PointState Capital LP acquired a new position in Advance Auto Parts Inc (NYSE:AAP) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 140,300 shares of the company’s stock, valued at approximately $16,358,000. PointState Capital LP owned 0.19% of Advance Auto Parts as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Tobam acquired a new position in shares of Advance Auto Parts in the second quarter worth about $118,000. QS Investors LLC raised its position in shares of Advance Auto Parts by 0.9% in the second quarter. QS Investors LLC now owns 1,017 shares of the company’s stock worth $119,000 after acquiring an additional 9 shares during the period. Huntington National Bank raised its position in shares of Advance Auto Parts by 37.1% in the second quarter. Huntington National Bank now owns 1,046 shares of the company’s stock worth $122,000 after acquiring an additional 283 shares during the period. Global X Management Co. LLC raised its position in shares of Advance Auto Parts by 14.3% in the second quarter. Global X Management Co. LLC now owns 1,111 shares of the company’s stock worth $130,000 after acquiring an additional 139 shares during the period. Finally, IFP Advisors Inc raised its position in shares of Advance Auto Parts by 57.5% in the second quarter. IFP Advisors Inc now owns 1,208 shares of the company’s stock worth $141,000 after acquiring an additional 441 shares during the period.

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A number of brokerages have weighed in on AAP. Maxim Group reiterated a “buy” rating on shares of Advance Auto Parts in a research report on Thursday, June 29th. Jefferies Group LLC upped their price objective on shares of Advance Auto Parts to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, June 28th. Citigroup Inc. decreased their price objective on shares of Advance Auto Parts to $99.00 and set a “neutral” rating for the company in a research report on Wednesday, August 16th. UBS AG reiterated a “buy” rating and issued a $118.00 price objective (down previously from $155.00) on shares of Advance Auto Parts in a research report on Wednesday, August 16th. Finally, Barclays PLC reiterated an “equal weight” rating and issued a $90.00 price objective (down previously from $93.00) on shares of Advance Auto Parts in a research report on Wednesday, August 16th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company. Advance Auto Parts has an average rating of “Hold” and an average target price of $118.79.

Shares of Advance Auto Parts Inc (NYSE AAP) traded down 0.04% during mid-day trading on Friday, reaching $94.29. 1,316,795 shares of the company traded hands. The stock’s 50-day moving average is $96.38 and its 200-day moving average is $120.26. The company has a market capitalization of $6.96 billion, a P/E ratio of 18.82 and a beta of 0.92. 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 results on Tuesday, August 15th. The company reported $1.58 EPS for the quarter, missing analysts’ consensus estimates 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 quarterly revenue was up .3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.90 earnings per share. On average, equities analysts predict that Advance Auto Parts Inc will post $5.17 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 6th. Stockholders of record on Friday, September 22nd were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, September 21st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.25%. Advance Auto Parts’s dividend payout ratio (DPR) is presently 4.80%.

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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