M&T Bank Corp lifted its position in shares of Advance Auto Parts Inc (NYSE:AAP) by 1.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,210 shares of the company’s stock after acquiring an additional 115 shares during the quarter. M&T Bank Corp’s holdings in Advance Auto Parts were worth $1,192,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AAP. Strs Ohio boosted its holdings in shares of Advance Auto Parts by 0.7% during the 1st quarter. Strs Ohio now owns 3,955 shares of the company’s stock valued at $586,000 after acquiring an additional 28 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Advance Auto Parts by 148.1% during the 1st quarter. First Trust Advisors LP now owns 22,360 shares of the company’s stock valued at $3,315,000 after acquiring an additional 13,347 shares in the last quarter. UBS Asset Management Americas Inc. boosted its holdings in shares of Advance Auto Parts by 10.7% during the 1st quarter. UBS Asset Management Americas Inc. now owns 188,241 shares of the company’s stock valued at $27,909,000 after acquiring an additional 18,149 shares in the last quarter. Mason Street Advisors LLC boosted its holdings in shares of Advance Auto Parts by 1.2% during the 1st quarter. Mason Street Advisors LLC now owns 10,193 shares of the company’s stock valued at $1,511,000 after acquiring an additional 118 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of Advance Auto Parts by 3.0% during the 1st quarter. Pacer Advisors Inc. now owns 1,517 shares of the company’s stock valued at $225,000 after acquiring an additional 44 shares in the last quarter.

Advance Auto Parts Inc (AAP) opened at 99.20 on Friday. Advance Auto Parts Inc has a 52 week low of $82.21 and a 52 week high of $177.83. The stock has a 50 day moving average price of $99.61 and a 200-day moving average price of $125.12. The firm has a market capitalization of $7.29 billion, a P/E ratio of 16.00 and a beta of 0.90.

Advance Auto Parts (NYSE:AAP) last posted its earnings results on Tuesday, August 15th. The company reported $1.58 earnings per share for the quarter, missing the Zacks’ 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 return on equity of 14.71% and a net margin of 3.91%. The business’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.90 earnings per share. Analysts anticipate that Advance Auto Parts Inc will post $5.16 EPS for the current fiscal year.

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

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Several research firms recently weighed in on AAP. BidaskClub downgraded Advance Auto Parts from a “hold” rating to a “sell” rating in a report on Friday, June 9th. Jefferies Group LLC raised their price objective on Advance Auto Parts to $150.00 and gave the company a “hold” rating in a report on Wednesday, June 28th. Cleveland Research downgraded Advance Auto Parts from a “buy” rating to a “neutral” rating in a report on Wednesday, June 28th. Credit Suisse Group set a $150.00 price objective on Advance Auto Parts and gave the company a “buy” rating in a report on Monday, June 26th. Finally, BTIG Research reissued a “sell” rating and set a $109.00 price objective (down previously from $120.00) on shares of Advance Auto Parts in a report on Thursday, June 22nd. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Advance Auto Parts currently has an average rating of “Hold” and a consensus target price of $123.08.

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.

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

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