Pzena Investment Management LLC Sells 399,912 Shares of Advance Auto Parts, Inc. $AAP

Pzena Investment Management LLC cut its stake in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 9.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,995,052 shares of the company’s stock after selling 399,912 shares during the quarter. Pzena Investment Management LLC owned approximately 0.07% of Advance Auto Parts worth $245,296,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Amalgamated Bank raised its holdings in Advance Auto Parts by 1.1% during the 3rd quarter. Amalgamated Bank now owns 17,270 shares of the company’s stock worth $1,060,000 after purchasing an additional 185 shares during the last quarter. Hsbc Holdings PLC raised its stake in Advance Auto Parts by 3.1% during the second quarter. Hsbc Holdings PLC now owns 6,306 shares of the company’s stock worth $293,000 after buying an additional 191 shares during the last quarter. Arizona State Retirement System lifted its holdings in Advance Auto Parts by 1.6% in the third quarter. Arizona State Retirement System now owns 17,733 shares of the company’s stock valued at $1,089,000 after buying an additional 272 shares during the period. Rockefeller Capital Management L.P. boosted its position in Advance Auto Parts by 2.0% during the second quarter. Rockefeller Capital Management L.P. now owns 14,535 shares of the company’s stock valued at $676,000 after acquiring an additional 283 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Advance Auto Parts by 0.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 54,237 shares of the company’s stock worth $3,330,000 after acquiring an additional 297 shares in the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on AAP shares. Citigroup raised shares of Advance Auto Parts from a “hold” rating to a “buy” rating in a research report on Wednesday, January 21st. TD Cowen restated a “hold” rating on shares of Advance Auto Parts in a research note on Tuesday. Truist Financial increased their price target on Advance Auto Parts from $48.00 to $57.00 and gave the stock a “hold” rating in a report on Tuesday. UBS Group restated a “neutral” rating on shares of Advance Auto Parts in a research note on Monday, February 9th. Finally, Northcoast Research raised shares of Advance Auto Parts from a “neutral” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $52.93.

Advance Auto Parts Stock Performance

Shares of Advance Auto Parts stock opened at $55.96 on Thursday. The firm has a market capitalization of $3.36 billion, a P/E ratio of 76.66, a price-to-earnings-growth ratio of 0.80 and a beta of 1.14. Advance Auto Parts, Inc. has a 12 month low of $28.89 and a 12 month high of $70.00. The company has a current ratio of 1.75, a quick ratio of 0.87 and a debt-to-equity ratio of 1.55. The business’s fifty day simple moving average is $46.36 and its 200 day simple moving average is $52.40.

Advance Auto Parts (NYSE:AAP) last announced 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. Advance Auto Parts had a net margin of 0.51% and a return on equity of 6.23%. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the previous year, the firm posted ($10.16) earnings per share. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.10 EPS. As a group, analysts anticipate that Advance Auto Parts, Inc. will post -0.46 EPS for the current year.

Advance Auto Parts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, April 10th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 10th. This represents a $1.00 annualized dividend and a yield of 1.8%. Advance Auto Parts’s dividend payout ratio is 136.99%.

Advance Auto Parts News Summary

Here are the key news stories impacting Advance Auto Parts this week:

• Positive Sentiment: Q4 results beat expectations — AAP reported better-than-expected Q4 earnings and revenue (EPS and sales topped consensus), and management set FY2026 guidance (EPS range). That beat prompted analysts to raise forecasts, supporting upside potential. Advance Auto Parts Analysts Raise Their Forecasts After Better-Than-Expected Q4 Earnings
• Positive Sentiment: Several firms lifted price targets after the quarter — Royal Bank of Canada raised its PT to $63 (sector perform) and Truist raised its PT to $57 while keeping a hold/neutral view; those raises signal some analyst conviction in the recovery. RBC Adjusts Price Target on Advance Auto Parts to $63
• Neutral Sentiment: Morgan Stanley reiterated a hold rating — the firm is sticking with a neutral view, which suggests limited near-term upside from their perspective. Morgan Stanley Sticks to Their Hold Rating for Advance Auto Parts (AAP)
• Neutral Sentiment: RBC Capital (press coverage) is still labeling AAP a hold despite adjusting targets — mixed messaging from the same/related houses can muddy investor conviction. RBC Capital Remains a Hold on Advance Auto Parts (AAP)
• Negative Sentiment: DA Davidson reaffirmed a neutral (“neutral”) rating with a $47 price target — this implies meaningful downside from recent levels and highlights divergent analyst views. DA Davidson Reaffirms Neutral on Advance Auto Parts
• Negative Sentiment: Technical/valuation and flow considerations: the stock’s P/E is elevated, trading volume was below average today, and several firms retain neutral/hold stances — those factors can limit rally momentum even after an earnings beat. Advance Auto Parts Trading and Valuation Snapshot

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.