Advance Auto Parts, Inc. $AAP Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lessened its stake in Advance Auto Parts, Inc. (NYSE:AAP) by 14.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 676,503 shares of the company’s stock after selling 114,321 shares during the period. Segall Bryant & Hamill LLC owned about 1.13% of Advance Auto Parts worth $41,537,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Federated Hermes Inc. boosted its holdings in Advance Auto Parts by 12.8% during the third quarter. Federated Hermes Inc. now owns 2,694,027 shares of the company’s stock worth $165,413,000 after buying an additional 306,702 shares in the last quarter. State Street Corp boosted its stake in shares of Advance Auto Parts by 13.5% during the 2nd quarter. State Street Corp now owns 2,406,039 shares of the company’s stock worth $111,857,000 after acquiring an additional 286,148 shares in the last quarter. American Century Companies Inc. grew its position in shares of Advance Auto Parts by 559.0% during the 3rd quarter. American Century Companies Inc. now owns 1,519,591 shares of the company’s stock valued at $93,303,000 after acquiring an additional 1,288,986 shares during the period. Geode Capital Management LLC grew its position in shares of Advance Auto Parts by 48.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,416,636 shares of the company’s stock valued at $65,867,000 after acquiring an additional 461,761 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of Advance Auto Parts by 6.5% in the 2nd quarter. Bank of America Corp DE now owns 947,754 shares of the company’s stock valued at $44,061,000 after purchasing an additional 57,900 shares in the last quarter. 88.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on AAP shares. 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 research report on Tuesday, February 17th. DA Davidson set a $58.00 target price on Advance Auto Parts in a research report on Tuesday, February 17th. Citigroup raised shares of Advance Auto Parts from a “hold” rating to a “buy” rating in a report on Wednesday, January 21st. Northcoast Research upgraded shares of Advance Auto Parts from a “neutral” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Wednesday, January 21st. Finally, Roth Mkm reiterated a “neutral” rating and issued a $57.00 target price on shares of Advance Auto Parts in a research report on Thursday, February 19th. Two analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Advance Auto Parts has an average rating of “Reduce” and a consensus target price of $52.93.

Advance Auto Parts Stock Performance

NYSE:AAP opened at $53.07 on Tuesday. The company has a market cap of $3.19 billion, a P/E ratio of 72.70, a P/E/G ratio of 0.72 and a beta of 1.11. Advance Auto Parts, Inc. has a twelve month low of $28.89 and a twelve month high of $70.00. The company’s 50-day moving average price is $47.96 and its 200-day moving average price is $52.10. The company has a current ratio of 1.75, a quick ratio of 0.87 and a debt-to-equity ratio of 1.55.

Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings data on Friday, February 13th. The company reported $0.86 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the prior year, the company earned ($10.16) EPS. Advance Auto Parts’s revenue was down 1.2% compared to the same quarter last year. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.10 EPS. On average, sell-side analysts forecast that Advance Auto Parts, Inc. will post -0.46 earnings per share for the current fiscal year.

Advance Auto Parts Announces Dividend

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

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.