Atria Investments LLC Raises Holdings in Advance Auto Parts, Inc. (NYSE:AAP)

Atria Investments LLC increased its position in Advance Auto Parts, Inc. (NYSE:AAPGet Rating) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,180 shares of the company’s stock after buying an additional 117 shares during the period. Atria Investments LLC’s holdings in Advance Auto Parts were worth $2,682,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of AAP. FMR LLC raised its position in Advance Auto Parts by 287.6% during the first quarter. FMR LLC now owns 139,025 shares of the company’s stock valued at $23,708,000 after purchasing an additional 103,160 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of Advance Auto Parts by 1.4% during the third quarter. Janney Montgomery Scott LLC now owns 25,382 shares of the company’s stock valued at $5,303,000 after buying an additional 351 shares during the last quarter. GWM Advisors LLC grew its stake in shares of Advance Auto Parts by 7.7% during the third quarter. GWM Advisors LLC now owns 6,389 shares of the company’s stock valued at $1,335,000 after buying an additional 458 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Advance Auto Parts by 101.3% during the third quarter. Nordea Investment Management AB now owns 303,641 shares of the company’s stock valued at $64,693,000 after buying an additional 152,773 shares during the last quarter. Finally, AE Wealth Management LLC grew its stake in shares of Advance Auto Parts by 2.7% during the third quarter. AE Wealth Management LLC now owns 6,973 shares of the company’s stock valued at $1,457,000 after buying an additional 181 shares during the last quarter. Institutional investors own 97.61% of the company’s stock.

Several research analysts recently issued reports on the company. Truist Financial assumed coverage on Advance Auto Parts in a research note on Thursday, January 13th. They issued a “buy” rating and a $273.00 price objective on the stock. Citigroup upped their target price on Advance Auto Parts from $290.00 to $294.00 and gave the stock a “buy” rating in a report on Wednesday, February 16th. Morgan Stanley upped their target price on Advance Auto Parts from $235.00 to $240.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 16th. Evercore ISI began coverage on Advance Auto Parts in a report on Tuesday, February 15th. They set a “buy” rating and a $275.00 target price for the company. Finally, JPMorgan Chase & Co. upped their target price on Advance Auto Parts from $276.00 to $280.00 in a report on Friday, February 11th. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $256.65.

Shares of Advance Auto Parts stock opened at $218.25 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 0.31 and a debt-to-equity ratio of 0.33. The firm’s 50-day moving average price is $212.04 and its 200 day moving average price is $223.80. Advance Auto Parts, Inc. has a twelve month low of $187.16 and a twelve month high of $244.55. The firm has a market capitalization of $13.33 billion, a PE ratio of 22.90, a P/E/G ratio of 1.25 and a beta of 1.29.

Advance Auto Parts (NYSE:AAPGet Rating) last released its earnings results on Monday, February 14th. The company reported $2.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.97 by $0.10. Advance Auto Parts had a net margin of 5.60% and a return on equity of 23.63%. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.37 billion. During the same period last year, the company posted $1.87 EPS. The business’s revenue was up 1.3% on a year-over-year basis. On average, sell-side analysts predict that Advance Auto Parts, Inc. will post 13.78 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, April 1st. Stockholders of record on Friday, March 18th were given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend was Thursday, March 17th. This is a positive change from Advance Auto Parts’s previous quarterly dividend of $1.00. Advance Auto Parts’s payout ratio is presently 62.96%.

Advance Auto Parts Company Profile (Get Rating)

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.

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

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