16,900 Shares in Advance Auto Parts, Inc. $AAP Bought by Versor Investments LP

Versor Investments LP purchased a new position in shares of Advance Auto Parts, Inc. (NYSE:AAP) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 16,900 shares of the company’s stock, valued at approximately $786,000.

A number of other institutional investors also recently bought and sold shares of AAP. Teacher Retirement System of Texas purchased a new position in shares of Advance Auto Parts during the first quarter worth about $342,000. Principal Financial Group Inc. grew its holdings in shares of Advance Auto Parts by 2.4% during the first quarter. Principal Financial Group Inc. now owns 294,537 shares of the company’s stock worth $11,549,000 after buying an additional 6,805 shares during the last quarter. Hexagon Capital Partners LLC grew its holdings in shares of Advance Auto Parts by 189.0% during the first quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock worth $28,000 after buying an additional 465 shares during the last quarter. Stratos Wealth Partners LTD. grew its holdings in shares of Advance Auto Parts by 6.4% during the first quarter. Stratos Wealth Partners LTD. now owns 9,811 shares of the company’s stock worth $385,000 after buying an additional 588 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Advance Auto Parts by 22.3% during the first quarter. Nisa Investment Advisors LLC now owns 24,088 shares of the company’s stock worth $944,000 after buying an additional 4,399 shares during the last quarter. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Advance Auto Parts Stock Up 0.5%

Shares of NYSE:AAP opened at $47.39 on Tuesday. The company has a market cap of $2.84 billion, a price-to-earnings ratio of -7.44 and a beta of 1.08. Advance Auto Parts, Inc. has a fifty-two week low of $28.89 and a fifty-two week high of $70.00. The firm’s 50-day simple moving average is $57.83 and its 200-day simple moving average is $51.98. The company has a quick ratio of 0.49, a current ratio of 1.27 and a debt-to-equity ratio of 0.68.

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

Advance Auto Parts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 9th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, January 9th. Advance Auto Parts’s dividend payout ratio (DPR) is presently -15.90%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AAP. Truist Financial raised their price target on Advance Auto Parts from $50.00 to $59.00 and gave the stock a “hold” rating in a report on Thursday, October 30th. Roth Capital reissued a “neutral” rating and set a $55.00 price target (up previously from $50.00) on shares of Advance Auto Parts in a report on Monday, October 27th. Citigroup lowered their price target on Advance Auto Parts from $60.00 to $55.00 and set a “neutral” rating on the stock in a report on Friday. Wolfe Research began coverage on shares of Advance Auto Parts in a report on Thursday, September 18th. They issued a “peer perform” rating on the stock. Finally, Wall Street Zen raised shares of Advance Auto Parts from a “sell” rating to a “hold” rating in a report on Saturday, August 16th. One equities research analyst has rated the stock with a Buy rating, nineteen have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target 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.