Maverick Capital Ltd. purchased a new stake in shares of Advance Auto Parts Inc (NYSE:AAP) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 18,870 shares of the company’s stock, valued at approximately $2,200,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AAP. BlackRock Inc. lifted its position in shares of Advance Auto Parts by 3,142.5% during the first quarter. BlackRock Inc. now owns 4,320,280 shares of the company’s stock valued at $640,524,000 after purchasing an additional 4,187,042 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of Advance Auto Parts by 45.7% during the first quarter. Lazard Asset Management LLC now owns 3,135,361 shares of the company’s stock valued at $464,848,000 after purchasing an additional 983,616 shares in the last quarter. Neuberger Berman Group LLC lifted its position in shares of Advance Auto Parts by 6,616.2% during the second quarter. Neuberger Berman Group LLC now owns 903,258 shares of the company’s stock valued at $105,311,000 after purchasing an additional 889,809 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its position in shares of Advance Auto Parts by 279.6% during the second quarter. Thompson Siegel & Walmsley LLC now owns 1,147,414 shares of the company’s stock valued at $133,777,000 after purchasing an additional 845,130 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in shares of Advance Auto Parts by 193.0% during the second quarter. Bessemer Group Inc. now owns 1,207,206 shares of the company’s stock valued at $140,748,000 after purchasing an additional 795,132 shares in the last quarter.

Advance Auto Parts Inc (AAP) traded down 0.04% during trading on Friday, hitting $94.29. 1,316,795 shares of the stock traded hands. The company has a market cap of $6.96 billion, a P/E ratio of 18.82 and a beta of 0.92. The firm has a 50-day moving average price of $96.38 and a 200 day moving average price of $120.26. Advance Auto Parts Inc has a 52-week low of $82.21 and a 52-week high of $177.83.

Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings data on Tuesday, August 15th. The company reported $1.58 earnings per share for the quarter, missing the Thomson Reuters’ 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 business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter last year, the company earned $1.90 EPS. Advance Auto Parts’s revenue for the quarter was up .3% on a year-over-year basis. On average, equities analysts expect that Advance Auto Parts Inc will post $5.17 EPS for the current year.

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

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A number of research analysts recently weighed in on AAP shares. Jefferies Group LLC raised shares of Advance Auto Parts from a “hold” rating to a “buy” rating and dropped their price target for the company from $150.00 to $130.00 in a research report on Friday, July 7th. They noted that the move was a valuation call. Credit Suisse Group set a $150.00 price objective on shares of Advance Auto Parts and gave the stock a “buy” rating in a report on Monday, June 26th. Maxim Group restated a “buy” rating on shares of Advance Auto Parts in a report on Thursday, June 29th. Deutsche Bank AG restated a “buy” rating and set a $139.00 price objective (down previously from $164.00) on shares of Advance Auto Parts in a report on Friday, July 21st. Finally, UBS AG restated a “buy” rating and set a $155.00 price objective (down previously from $170.00) on shares of Advance Auto Parts in a report on Monday, August 7th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $118.79.

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

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