Czech National Bank acquired a new stake in Advance Auto Parts, Inc. (NYSE:AAP – Get Rating) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 7,047 shares of the company’s stock, valued at approximately $1,102,000.
A number of other institutional investors also recently added to or reduced their stakes in AAP. Private Advisor Group LLC acquired a new stake in shares of Advance Auto Parts during the 1st quarter valued at approximately $232,000. MetLife Investment Management LLC lifted its position in shares of Advance Auto Parts by 21.9% during the 1st quarter. MetLife Investment Management LLC now owns 16,965 shares of the company’s stock valued at $3,511,000 after acquiring an additional 3,046 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Advance Auto Parts by 5.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,343 shares of the company’s stock valued at $1,727,000 after acquiring an additional 435 shares during the period. Cibc World Market Inc. lifted its position in shares of Advance Auto Parts by 120.6% during the 1st quarter. Cibc World Market Inc. now owns 11,593 shares of the company’s stock valued at $2,399,000 after acquiring an additional 6,338 shares during the period. Finally, Blair William & Co. IL lifted its position in shares of Advance Auto Parts by 14.4% during the 1st quarter. Blair William & Co. IL now owns 4,620 shares of the company’s stock valued at $956,000 after acquiring an additional 582 shares during the period. Hedge funds and other institutional investors own 96.04% of the company’s stock.
Analysts Set New Price Targets
AAP has been the subject of a number of research reports. Argus reduced their price target on shares of Advance Auto Parts from $220.00 to $185.00 in a research report on Monday, December 5th. StockNews.com downgraded Advance Auto Parts from a “buy” rating to a “hold” rating in a research report on Wednesday, December 21st. Royal Bank of Canada cut their price objective on Advance Auto Parts from $199.00 to $165.00 and set a “sector perform” rating for the company in a research report on Thursday, November 17th. Stephens cut their price objective on Advance Auto Parts from $196.00 to $164.00 and set an “equal weight” rating for the company in a research report on Monday, November 21st. Finally, Raymond James cut their price objective on Advance Auto Parts from $210.00 to $200.00 and set a “strong-buy” rating for the company in a research report on Thursday, November 17th. Ten equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $190.00.
Advance Auto Parts Stock Down 0.8 %
AAP stock opened at $151.03 on Friday. The stock has a market capitalization of $9.08 billion, a P/E ratio of 19.41, a PEG ratio of 0.90 and a beta of 1.15. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.23 and a current ratio of 1.13. Advance Auto Parts, Inc. has a one year low of $138.52 and a one year high of $242.96. The company has a 50 day moving average price of $152.77 and a two-hundred day moving average price of $170.65.
Advance Auto Parts (NYSE:AAP – Get Rating) last announced its quarterly earnings data on Tuesday, November 15th. The company reported $2.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.32 by ($0.48). Advance Auto Parts had a net margin of 4.30% and a return on equity of 25.97%. The company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.66 billion. As a group, sell-side analysts expect that Advance Auto Parts, Inc. will post 12.59 EPS for the current year.
Advance Auto Parts Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 3rd. Stockholders of record on Friday, December 16th were paid a dividend of $1.50 per share. The ex-dividend date was Thursday, December 15th. This represents a $6.00 annualized dividend and a dividend yield of 3.97%. Advance Auto Parts’s dividend payout ratio is presently 77.12%.
About Advance Auto Parts
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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