Fiduciary Trust Co. lifted its position in Advance Auto Parts Inc (NYSE:AAP) by 40.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,128 shares of the company’s stock after acquiring an additional 612 shares during the period. Fiduciary Trust Co.’s holdings in Advance Auto Parts were worth $211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AAP. BlackRock Inc. increased its position in shares of Advance Auto Parts by 25.6% in the 2nd quarter. BlackRock Inc. now owns 5,425,799 shares of the company’s stock valued at $632,593,000 after acquiring an additional 1,105,519 shares during the period. Neuberger Berman Group LLC increased its position in shares of Advance Auto Parts by 6,616.2% in the 2nd quarter. Neuberger Berman Group LLC now owns 903,258 shares of the company’s stock valued at $105,311,000 after acquiring an additional 889,809 shares during the period. Thompson Siegel & Walmsley LLC increased its position in shares of Advance Auto Parts by 279.6% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,147,414 shares of the company’s stock valued at $133,777,000 after acquiring an additional 845,130 shares during the period. Bessemer Group Inc. increased its position in shares of Advance Auto Parts by 193.0% in the 2nd quarter. Bessemer Group Inc. now owns 1,207,206 shares of the company’s stock valued at $140,748,000 after acquiring an additional 795,132 shares during the period. Finally, BT Investment Management Ltd increased its position in shares of Advance Auto Parts by 173.4% in the 3rd quarter. BT Investment Management Ltd now owns 1,022,476 shares of the company’s stock valued at $101,430,000 after acquiring an additional 648,554 shares during the period.

Several equities analysts recently issued reports on the company. Barclays PLC reissued an “equal weight” rating and issued a $90.00 target price (down from $93.00) on shares of Advance Auto Parts in a research report on Wednesday, August 16th. UBS AG reissued a “buy” rating and issued a $118.00 target price (down from $155.00) on shares of Advance Auto Parts in a research report on Wednesday, August 16th. Citigroup Inc. cut their target price on Advance Auto Parts to $99.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 16th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Advance Auto Parts in a research report on Tuesday, August 15th. Finally, Gabelli reissued a “buy” rating on shares of Advance Auto Parts in a research report on Wednesday, August 16th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $116.44.

Shares of Advance Auto Parts Inc (NYSE:AAP) opened at $81.22 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.29 and a current ratio of 1.48. Advance Auto Parts Inc has a 12 month low of $78.81 and a 12 month high of $177.83. The stock has a market cap of $5,942.25, a PE ratio of 13.61, a PEG ratio of 1.47 and a beta of 0.90.

Advance Auto Parts (NYSE:AAP) last posted its earnings results on Tuesday, August 15th. The company reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.07). Advance Auto Parts had a return on equity of 14.71% and a net margin of 3.91%. The firm had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the previous year, the company earned $1.90 earnings per share. The company’s revenue was up .3% compared to the same quarter last year. research analysts predict that Advance Auto Parts Inc will post 5.15 earnings per share for the current year.

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Advance Auto Parts Company Profile

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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Institutional Ownership by Quarter for Advance Auto Parts (NYSE:AAP)

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