California State Teachers Retirement System trimmed its stake in Advance Auto Parts, Inc. (NYSE:AAP) by 1.6% in the 4th quarter, Holdings Channel reports. The firm owned 118,778 shares of the company’s stock after selling 1,989 shares during the period. California State Teachers Retirement System’s holdings in Advance Auto Parts were worth $18,703,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Legacy Financial Advisors Inc. bought a new stake in shares of Advance Auto Parts in the 4th quarter valued at approximately $38,000. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Advance Auto Parts by 38.2% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 329 shares of the company’s stock valued at $52,000 after purchasing an additional 91 shares during the last quarter. Enlightenment Research LLC bought a new stake in shares of Advance Auto Parts in the 4th quarter valued at approximately $79,000. NINE MASTS CAPITAL Ltd bought a new stake in shares of Advance Auto Parts in the 3rd quarter valued at approximately $164,000. Finally, Dupont Capital Management Corp lifted its stake in shares of Advance Auto Parts by 14.9% in the 4th quarter. Dupont Capital Management Corp now owns 1,043 shares of the company’s stock valued at $164,000 after purchasing an additional 135 shares during the last quarter. 97.02% of the stock is owned by institutional investors and hedge funds.

Shares of AAP stock opened at $154.84 on Friday. Advance Auto Parts, Inc. has a 52-week low of $102.15 and a 52-week high of $186.15. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.57 and a quick ratio of 0.44. The company has a market cap of $11.10 billion, a P/E ratio of 21.72, a price-to-earnings-growth ratio of 1.48 and a beta of 1.00.

Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings results on Tuesday, February 19th. The company reported $1.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.03. Advance Auto Parts had a return on equity of 14.64% and a net margin of 4.42%. The firm had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.10 billion. During the same period last year, the company earned $0.77 EPS. Advance Auto Parts’s quarterly revenue was up 3.3% compared to the same quarter last year. Research analysts expect that Advance Auto Parts, Inc. will post 8.12 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Friday, March 22nd will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.15%. The ex-dividend date is Thursday, March 21st. Advance Auto Parts’s dividend payout ratio is currently 3.37%.

Several equities research analysts have recently issued reports on AAP shares. Zacks Investment Research lowered Advance Auto Parts from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. Bank of America raised Advance Auto Parts from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 9th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $187.76.

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About Advance Auto Parts

Advance Auto Parts, Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories, belts and hoses, brakes and brake pads, chassis and climate control parts, clutches and drive shafts, engines and engine parts, exhaust systems and parts, hub assemblies, ignition components and wires, radiators and cooling parts, starters and alternators, and steering and alignment parts.

Further Reading: Market Capitalization and Individual Investors

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

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