Atria Investments Inc Purchases 375 Shares of Advance Auto Parts, Inc. (NYSE:AAP)

Atria Investments Inc grew its position in Advance Auto Parts, Inc. (NYSE:AAP) by 4.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,577 shares of the company’s stock after acquiring an additional 375 shares during the quarter. Atria Investments Inc’s holdings in Advance Auto Parts were worth $1,043,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Covestor Ltd lifted its position in shares of Advance Auto Parts by 113.7% in the 1st quarter. Covestor Ltd now owns 156 shares of the company’s stock worth $32,000 after acquiring an additional 83 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of Advance Auto Parts in the 1st quarter worth approximately $29,000. Machina Capital S.A.S. acquired a new position in shares of Advance Auto Parts in the 1st quarter worth approximately $32,000. Scissortail Wealth Management LLC acquired a new position in shares of Advance Auto Parts in the 1st quarter worth approximately $5,410,371,000. Finally, Hexagon Capital Partners LLC raised its holdings in shares of Advance Auto Parts by 9,933.3% in the 1st quarter. Hexagon Capital Partners LLC now owns 301 shares of the company’s stock worth $37,000 after buying an additional 298 shares in the last quarter. Institutional investors own 91.32% of the company’s stock.

Insider Buying and Selling at Advance Auto Parts

In other Advance Auto Parts news, Director Douglas A. Pertz bought 4,575 shares of the firm’s stock in a transaction on Monday, June 12th. The stock was purchased at an average cost of $66.02 per share, with a total value of $302,041.50. Following the completion of the purchase, the director now owns 12,831 shares in the company, valued at $847,102.62. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Douglas A. Pertz purchased 4,575 shares of the business’s stock in a transaction dated Monday, June 12th. The shares were bought at an average cost of $66.02 per share, for a total transaction of $302,041.50. Following the completion of the acquisition, the director now directly owns 12,831 shares in the company, valued at approximately $847,102.62. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Carla Jean Bailo purchased 500 shares of the business’s stock in a transaction dated Wednesday, June 7th. The stock was purchased at an average price of $65.90 per share, for a total transaction of $32,950.00. Following the completion of the acquisition, the director now owns 500 shares of the company’s stock, valued at $32,950. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 5,463 shares of company stock valued at $359,924. Company insiders own 0.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AAP. Wells Fargo & Company dropped their target price on Advance Auto Parts from $80.00 to $70.00 and set an “equal weight” rating for the company in a report on Thursday, June 1st. TheStreet cut Advance Auto Parts from a “b-” rating to a “c+” rating in a report on Friday, May 26th. Morgan Stanley dropped their target price on Advance Auto Parts from $80.00 to $75.00 and set an “equal weight” rating for the company in a report on Thursday. JPMorgan Chase & Co. cut Advance Auto Parts from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $165.00 to $84.00 in a report on Thursday, June 1st. Finally, Wedbush reiterated a “neutral” rating and issued a $80.00 price objective on shares of Advance Auto Parts in a research report on Thursday. One research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Advance Auto Parts presently has an average rating of “Hold” and an average price target of $94.74.

Advance Auto Parts Stock Down 5.6 %

Shares of Advance Auto Parts stock opened at $64.08 on Monday. The company has a quick ratio of 0.24, a current ratio of 1.26 and a debt-to-equity ratio of 0.66. Advance Auto Parts, Inc. has a 12 month low of $63.09 and a 12 month high of $194.35. The business has a fifty day simple moving average of $70.10 and a 200 day simple moving average of $101.83. The stock has a market cap of $3.81 billion, a PE ratio of 11.09, a price-to-earnings-growth ratio of 1.22 and a beta of 1.08.

Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings data on Wednesday, August 23rd. The company reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.23). Advance Auto Parts had a return on equity of 17.53% and a net margin of 3.08%. The company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same period last year, the firm earned $3.74 earnings per share. The firm’s revenue for the quarter was up .8% on a year-over-year basis. Research analysts predict that Advance Auto Parts, Inc. will post 4.72 EPS for the current year.

Advance Auto Parts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 13th will be paid a $0.25 dividend. The ex-dividend date is Thursday, October 12th. This represents a $1.00 dividend on an annualized basis and a yield of 1.56%. Advance Auto Parts’s payout ratio is 17.30%.

Advance Auto Parts 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.