Commerzbank Aktiengesellschaft FI acquired a new position in shares of Advance Auto Parts Inc (NYSE:AAP) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,562 shares of the company’s stock, valued at approximately $254,000.

Other institutional investors also recently modified their holdings of the company. Strs Ohio raised its holdings in Advance Auto Parts by 3.8% in the 2nd quarter. Strs Ohio now owns 4,107 shares of the company’s stock valued at $478,000 after acquiring an additional 152 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Advance Auto Parts by 92.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 3,570 shares of the company’s stock valued at $416,000 after buying an additional 1,719 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of Advance Auto Parts by 10.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 2,200 shares of the company’s stock valued at $256,000 after buying an additional 200 shares during the period. IFP Advisors Inc grew its stake in shares of Advance Auto Parts by 57.5% during the 2nd quarter. IFP Advisors Inc now owns 1,208 shares of the company’s stock valued at $141,000 after buying an additional 441 shares during the period. Finally, Retirement Systems of Alabama grew its stake in shares of Advance Auto Parts by 0.4% during the 2nd quarter. Retirement Systems of Alabama now owns 35,804 shares of the company’s stock valued at $4,174,000 after buying an additional 149 shares during the period.

Several analysts have recently issued reports on AAP shares. BTIG Research reissued a “sell” rating and set a $75.00 price objective (down from $90.00) on shares of Advance Auto Parts in a research note on Wednesday, October 25th. Zacks Investment Research raised shares of Advance Auto Parts from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Jefferies Group reissued a “buy” rating and set a $130.00 price objective on shares of Advance Auto Parts in a research note on Tuesday, September 12th. Citigroup cut shares of Advance Auto Parts from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, October 4th. Finally, Bank of America reaffirmed an “underperform” rating and set a $87.50 price target on shares of Advance Auto Parts in a research report on Tuesday, September 5th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $104.89.

Advance Auto Parts Inc (NYSE:AAP) opened at $100.85 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.52 and a quick ratio of 0.32. The firm has a market cap of $7,412.71, a PE ratio of 17.88, a price-to-earnings-growth ratio of 1.80 and a beta of 1.00. Advance Auto Parts Inc has a 12-month low of $78.81 and a 12-month high of $177.50.

Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings data on Tuesday, November 14th. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.18. The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Advance Auto Parts had a net margin of 3.75% and a return on equity of 13.51%. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.73 EPS. equities research analysts predict that Advance Auto Parts Inc will post 5.22 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 22nd will be given a $0.06 dividend. The ex-dividend date of this dividend is Thursday, December 21st. This represents a $0.24 dividend on an annualized basis and a yield of 0.24%. Advance Auto Parts’s payout ratio is currently 5.03%.

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Advance Auto Parts Company Profile

Advance Auto Parts, Inc provides automotive aftermarket parts in North America, serving do-it-for-me (Professional) and do-it-yourself (DIY), customers. The Company’s stores and branches offer a selection of brand name, original equipment manufacturer (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks.

Institutional Ownership by Quarter for Advance Auto Parts (NYSE:AAP)

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