Gamco Investors INC. ET AL Has $40.10 Million Position in Advance Auto Parts, Inc. $AAP

Gamco Investors INC. ET AL boosted its stake in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 10.7% in the first quarter, Holdings Channel reports. The firm owned 760,222 shares of the company’s stock after acquiring an additional 73,565 shares during the period. Gamco Investors INC. ET AL’s holdings in Advance Auto Parts were worth $40,102,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its position in shares of Advance Auto Parts by 18.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,474,546 shares of the company’s stock valued at $293,751,000 after purchasing an additional 1,190,094 shares during the period. Maple Rock Capital Partners Inc. boosted its holdings in shares of Advance Auto Parts by 508.2% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 951,790 shares of the company’s stock worth $58,440,000 after buying an additional 795,290 shares during the period. Wellington Management Group LLP acquired a new position in Advance Auto Parts in the 3rd quarter valued at $33,610,000. Private Management Group Inc. acquired a new position in Advance Auto Parts in the 4th quarter valued at $20,123,000. Finally, Ameriprise Financial Inc. raised its holdings in Advance Auto Parts by 196.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 679,926 shares of the company’s stock worth $41,747,000 after acquiring an additional 450,738 shares during the period. Institutional investors and hedge funds own 88.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AAP. Deutsche Bank Aktiengesellschaft raised shares of Advance Auto Parts to a “buy” rating in a research report on Friday, May 22nd. BMO Capital Markets lifted their price objective on Advance Auto Parts from $60.00 to $65.00 and gave the stock a “market perform” rating in a research note on Friday, May 22nd. Morgan Stanley boosted their price objective on Advance Auto Parts from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Friday, May 22nd. Weiss Ratings raised Advance Auto Parts from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Finally, Citigroup upped their price target on Advance Auto Parts from $57.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, May 22nd. Two investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $58.66.

Advance Auto Parts Stock Performance

NYSE:AAP opened at $55.76 on Friday. The firm’s 50-day moving average is $57.31 and its 200-day moving average is $53.80. Advance Auto Parts, Inc. has a 52-week low of $37.89 and a 52-week high of $65.21. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.85 and a current ratio of 1.78. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 77.45, a PEG ratio of 0.88 and a beta of 1.03.

Advance Auto Parts (NYSE:AAP) last released its earnings results on Thursday, May 21st. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.38. Advance Auto Parts had a net margin of 0.51% and a return on equity of 8.95%. The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter last year, the company earned $0.40 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS. Equities research analysts anticipate that Advance Auto Parts, Inc. will post 2.94 earnings per share for the current year.

Advance Auto Parts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were given a $0.25 dividend. The ex-dividend date was Friday, July 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.8%. Advance Auto Parts’s dividend payout ratio (DPR) is currently 138.89%.

Advance Auto Parts Profile

Advance Auto Parts, Inc (NYSE: AAP) is a leading distributor of automotive aftermarket parts, accessories, and maintenance items. The company operates a network of stores and distribution centers across North America, serving both do-it-yourself (DIY) customers and professional service providers. Advance Auto Parts focuses on offering a comprehensive selection of replacement parts, batteries, engine components, and performance products for cars and light trucks.

The company’s product portfolio includes engine oils and lubricants, cooling system components, brake and suspension parts, filters, belts, hoses, and diagnostic tools.