Boston Partners raised its position in Advance Auto Parts Inc (NYSE:AAP) by 4.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 733,563 shares of the company’s stock after buying an additional 29,337 shares during the period. Boston Partners’ holdings in Advance Auto Parts were worth $85,526,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Schwab Charles Investment Management Inc. increased its position in shares of Advance Auto Parts by 7.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 248,136 shares of the company’s stock worth $28,931,000 after buying an additional 18,256 shares during the period. Stoneridge Investment Partners LLC increased its position in shares of Advance Auto Parts by 30.0% in the second quarter. Stoneridge Investment Partners LLC now owns 37,301 shares of the company’s stock worth $4,349,000 after buying an additional 8,615 shares during the period. Global X Management Co. LLC increased its position in shares of Advance Auto Parts by 14.3% in the second quarter. Global X Management Co. LLC now owns 1,111 shares of the company’s stock worth $130,000 after buying an additional 139 shares during the period. Beach Investment Management LLC. acquired a new position in shares of Advance Auto Parts during the second quarter worth approximately $1,322,000. Finally, Retirement Systems of Alabama increased its position in shares of Advance Auto Parts by 0.4% in the second quarter. Retirement Systems of Alabama now owns 35,804 shares of the company’s stock worth $4,174,000 after buying an additional 149 shares during the period.

Advance Auto Parts Inc (AAP) opened at 107.34 on Friday. The firm has a market capitalization of $7.92 billion, a P/E ratio of 19.45 and a beta of 0.87. Advance Auto Parts Inc has a 52-week low of $99.13 and a 52-week high of $177.83. The company’s 50-day moving average is $108.57 and its 200-day moving average is $137.82.

Advance Auto Parts (NYSE:AAP) last posted its earnings results on Wednesday, May 24th. The company reported $1.60 EPS for the quarter, missing the Zacks’ consensus estimate of $2.20 by $0.60. The company had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Advance Auto Parts had a net margin of 4.31% and a return on equity of 16.02%. The company’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period last year, the business earned $2.51 earnings per share. On average, analysts predict that Advance Auto Parts Inc will post $6.37 EPS for the current year.

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A number of equities analysts recently commented on the stock. UBS AG reissued a “buy” rating and issued a $155.00 price objective (down previously from $170.00) on shares of Advance Auto Parts in a research note on Monday, August 7th. BidaskClub raised shares of Advance Auto Parts from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Deutsche Bank AG reaffirmed a “buy” rating and issued a $139.00 price target (down from $164.00) on shares of Advance Auto Parts in a report on Friday, July 21st. Credit Suisse Group reaffirmed an “outperform” rating and issued a $135.00 price target (down from $150.00) on shares of Advance Auto Parts in a report on Monday, July 17th. Finally, BTIG Research reaffirmed a “sell” rating and issued a $90.00 price target (down from $109.00) on shares of Advance Auto Parts in a report on Thursday, July 13th. Five investment analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $149.06.

In other Advance Auto Parts news, insider Thomas Greco acquired 16,000 shares of the stock in a transaction on Friday, May 26th. The shares were bought at an average cost of $134.63 per share, with a total value of $2,154,080.00. Following the transaction, the insider now owns 111,030 shares of the company’s stock, valued at approximately $14,947,968.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eugene I. Lee, Jr. acquired 1,895 shares of the stock in a transaction on Friday, May 26th. The shares were acquired at an average cost of $132.18 per share, for a total transaction of $250,481.10. Following the completion of the transaction, the director now directly owns 4,398 shares in the company, valued at approximately $581,327.64. The disclosure for this purchase can be found here. Insiders have acquired a total of 369,462 shares of company stock worth $49,617,073 over the last three months. 4.50% of the stock is currently owned by insiders.

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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