Advance Auto Parts, Inc. (NYSE:AAP) Shares Sold by Lionstone Capital Management LLC

Lionstone Capital Management LLC lowered its position in shares of Advance Auto Parts, Inc. (NYSE:AAPGet Rating) by 15.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 67,392 shares of the company’s stock after selling 12,625 shares during the period. Advance Auto Parts comprises about 4.1% of Lionstone Capital Management LLC’s holdings, making the stock its 12th largest position. Lionstone Capital Management LLC owned 0.11% of Advance Auto Parts worth $13,947,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quadrant Capital Group LLC grew its holdings in shares of Advance Auto Parts by 10.5% during the first quarter. Quadrant Capital Group LLC now owns 526 shares of the company’s stock worth $108,000 after buying an additional 50 shares during the last quarter. Beaumont Asset Management L.L.C. grew its holdings in shares of Advance Auto Parts by 1.6% during the first quarter. Beaumont Asset Management L.L.C. now owns 3,415 shares of the company’s stock worth $706,000 after buying an additional 54 shares during the last quarter. Wetherby Asset Management Inc. grew its holdings in shares of Advance Auto Parts by 4.3% during the fourth quarter. Wetherby Asset Management Inc. now owns 1,331 shares of the company’s stock worth $319,000 after buying an additional 55 shares during the last quarter. Personal CFO Solutions LLC grew its holdings in shares of Advance Auto Parts by 5.5% during the first quarter. Personal CFO Solutions LLC now owns 1,064 shares of the company’s stock worth $220,000 after buying an additional 55 shares during the last quarter. Finally, Regentatlantic Capital LLC grew its holdings in shares of Advance Auto Parts by 2.1% during the first quarter. Regentatlantic Capital LLC now owns 2,630 shares of the company’s stock worth $544,000 after buying an additional 55 shares during the last quarter. Institutional investors and hedge funds own 99.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AAP. Citigroup lowered their price target on Advance Auto Parts from $294.00 to $250.00 in a report on Friday, May 13th. Guggenheim lowered their price objective on Advance Auto Parts from $266.00 to $259.00 and set a “buy” rating on the stock in a report on Wednesday, May 25th. Wedbush lowered their price objective on Advance Auto Parts from $215.00 to $200.00 and set an “outperform” rating on the stock in a report on Wednesday, August 24th. Wells Fargo & Company lowered their price objective on Advance Auto Parts from $230.00 to $200.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 24th. Finally, Morgan Stanley lowered their price objective on Advance Auto Parts from $225.00 to $205.00 and set an “equal weight” rating on the stock in a report on Thursday, August 25th. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $235.56.

Advance Auto Parts Price Performance

Shares of NYSE:AAP opened at $180.65 on Friday. The business’s 50 day simple moving average is $187.68 and its 200-day simple moving average is $195.94. The firm has a market capitalization of $10.86 billion, a price-to-earnings ratio of 20.96, a price-to-earnings-growth ratio of 1.14 and a beta of 1.24. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.16 and a quick ratio of 0.25. Advance Auto Parts, Inc. has a 12 month low of $164.00 and a 12 month high of $244.55.

Advance Auto Parts (NYSE:AAPGet Rating) last issued its quarterly earnings data on Tuesday, August 23rd. The company reported $3.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.76 by ($0.02). Advance Auto Parts had a return on equity of 25.99% and a net margin of 4.84%. During the same period last year, the company earned $3.40 EPS. As a group, equities analysts forecast that Advance Auto Parts, Inc. will post 13.01 earnings per share for the current fiscal year.

Advance Auto Parts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be issued a $1.50 dividend. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $6.00 annualized dividend and a yield of 3.32%. Advance Auto Parts’s dividend payout ratio (DPR) is presently 69.61%.

About Advance Auto Parts

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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.

Further Reading

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

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