State Board of Administration of Florida Retirement System raised its stake in Advance Auto Parts Inc (NYSE:AAP) by 0.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,912 shares of the company’s stock after acquiring an additional 944 shares during the quarter. State Board of Administration of Florida Retirement System owned about 0.15% of Advance Auto Parts worth $10,804,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of AAP. BlackRock Inc. grew its position in shares of Advance Auto Parts by 25.6% during the 2nd quarter. BlackRock Inc. now owns 5,425,799 shares of the company’s stock worth $632,593,000 after buying an additional 1,105,519 shares during the period. Neuberger Berman Group LLC grew its position in shares of Advance Auto Parts by 6,616.2% during the 2nd quarter. Neuberger Berman Group LLC now owns 903,258 shares of the company’s stock worth $105,311,000 after buying an additional 889,809 shares during the period. Thompson Siegel & Walmsley LLC grew its position in shares of Advance Auto Parts by 279.6% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,147,414 shares of the company’s stock worth $133,777,000 after buying an additional 845,130 shares during the period. Bessemer Group Inc. grew its position in shares of Advance Auto Parts by 193.0% during the 2nd quarter. Bessemer Group Inc. now owns 1,207,206 shares of the company’s stock worth $140,748,000 after buying an additional 795,132 shares during the period. Finally, American Century Companies Inc. grew its position in shares of Advance Auto Parts by 32.4% during the 2nd quarter. American Century Companies Inc. now owns 2,104,487 shares of the company’s stock worth $245,362,000 after buying an additional 514,921 shares during the period.

Several brokerages have recently commented on AAP. UBS AG reiterated a “buy” rating and set a $118.00 price target (down previously from $155.00) on shares of Advance Auto Parts in a research report on Wednesday, August 16th. Citigroup Inc. lowered their price target 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. Royal Bank Of Canada lowered their price target on shares of Advance Auto Parts from $125.00 to $102.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 16th. Barclays PLC reiterated an “equal weight” rating and set a $90.00 price target (down previously from $93.00) on shares of Advance Auto Parts in a research report on Wednesday, August 16th. Finally, Gabelli reiterated a “buy” rating on shares of Advance Auto Parts in a research report on Wednesday, August 16th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $116.44.

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Shares of Advance Auto Parts Inc (AAP) opened at $81.22 on Friday. The company has a quick ratio of 0.29, a current ratio of 1.48 and a debt-to-equity ratio of 0.33. The company has a market cap of $5,999.15, a price-to-earnings ratio of 13.74, a PEG ratio of 1.48 and a beta of 0.90. Advance Auto Parts Inc has a 1 year low of $78.81 and a 1 year high of $177.83.

Advance Auto Parts (NYSE:AAP) last issued 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 analyst estimates of $2.26 billion. Advance Auto Parts had a return on equity of 14.71% and a net margin of 3.91%. Advance Auto Parts’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.90 earnings per share. research analysts forecast that Advance Auto Parts Inc will post 5.15 EPS for the current year.

About Advance Auto Parts

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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