Advance Auto Parts Inc (AAP) Stake Held by TPG Group Holdings SBS Advisors Inc.
TPG Group Holdings SBS Advisors Inc. held its stake in shares of 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 owned 14,024 shares of the company’s stock at the close of the 2nd quarter. TPG Group Holdings SBS Advisors Inc.’s holdings in Advance Auto Parts were worth $1,635,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Van ECK Associates Corp raised its position in shares of Advance Auto Parts by 7.5% in the 1st quarter. Van ECK Associates Corp now owns 966 shares of the company’s stock valued at $143,000 after purchasing an additional 67 shares during the last quarter. Global X Management Co. LLC grew its position in Advance Auto Parts by 28.9% during the 1st quarter. Global X Management Co. LLC now owns 972 shares of the company’s stock worth $144,000 after purchasing an additional 218 shares during the last quarter. Harbour Capital Advisors LLC purchased a new stake in Advance Auto Parts during the 1st quarter worth approximately $148,000. Tobam purchased a new stake in Advance Auto Parts during the 2nd quarter worth approximately $118,000. Finally, QS Investors LLC grew its position in Advance Auto Parts by 0.9% during the 2nd quarter. QS Investors LLC now owns 1,017 shares of the company’s stock worth $119,000 after purchasing an additional 9 shares during the last quarter.
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Advance Auto Parts Inc (NYSE AAP) traded down 4.32% during trading on Wednesday, hitting $94.70. The stock had a trading volume of 1,025,328 shares. The stock’s 50 day moving average price is $96.03 and its 200 day moving average price is $121.05. Advance Auto Parts Inc has a 12-month low of $82.21 and a 12-month high of $177.83. The firm has a market cap of $6.99 billion, a P/E ratio of 18.91 and a beta of 0.92.
Advance Auto Parts (NYSE:AAP) last issued its earnings results on Tuesday, August 15th. The company reported $1.58 earnings per share 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 company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the previous year, the company posted $1.90 earnings per share. The company’s quarterly revenue was up .3% compared to the same quarter last year. On average, analysts anticipate that Advance Auto Parts Inc will post $5.16 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 6th. Stockholders of record on Friday, September 22nd will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, September 21st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.24%. Advance Auto Parts’s payout ratio is 4.80%.
AAP has been the topic of a number of recent analyst reports. BidaskClub lowered shares of Advance Auto Parts from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. BTIG Research reissued a “sell” rating and issued a $109.00 target price (down from $120.00) on shares of Advance Auto Parts in a research report on Thursday, June 22nd. Credit Suisse Group set a $150.00 target price on Advance Auto Parts and gave the company a “buy” rating in a research report on Monday, June 26th. Cleveland Research lowered Advance Auto Parts from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 28th. Finally, Jefferies Group LLC raised their target price on Advance Auto Parts to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, June 28th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $123.08.
Advance Auto Parts 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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