Horizon Investments LLC Has $3.62 Million Stock Holdings in Advance Auto Parts, Inc. (NYSE:AAP)

Horizon Investments LLC boosted its holdings in shares of Advance Auto Parts, Inc. (NYSE:AAPGet Rating) by 105.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,501 shares of the company’s stock after buying an additional 9,000 shares during the period. Horizon Investments LLC’s holdings in Advance Auto Parts were worth $3,622,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Quadrant Capital Group LLC grew its stake in shares of Advance Auto Parts by 10.5% in the 1st quarter. Quadrant Capital Group LLC now owns 526 shares of the company’s stock worth $108,000 after acquiring an additional 50 shares in the last quarter. Beaumont Asset Management L.L.C. grew its stake in shares of Advance Auto Parts by 1.6% in the 1st quarter. Beaumont Asset Management L.L.C. now owns 3,415 shares of the company’s stock worth $706,000 after acquiring an additional 54 shares in the last quarter. Wetherby Asset Management Inc. grew its stake in shares of Advance Auto Parts by 4.3% in the 4th quarter. Wetherby Asset Management Inc. now owns 1,331 shares of the company’s stock worth $319,000 after acquiring an additional 55 shares in the last quarter. Personal CFO Solutions LLC grew its stake in shares of Advance Auto Parts by 5.5% in the 1st quarter. Personal CFO Solutions LLC now owns 1,064 shares of the company’s stock worth $220,000 after acquiring an additional 55 shares in the last quarter. Finally, Regentatlantic Capital LLC grew its stake in shares of Advance Auto Parts by 2.1% in the 1st quarter. Regentatlantic Capital LLC now owns 2,630 shares of the company’s stock worth $544,000 after acquiring an additional 55 shares in the last quarter. Institutional investors and hedge funds own 99.47% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on AAP. Morgan Stanley reduced their target price on shares of Advance Auto Parts from $225.00 to $205.00 and set an “equal weight” rating for the company in a research note on Thursday, August 25th. The Goldman Sachs Group reiterated a “buy” rating and issued a $219.00 target price on shares of Advance Auto Parts in a research note on Thursday, August 25th. Raymond James reduced their target price on shares of Advance Auto Parts from $250.00 to $220.00 in a research note on Thursday, August 25th. Guggenheim reduced their price target 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. Finally, UBS Group reduced their price target on shares of Advance Auto Parts from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday, August 24th. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $235.56.

Advance Auto Parts Price Performance

Shares of NYSE:AAP opened at $180.65 on Friday. The company has a quick ratio of 0.25, a current ratio of 1.16 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $10.86 billion, a PE ratio of 20.96, a P/E/G ratio of 1.15 and a beta of 1.24. Advance Auto Parts, Inc. has a twelve month low of $164.00 and a twelve month high of $244.55. The company has a 50-day moving average price of $187.68 and a two-hundred day moving average price of $195.94.

Advance Auto Parts (NYSE:AAPGet Rating) last issued its earnings results on Tuesday, August 23rd. The company reported $3.74 earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the business posted $3.40 EPS. Equities analysts forecast that Advance Auto Parts, Inc. will post 13.01 EPS for the current year.

Advance Auto Parts Dividend Announcement

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

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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