Nisa Investment Advisors LLC Purchases 345 Shares of Advance Auto Parts, Inc. (NYSE:AAP)

Nisa Investment Advisors LLC grew its position in Advance Auto Parts, Inc. (NYSE:AAP) by 2.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,649 shares of the company’s stock after buying an additional 345 shares during the period. Nisa Investment Advisors LLC’s holdings in Advance Auto Parts were worth $1,016,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of AAP. Allworth Financial LP lifted its position in Advance Auto Parts by 190.0% during the fourth quarter. Allworth Financial LP now owns 406 shares of the company’s stock valued at $25,000 after acquiring an additional 266 shares during the last quarter. Clear Street Markets LLC lifted its holdings in shares of Advance Auto Parts by 245.9% during the 1st quarter. Clear Street Markets LLC now owns 211 shares of the company’s stock valued at $26,000 after purchasing an additional 150 shares during the last quarter. UniSuper Management Pty Ltd purchased a new stake in shares of Advance Auto Parts during the 2nd quarter valued at $28,000. UMB Bank n.a. boosted its position in shares of Advance Auto Parts by 508.3% in the 3rd quarter. UMB Bank n.a. now owns 511 shares of the company’s stock worth $29,000 after purchasing an additional 427 shares in the last quarter. Finally, Covestor Ltd grew its stake 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 buying an additional 83 shares during the last quarter. 88.75% of the stock is currently owned by institutional investors.

Insider Activity

In other Advance Auto Parts news, Director Brent Windom purchased 4,700 shares of Advance Auto Parts stock in a transaction that occurred on Wednesday, March 27th. The stock was bought at an average price of $85.34 per share, with a total value of $401,098.00. Following the acquisition, the director now owns 10,000 shares of the company’s stock, valued at approximately $853,400. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Brent Windom acquired 4,700 shares of Advance Auto Parts stock in a transaction on Wednesday, March 27th. The stock was bought at an average cost of $85.34 per share, for a total transaction of $401,098.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $853,400. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Herman L. Word, Jr. sold 1,858 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $86.08, for a total transaction of $159,936.64. Following the transaction, the executive vice president now directly owns 10,448 shares in the company, valued at $899,363.84. The disclosure for this sale can be found here. Insiders own 0.63% of the company’s stock.

Analyst Upgrades and Downgrades

AAP has been the subject of a number of research analyst reports. Evercore ISI increased their price target on Advance Auto Parts from $74.00 to $83.00 and gave the company an “in-line” rating in a research note on Tuesday, March 26th. Barclays lifted their target price on shares of Advance Auto Parts from $56.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 29th. JPMorgan Chase & Co. upped their price target on shares of Advance Auto Parts from $55.00 to $68.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. Royal Bank of Canada lifted their price objective on shares of Advance Auto Parts from $47.00 to $68.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 29th. Finally, Mizuho assumed coverage on shares of Advance Auto Parts in a report on Tuesday, March 19th. They set a “neutral” rating and a $78.00 price objective on the stock. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $70.47.

Advance Auto Parts Trading Down 0.6 %

Shares of NYSE:AAP opened at $70.08 on Tuesday. The company has a current ratio of 1.20, a quick ratio of 0.29 and a debt-to-equity ratio of 0.71. Advance Auto Parts, Inc. has a 12-month low of $47.73 and a 12-month high of $129.90. The business has a 50 day moving average of $73.73 and a two-hundred day moving average of $63.11. The company has a market capitalization of $4.18 billion, a PE ratio of 94.70, a PEG ratio of 1.28 and a beta of 1.17.

Advance Auto Parts (NYSE:AAP) last posted its earnings results on Wednesday, February 28th. The company reported ($0.59) earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.83). Advance Auto Parts had a net margin of 0.39% and a return on equity of 1.68%. The firm had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same period last year, the firm earned $2.88 earnings per share. Advance Auto Parts’s revenue for the quarter was down .4% compared to the same quarter last year. As a group, analysts forecast that Advance Auto Parts, Inc. will post 3.94 EPS for the current year.

Advance Auto Parts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 12th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Thursday, April 11th. Advance Auto Parts’s payout ratio is currently 135.14%.

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.