Tdam USA Inc. lessened its stake in Advance Auto Parts Inc (NYSE:AAP) by 79.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,228 shares of the company’s stock after selling 42,306 shares during the period. Tdam USA Inc.’s holdings in Advance Auto Parts were worth $1,114,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. ING Groep NV purchased a new stake in shares of Advance Auto Parts during the 3rd quarter worth approximately $288,000. Yorktown Management & Research Co Inc purchased a new stake in shares of Advance Auto Parts during the 3rd quarter worth approximately $575,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Advance Auto Parts during the 3rd quarter worth approximately $921,000. ACR Alpine Capital Research LLC purchased a new stake in shares of Advance Auto Parts during the 3rd quarter worth approximately $91,021,000. Finally, Commonwealth Equity Services Inc lifted its stake in Advance Auto Parts by 108.0% in the 3rd quarter. Commonwealth Equity Services Inc now owns 21,128 shares of the company’s stock valued at $2,095,000 after buying an additional 10,971 shares in the last quarter.

Shares of Advance Auto Parts Inc (NYSE AAP) opened at $89.23 on Friday. The company has a market capitalization of $6,570.00, a price-to-earnings ratio of 15.98, a PEG ratio of 1.61 and a beta of 0.90. The company has a current ratio of 1.52, a quick ratio of 0.32 and a debt-to-equity ratio of 0.32. Advance Auto Parts Inc has a twelve month low of $78.81 and a twelve month high of $177.83.

Advance Auto Parts (NYSE:AAP) last released its quarterly earnings data on Tuesday, November 14th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.18. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.21 billion. Advance Auto Parts had a return on equity of 13.51% and a net margin of 3.75%. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.73 EPS. research analysts predict that Advance Auto Parts Inc will post 5.22 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 22nd will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, December 21st. This represents a $0.24 dividend on an annualized basis and a yield of 0.27%. Advance Auto Parts’s dividend payout ratio (DPR) is 5.03%.

AAP has been the topic of a number of recent research reports. Gabelli reaffirmed a “buy” rating on shares of Advance Auto Parts in a research note on Wednesday, August 16th. Goldman Sachs Group Inc reaffirmed a “buy” rating and issued a $114.00 target price (down previously from $133.00) on shares of Advance Auto Parts in a research note on Wednesday, August 16th. UBS AG reaffirmed a “buy” rating and issued a $155.00 target price (down previously from $170.00) on shares of Advance Auto Parts in a research note on Monday, August 7th. Credit Suisse Group set a $100.00 target price on Advance Auto Parts and gave the company a “buy” rating in a research note on Wednesday, August 16th. Finally, Deutsche Bank AG set a $101.00 target price on Advance Auto Parts and gave the company a “buy” rating in a research note on Wednesday, August 16th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. Advance Auto Parts has a consensus rating of “Hold” and a consensus price target of $104.89.

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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.

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

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