity of 8.95% and a net margin of 0.51%.The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same period in the previous year, the company earned $0.40 earnings per share. 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. On average, equities analysts forecast that Advance Auto Parts, Inc. will post 2.94 EPS for the current fiscal year.

Advance Auto Parts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were given a dividend of $0.25 per share. The ex-dividend date was Friday, July 10th. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. Advance Auto Parts’s dividend payout ratio (DPR) is 138.89%.

Analyst Ratings Changes

A number of brokerages have recently commented on AAP. The Goldman Sachs Group raised their price target on Advance Auto Parts from $49.00 to $54.00 and gave the company a “sell” rating in a report on Friday, May 22nd. Truist Financial upped their price objective on shares of Advance Auto Parts from $55.00 to $62.00 and gave the stock a “hold” rating in a report on Thursday, May 21st. Morgan Stanley increased their target price 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. UBS Group upped their price target on shares of Advance Auto Parts from $60.00 to $65.00 and gave the stock a “neutral” rating in a research note on Friday, May 22nd. Finally, Royal Bank Of Canada increased their price objective on shares of Advance Auto Parts from $62.00 to $65.00 and gave the company a “sector perform” rating in a report on Friday, May 22nd. Two analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Advance Auto Parts currently has a consensus rating of “Hold” and a consensus price target of $58.97.

Advance Auto Parts 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.