Jupiter Topco LLC Buys Shares of 27,924 Advance Auto Parts, Inc. $AAP

Jupiter Topco LLC purchased a new position in Advance Auto Parts, Inc. (NYSE:AAP) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 27,924 shares of the company’s stock, valued at approximately $1,740,000.

Other large investors have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Advance Auto Parts during the 2nd quarter valued at $581,909,000. Price T Rowe Associates Inc. MD grew its stake in Advance Auto Parts by 18.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,474,546 shares of the company’s stock worth $293,751,000 after buying an additional 1,190,094 shares during the last quarter. Pzena Investment Management LLC purchased a new position in Advance Auto Parts during the 2nd quarter worth $273,115,000. Federated Hermes Inc. grew its stake in Advance Auto Parts by 4.4% during the 4th quarter. Federated Hermes Inc. now owns 2,811,675 shares of the company’s stock worth $110,499,000 after buying an additional 117,648 shares during the last quarter. Finally, State Street Corp increased its position in Advance Auto Parts by 3.9% during the 4th quarter. State Street Corp now owns 2,499,981 shares of the company’s stock valued at $98,249,000 after buying an additional 92,861 shares in the last quarter. 88.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AAP has been the subject of a number of research analyst reports. BMO Capital Markets reiterated a “market perform” rating on shares of Advance Auto Parts in a research note on Friday, August 21st. Evercore set a $65.00 price objective on shares of Advance Auto Parts in a report on Tuesday, August 4th. Wells Fargo & Company decreased their price objective on shares of Advance Auto Parts from $60.00 to $50.00 and set an “equal weight” rating for the company in a research report on Friday, August 21st. Barclays lowered their target price on shares of Advance Auto Parts from $59.00 to $50.00 and set an “equal weight” rating for the company in a research note on Friday, August 21st. Finally, Morgan Stanley dropped their target price on shares of Advance Auto Parts from $65.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Friday, August 21st. Two equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $50.19.

Advance Auto Parts Stock Down 0.3%

Advance Auto Parts stock opened at $42.69 on Friday. The business’s 50-day simple moving average is $53.79 and its two-hundred day simple moving average is $54.59. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.85 and a current ratio of 1.75. The company has a market cap of $2.58 billion, a PE ratio of 31.16, a PEG ratio of 0.69 and a beta of 1.01. Advance Auto Parts, Inc. has a fifty-two week low of $37.89 and a fifty-two week high of $65.21.

Advance Auto Parts (NYSE:AAP) last released its earnings results on Thursday, August 20th. The company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.22. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.04 billion. Advance Auto Parts had a return on equity of 9.84% and a net margin of 0.97%.The company’s revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 earnings per share. Advance Auto Parts has set its FY 2026 guidance at 2.600-3.300 EPS. Equities analysts anticipate that Advance Auto Parts, Inc. will post 2.97 EPS for the current year.

Advance Auto Parts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Friday, October 9th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, October 9th. Advance Auto Parts’s dividend payout ratio is 72.99%.

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.