Swiss National Bank Sells 1,500 Shares of Advance Auto Parts, Inc. $AAP

Swiss National Bank reduced its stake in Advance Auto Parts, Inc. (NYSE:AAP) by 1.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,300 shares of the company’s stock after selling 1,500 shares during the quarter. Swiss National Bank owned 0.19% of Advance Auto Parts worth $5,314,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AAP. Empowered Funds LLC lifted its holdings in shares of Advance Auto Parts by 19.5% in the second quarter. Empowered Funds LLC now owns 230,571 shares of the company’s stock valued at $10,719,000 after purchasing an additional 37,691 shares in the last quarter. Capital Square LLC grew its holdings in shares of Advance Auto Parts by 4.3% during the second quarter. Capital Square LLC now owns 7,265 shares of the company’s stock worth $338,000 after buying an additional 300 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of Advance Auto Parts by 2.0% during the second quarter. Rockefeller Capital Management L.P. now owns 14,535 shares of the company’s stock worth $676,000 after buying an additional 283 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Advance Auto Parts in the 2nd quarter valued at approximately $1,822,000. Finally, Cetera Investment Advisers lifted its stake in Advance Auto Parts by 89.9% in the 2nd quarter. Cetera Investment Advisers now owns 16,212 shares of the company’s stock valued at $754,000 after acquiring an additional 7,674 shares in the last quarter. 88.70% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Advance Auto Parts

In other news, EVP Kristen L. Soler sold 7,662 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $51.00, for a total value of $390,762.00. Following the completion of the sale, the executive vice president directly owned 23,165 shares of the company’s stock, valued at $1,181,415. This trade represents a 24.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.35% of the stock is owned by corporate insiders.

Advance Auto Parts Stock Performance

NYSE AAP opened at $52.88 on Tuesday. The firm has a market capitalization of $3.17 billion, a P/E ratio of -8.30 and a beta of 1.06. The company has a current ratio of 1.27, a quick ratio of 0.49 and a debt-to-equity ratio of 0.68. The firm’s fifty day moving average price is $53.58 and its two-hundred day moving average price is $54.45. Advance Auto Parts, Inc. has a 1 year low of $28.89 and a 1 year high of $70.00.

Advance Auto Parts (NYSE:AAP) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.18. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.02 billion. Advance Auto Parts had a negative net margin of 4.37% and a negative return on equity of 1.97%. Advance Auto Parts’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.04) EPS. Advance Auto Parts has set its FY 2025 guidance at 1.750-1.850 EPS. As a group, research analysts anticipate that Advance Auto Parts, Inc. will post -0.46 EPS for the current year.

Advance Auto Parts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 9th will be paid a $0.25 dividend. The ex-dividend date is Friday, January 9th. This represents a $1.00 annualized dividend and a yield of 1.9%. Advance Auto Parts’s dividend payout ratio is currently -15.90%.

Analyst Ratings Changes

AAP has been the subject of several research reports. Argus reaffirmed a “hold” rating and set a $60.52 price target on shares of Advance Auto Parts in a research note on Friday, August 29th. Wells Fargo & Company increased their target price on shares of Advance Auto Parts from $45.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, August 15th. Truist Financial raised their target price on shares of Advance Auto Parts from $50.00 to $59.00 and gave the company a “hold” rating in a research report on Thursday, October 30th. Wolfe Research started coverage on shares of Advance Auto Parts in a research note on Thursday, September 18th. They issued a “peer perform” rating on the stock. Finally, UBS Group set a $40.00 price objective on shares of Advance Auto Parts in a research note on Thursday, October 30th. One research analyst has rated the stock with a Buy rating, twenty have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $51.78.

Advance Auto Parts Company Profile

Advance Auto Parts, Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories; belts and hoses; brakes and brake pads; chassis and climate control parts; clutches and drive shafts; engines and engine parts; exhaust systems and parts; hub assemblies; ignition components and wires; radiators and cooling parts; starters and alternators; and steering and alignment parts.