Arkadios Wealth Advisors lifted its holdings in shares of Advance Auto Parts, Inc. (NYSE:AAP – Get Rating) by 27.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,515 shares of the company’s stock after buying an additional 2,240 shares during the period. Arkadios Wealth Advisors’ holdings in Advance Auto Parts were worth $1,546,000 at the end of the most recent reporting period.
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Other institutional investors have also modified their holdings of the company. Covestor Ltd grew its position in shares of Advance Auto Parts by 113.7% during the 1st quarter. Covestor Ltd now owns 156 shares of the company’s stock valued at $32,000 after buying an additional 83 shares during the last quarter. First Personal Financial Services grew its position in shares of Advance Auto Parts by 113.3% during the 3rd quarter. First Personal Financial Services now owns 224 shares of the company’s stock valued at $35,000 after buying an additional 119 shares during the last quarter. Private Trust Co. NA bought a new stake in shares of Advance Auto Parts during the 2nd quarter valued at about $36,000. AllSquare Wealth Management LLC bought a new stake in shares of Advance Auto Parts during the 2nd quarter valued at about $43,000. Finally, General Partner Inc. bought a new stake in shares of Advance Auto Parts during the 4th quarter valued at about $44,000. Institutional investors own 96.04% of the company’s stock.
Advance Auto Parts Stock Down 2.2 %
AAP stock opened at $119.40 on Friday. Advance Auto Parts, Inc. has a 12 month low of $117.89 and a 12 month high of $231.43. The firm has a market cap of $7.08 billion, a PE ratio of 14.44, a P/E/G ratio of 1.00 and a beta of 1.12. The firm has a 50 day simple moving average of $144.08 and a 200 day simple moving average of $156.19. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.13 and a quick ratio of 0.21.
Advance Auto Parts (NYSE:AAP – Get Rating) last released its earnings results on Tuesday, February 28th. The company reported $2.88 EPS for the quarter, beating the consensus estimate of $2.41 by $0.47. Advance Auto Parts had a net margin of 4.50% and a return on equity of 28.53%. The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same period in the prior year, the business earned $2.07 earnings per share. The business’s quarterly revenue was up 3.2% on a year-over-year basis. Equities research analysts forecast that Advance Auto Parts, Inc. will post 10.65 earnings per share for the current fiscal year.
Advance Auto Parts Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 28th. Investors of record on Friday, April 14th will be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 5.03%. The ex-dividend date of this dividend is Thursday, April 13th. Advance Auto Parts’s dividend payout ratio is presently 72.55%.
Wall Street Analyst Weigh In
Several research firms have commented on AAP. Roth Mkm cut shares of Advance Auto Parts from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $180.00 to $140.00 in a research report on Monday, February 13th. StockNews.com began coverage on shares of Advance Auto Parts in a research report on Thursday. They issued a “buy” rating for the company. DA Davidson decreased their target price on shares of Advance Auto Parts from $170.00 to $142.00 and set a “neutral” rating for the company in a research report on Wednesday, March 1st. Evercore ISI upped their target price on shares of Advance Auto Parts to $160.00 in a research report on Tuesday, February 7th. Finally, Roth Capital restated a “neutral” rating and issued a $140.00 target price (down previously from $180.00) on shares of Advance Auto Parts in a research report on Monday, February 13th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $166.89.
About Advance Auto Parts
Advance Auto Parts, Inc engages in the supply and distribution of aftermarket automotive products for both professional installers and do-it-yourself customers. It operates through the following segments: Advance Auto Parts/Carquest U.S., Carquest Canada, Worldpac, and Independents. The company was founded by Arthur Taubman in 1929 and is headquartered in Raleigh, NC.
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