40,120 Shares in Advance Auto Parts, Inc. $AAP Bought by Palumbo Wealth Management LLC

Palumbo Wealth Management LLC purchased a new position in Advance Auto Parts, Inc. (NYSE:AAP) during the 4th quarter, Holdings Channel.com reports. The firm purchased 40,120 shares of the company’s stock, valued at approximately $1,577,000.

Several other large investors also recently bought and sold shares of AAP. Royal Bank of Canada increased its position in Advance Auto Parts by 107.2% in the first quarter. Royal Bank of Canada now owns 79,558 shares of the company’s stock worth $3,119,000 after purchasing an additional 41,157 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Advance Auto Parts by 327.7% in the first quarter. Goldman Sachs Group Inc. now owns 362,918 shares of the company’s stock worth $14,230,000 after purchasing an additional 278,066 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Advance Auto Parts by 14.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 180,979 shares of the company’s stock worth $7,096,000 after purchasing an additional 23,018 shares during the last quarter. Hsbc Holdings PLC increased its position in Advance Auto Parts by 3.1% in the second quarter. Hsbc Holdings PLC now owns 6,306 shares of the company’s stock worth $293,000 after purchasing an additional 191 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Advance Auto Parts in the second quarter worth $8,044,000. Institutional investors own 88.70% of the company’s stock.

Advance Auto Parts Stock Down 0.6%

NYSE AAP opened at $52.66 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.75 and a debt-to-equity ratio of 1.55. The company has a fifty day moving average of $52.74 and a two-hundred day moving average of $50.59. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of 72.14, a PEG ratio of 0.69 and a beta of 1.04. Advance Auto Parts, Inc. has a 52 week low of $28.89 and a 52 week high of $70.00.

Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings data on Friday, February 13th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.41 by $0.45. The company had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.95 billion. Advance Auto Parts had a net margin of 0.51% and a return on equity of 6.23%. Advance Auto Parts’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the firm earned ($10.16) earnings per share. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.10 EPS. On average, analysts predict that Advance Auto Parts, Inc. will post -0.46 earnings per share for the current year.

Advance Auto Parts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, April 10th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Friday, April 10th. Advance Auto Parts’s payout ratio is presently 136.99%.

Wall Street Analysts Forecast Growth

AAP has been the topic of several research reports. Citigroup upgraded shares of Advance Auto Parts from a “hold” rating to a “buy” rating in a research report on Wednesday, January 21st. UBS Group restated a “neutral” rating on shares of Advance Auto Parts in a research report on Monday, February 9th. BMO Capital Markets boosted their price target on shares of Advance Auto Parts from $55.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 17th. Morgan Stanley set a $60.00 price target on shares of Advance Auto Parts in a research report on Tuesday, February 17th. Finally, TD Cowen restated a “hold” rating on shares of Advance Auto Parts in a research report on Tuesday, February 17th. Two investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Advance Auto Parts currently has a consensus rating of “Reduce” and an average price target of $52.93.

About Advance Auto Parts

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.