New York State Teachers Retirement System Has $2.47 Million Stake in Advance Auto Parts, Inc. $AAP

New York State Teachers Retirement System reduced its stake in Advance Auto Parts, Inc. (NYSE:AAP) by 29.5% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 46,776 shares of the company’s stock after selling 19,545 shares during the quarter. New York State Teachers Retirement System’s holdings in Advance Auto Parts were worth $2,467,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Pzena Investment Management LLC raised its holdings in Advance Auto Parts by 8.2% in the 1st quarter. Pzena Investment Management LLC now owns 4,301,089 shares of the company’s stock valued at $226,882,000 after acquiring an additional 327,596 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Advance Auto Parts during the 1st quarter valued at $1,403,000. Blue Trust Inc. grew its holdings in shares of Advance Auto Parts by 29.8% during the 1st quarter. Blue Trust Inc. now owns 3,729 shares of the company’s stock worth $197,000 after purchasing an additional 856 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of Advance Auto Parts by 34.9% during the 4th quarter. Hsbc Holdings PLC now owns 8,936 shares of the company’s stock worth $351,000 after purchasing an additional 2,312 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its position in shares of Advance Auto Parts by 10.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 723,677 shares of the company’s stock worth $28,441,000 after purchasing an additional 69,476 shares during the period. Institutional investors and hedge funds own 88.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AAP. Deutsche Bank Aktiengesellschaft raised Advance Auto Parts to a “buy” rating in a research note on Friday, May 22nd. JPMorgan Chase & Co. decreased their target price on shares of Advance Auto Parts from $64.00 to $59.00 and set a “neutral” rating on the stock in a report on Friday, May 15th. Wells Fargo & Company boosted their target price on shares of Advance Auto Parts from $50.00 to $60.00 and gave the company an “equal weight” rating in a research report on Friday, May 22nd. BMO Capital Markets upped their price target on shares of Advance Auto Parts from $60.00 to $65.00 and gave the stock a “market perform” rating in a report on Friday, May 22nd. Finally, Citigroup upped their price target on shares of Advance Auto Parts from $57.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, May 22nd. Two research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $58.66.

Advance Auto Parts Stock Performance

NYSE:AAP opened at $57.81 on Friday. The stock’s 50-day simple moving average is $57.26 and its 200 day simple moving average is $52.81. The firm has a market capitalization of $3.49 billion, a PE ratio of 80.29, a price-to-earnings-growth ratio of 0.91 and a beta of 1.03. The company has a quick ratio of 0.85, a current ratio of 1.78 and a debt-to-equity ratio of 1.54. Advance Auto Parts, Inc. has a twelve month low of $37.89 and a twelve month high of $70.00.

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

Advance Auto Parts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, July 10th. Advance Auto Parts’s payout ratio is presently 138.89%.

Advance Auto Parts Company 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.