Signaturefd LLC Has $126,000 Position in Advance Auto Parts, Inc. (NYSE:AAP)

Signaturefd LLC raised its stake in Advance Auto Parts, Inc. (NYSE:AAPGet Rating) by 45.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 611 shares of the company’s stock after buying an additional 192 shares during the quarter. Signaturefd LLC’s holdings in Advance Auto Parts were worth $126,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Central Bank & Trust Co. purchased a new position in shares of Advance Auto Parts during the 1st quarter valued at $29,000. Life Planning Partners Inc acquired a new stake in Advance Auto Parts during the fourth quarter valued at $30,000. FNY Investment Advisers LLC purchased a new position in Advance Auto Parts in the first quarter valued at about $41,000. GPS Wealth Strategies Group LLC purchased a new position in Advance Auto Parts in the first quarter valued at about $46,000. Finally, Farmers & Merchants Investments Inc. increased its position in Advance Auto Parts by 500.0% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 228 shares of the company’s stock worth $47,000 after purchasing an additional 190 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Advance Auto Parts Stock Performance

Shares of NYSE AAP opened at $182.87 on Wednesday. Advance Auto Parts, Inc. has a 12 month low of $164.00 and a 12 month high of $244.55. The company has a market cap of $11.09 billion, a P/E ratio of 20.36, a P/E/G ratio of 1.11 and a beta of 1.21. The business’s 50 day moving average is $182.97 and its two-hundred day moving average is $204.95. The company has a quick ratio of 0.25, a current ratio of 1.20 and a debt-to-equity ratio of 0.41.

Advance Auto Parts (NYSE:AAPGet Rating) last announced its earnings results on Monday, May 23rd. The company reported $3.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.53 by $0.04. Advance Auto Parts had a net margin of 5.16% and a return on equity of 24.74%. The business had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same quarter in the previous year, the firm posted $3.34 earnings per share. Advance Auto Parts’s revenue was up 2.1% compared to the same quarter last year. On average, equities analysts expect that Advance Auto Parts, Inc. will post 13.69 EPS for the current year.

Advance Auto Parts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 1st. Investors of record on Friday, June 17th were paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 3.28%. The ex-dividend date was Thursday, June 16th. Advance Auto Parts’s payout ratio is presently 66.82%.

Analyst Upgrades and Downgrades

AAP has been the subject of several research reports. Stephens reduced their price target on Advance Auto Parts from $246.00 to $215.00 and set an “equal weight” rating for the company in a report on Wednesday, May 25th. Guggenheim decreased their target price on shares of Advance Auto Parts from $266.00 to $259.00 and set a “buy” rating for the company in a research report on Wednesday, May 25th. StockNews.com upgraded shares of Advance Auto Parts from a “hold” rating to a “buy” rating in a research note on Wednesday, July 13th. Citigroup reduced their price objective on shares of Advance Auto Parts from $294.00 to $250.00 in a research note on Friday, May 13th. Finally, Wedbush lowered their target price on shares of Advance Auto Parts from $270.00 to $215.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 24th. Five equities research 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 company. Based on data from MarketBeat, Advance Auto Parts presently has a consensus rating of “Moderate Buy” and a consensus price target of $242.17.

Advance Auto Parts Company Profile

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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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