Oppenheimer Asset Management Inc. lifted its position in shares of Advance Auto Parts Inc (NYSE:AAP) by 4.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,582 shares of the company’s stock after purchasing an additional 68 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Advance Auto Parts were worth $184,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AAP. BlackRock Inc. grew its stake in Advance Auto Parts by 3,142.5% in the 1st quarter. BlackRock Inc. now owns 4,320,280 shares of the company’s stock valued at $640,524,000 after buying an additional 4,187,042 shares during the last quarter. Lazard Asset Management LLC grew its stake in Advance Auto Parts by 45.7% in the 1st quarter. Lazard Asset Management LLC now owns 3,135,361 shares of the company’s stock valued at $464,848,000 after buying an additional 983,616 shares during the last quarter. Neuberger Berman Group LLC grew its stake in 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 buying an additional 889,809 shares during the last quarter. Bessemer Group Inc. grew its stake in 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 buying an additional 795,132 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its stake in Advance Auto Parts by 51.2% in the 1st quarter. Point72 Asset Management L.P. now owns 1,538,878 shares of the company’s stock valued at $228,154,000 after buying an additional 521,078 shares during the last quarter.

Shares of Advance Auto Parts Inc (NYSE:AAP) opened at 93.68 on Friday. Advance Auto Parts Inc has a one year low of $82.21 and a one year high of $177.83. The company has a market cap of $6.92 billion, a P/E ratio of 18.70 and a beta of 0.90. The stock’s 50 day moving average is $99.61 and its 200-day moving average is $125.12.

Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings data on Tuesday, August 15th. The company reported $1.58 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.07). The firm had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.26 billion. Advance Auto Parts had a net margin of 3.91% and a return on equity of 14.71%. Advance Auto Parts’s revenue was up .3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.90 EPS. Equities research analysts forecast that Advance Auto Parts Inc will post $5.16 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 6th. Investors of record on Friday, September 22nd will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, September 21st. This represents a $0.24 annualized dividend and a yield of 0.25%. Advance Auto Parts’s dividend payout ratio is currently 4.80%.

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A number of brokerages recently commented on AAP. Citigroup Inc. decreased their price target on shares of Advance Auto Parts from $168.00 to $148.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 30th. Morgan Stanley reiterated an “overweight” rating and issued a $160.00 price target (down previously from $185.00) on shares of Advance Auto Parts in a research note on Sunday, May 28th. Wedbush reiterated an “outperform” rating and issued a $160.00 price target (down previously from $185.00) on shares of Advance Auto Parts in a research note on Sunday, May 28th. Barclays PLC reiterated a “sell” rating and issued a $120.00 price target on shares of Advance Auto Parts in a research note on Friday, May 26th. Finally, Royal Bank Of Canada decreased their price target on shares of Advance Auto Parts from $168.00 to $153.00 and set an “outperform” rating on the stock in a research note on Thursday, May 25th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $123.08.

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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