Mn Services Vermogensbeheer B.V. trimmed its position in Advance Auto Parts, Inc. (NYSE:AAP – Get Rating) by 5.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,900 shares of the company’s stock after selling 2,000 shares during the period. Mn Services Vermogensbeheer B.V. owned 0.06% of Advance Auto Parts worth $5,300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently made changes to their positions in the company. Covestor Ltd grew its position in Advance Auto Parts by 113.7% during the 1st quarter. Covestor Ltd now owns 156 shares of the company’s stock worth $32,000 after purchasing an additional 83 shares during the period. Ellevest Inc. grew its position in Advance Auto Parts by 161.0% during the 2nd quarter. Ellevest Inc. now owns 201 shares of the company’s stock worth $35,000 after purchasing an additional 124 shares during the period. Private Trust Co. NA acquired a new stake in Advance Auto Parts during the 2nd quarter worth about $36,000. Rosenberg Matthew Hamilton acquired a new stake in Advance Auto Parts during the 2nd quarter worth about $38,000. Finally, Central Bank & Trust Co. grew its position in Advance Auto Parts by 61.6% during the 2nd quarter. Central Bank & Trust Co. now owns 223 shares of the company’s stock worth $39,000 after purchasing an additional 85 shares during the period. 96.04% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
AAP has been the topic of several analyst reports. Stephens cut their price target on Advance Auto Parts from $196.00 to $164.00 and set an “equal weight” rating on the stock in a research report on Monday, November 21st. DA Davidson cut their price target on Advance Auto Parts from $200.00 to $170.00 in a research report on Thursday, November 17th. Guggenheim downgraded Advance Auto Parts from a “buy” rating to a “neutral” rating in a research report on Thursday, November 17th. Raymond James lowered their target price on shares of Advance Auto Parts from $210.00 to $200.00 and set a “strong-buy” rating on the stock in a research note on Thursday, November 17th. Finally, The Goldman Sachs Group lowered their target price on shares of Advance Auto Parts from $230.00 to $197.00 and set a “buy” rating on the stock in a research note on Thursday, November 17th. Nine analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Advance Auto Parts currently has an average rating of “Hold” and a consensus price target of $190.00.
Advance Auto Parts Trading Down 0.8 %
Advance Auto Parts (NYSE:AAP – Get Rating) last issued its quarterly earnings results on Tuesday, November 15th. The company reported $2.84 earnings per share for the quarter, missing analysts’ consensus estimates of $3.32 by ($0.48). The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.66 billion. Advance Auto Parts had a net margin of 4.30% and a return on equity of 25.97%. On average, sell-side analysts predict that Advance Auto Parts, Inc. will post 12.59 EPS for the current fiscal year.
Advance Auto Parts Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 3rd. Investors of record on Friday, December 16th were paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date was Thursday, December 15th. Advance Auto Parts’s dividend payout ratio is presently 77.12%.
Advance Auto Parts Company Profile
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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