Advance Auto Parts, Inc. (AAP) Shares Sold by Yorktown Management & Research Co Inc
Yorktown Management & Research Co Inc decreased its holdings in Advance Auto Parts, Inc. (NYSE:AAP) by 48.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,000 shares of the company’s stock after selling 2,800 shares during the period. Yorktown Management & Research Co Inc’s holdings in Advance Auto Parts were worth $299,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the business. Arlington Value Capital LLC raised its stake in Advance Auto Parts by 1,435.9% in the fourth quarter. Arlington Value Capital LLC now owns 499,283 shares of the company’s stock valued at $49,773,000 after buying an additional 466,776 shares during the period. Allianz Asset Management GmbH bought a new stake in Advance Auto Parts in the fourth quarter valued at approximately $282,000. Amalgamated Bank raised its stake in Advance Auto Parts by 9.7% in the fourth quarter. Amalgamated Bank now owns 9,122 shares of the company’s stock valued at $909,000 after buying an additional 808 shares during the period. Assetmark Inc. raised its stake in Advance Auto Parts by 71.6% in the fourth quarter. Assetmark Inc. now owns 1,488 shares of the company’s stock valued at $148,000 after buying an additional 621 shares during the period. Finally, Mackenzie Financial Corp bought a new stake in Advance Auto Parts in the fourth quarter valued at approximately $41,392,000.
In other Advance Auto Parts news, Director John C. Brouillard sold 1,745 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $116.08, for a total transaction of $202,559.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 4.10% of the stock is owned by company insiders.
Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.77 EPS for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.12. Advance Auto Parts had a return on equity of 12.45% and a net margin of 5.07%. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the company earned $1.00 EPS. The company’s revenue was down 2.2% on a year-over-year basis. research analysts expect that Advance Auto Parts, Inc. will post 6.74 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 6th. Shareholders of record on Friday, March 23rd will be paid a dividend of $0.06 per share. The ex-dividend date is Thursday, March 22nd. This represents a $0.24 dividend on an annualized basis and a yield of 0.21%. Advance Auto Parts’s dividend payout ratio (DPR) is presently 3.74%.
Several analysts have issued reports on the company. Morgan Stanley upped their price objective on Advance Auto Parts from $92.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, November 8th. Royal Bank of Canada upped their price objective on Advance Auto Parts from $100.00 to $109.00 and gave the company an “outperform” rating in a research note on Wednesday, November 15th. Moffett Nathanson assumed coverage on Advance Auto Parts in a research note on Monday, December 4th. They issued a “neutral” rating on the stock. Barclays restated an “equal weight” rating and issued a $114.00 price objective (up previously from $105.00) on shares of Advance Auto Parts in a research note on Thursday, February 22nd. Finally, Zacks Investment Research lowered Advance Auto Parts from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $112.14.
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About Advance Auto Parts
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.
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