Cwm LLC Cuts Stock Position in Advance Auto Parts, Inc. (NYSE:AAP)

Cwm LLC decreased its holdings in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 14.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,383 shares of the company’s stock after selling 237 shares during the period. Cwm LLC’s holdings in Advance Auto Parts were worth $84,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in AAP. Allworth Financial LP lifted its holdings 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 purchasing an additional 266 shares in the last quarter. Larson Financial Group LLC boosted its holdings in Advance Auto Parts by 264.6% in the 3rd quarter. Larson Financial Group LLC now owns 689 shares of the company’s stock worth $39,000 after buying an additional 500 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Advance Auto Parts by 594.2% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 840 shares of the company’s stock worth $47,000 after buying an additional 719 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Advance Auto Parts by 20.0% during the third quarter. Signaturefd LLC now owns 1,677 shares of the company’s stock valued at $94,000 after acquiring an additional 279 shares during the last quarter. Finally, Sandy Spring Bank purchased a new position in shares of Advance Auto Parts in the third quarter valued at approximately $96,000. Institutional investors and hedge funds own 88.75% of the company’s stock.

Insider Activity at Advance Auto Parts

In other Advance Auto Parts news, Director Carla Jean Bailo purchased 310 shares of the business’s stock in a transaction on Monday, March 18th. The shares were bought at an average cost of $81.19 per share, for a total transaction of $25,168.90. Following the completion of the purchase, the director now directly owns 5,789 shares of the company’s stock, valued at $470,008.91. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Advance Auto Parts news, Director Carla Jean Bailo purchased 310 shares of the company’s stock in a transaction on Monday, March 18th. The stock was acquired at an average price of $81.19 per share, for a total transaction of $25,168.90. Following the completion of the purchase, the director now directly owns 5,789 shares in the company, valued at approximately $470,008.91. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, EVP Herman L. Word, Jr. sold 1,858 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $86.08, for a total value of $159,936.64. Following the sale, the executive vice president now directly owns 10,448 shares in the company, valued at approximately $899,363.84. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. TheStreet upgraded Advance Auto Parts from a “d+” rating to a “c-” rating in a research report on Monday, January 22nd. Truist Financial raised their price target on shares of Advance Auto Parts from $60.00 to $70.00 and gave the stock a “hold” rating in a research note on Tuesday, April 2nd. Barclays upped their price objective on shares of Advance Auto Parts from $56.00 to $66.00 and gave the company an “equal weight” rating in a research note on Thursday, February 29th. Mizuho started coverage on shares of Advance Auto Parts in a research note on Tuesday, March 19th. They issued a “neutral” rating and a $78.00 target price on the stock. Finally, Royal Bank of Canada upped their price target on Advance Auto Parts from $47.00 to $68.00 and gave the company a “sector perform” rating in a research report on Thursday, February 29th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $64.56.

Advance Auto Parts Trading Up 0.9 %

Shares of AAP stock opened at $74.53 on Wednesday. The company has a 50-day moving average of $77.45 and a two-hundred day moving average of $65.68. The firm has a market cap of $4.44 billion, a PE ratio of 100.72, a price-to-earnings-growth ratio of 1.39 and a beta of 1.20. Advance Auto Parts, Inc. has a 1-year low of $47.73 and a 1-year high of $127.31. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.20 and a quick ratio of 0.29.

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 company had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same quarter last year, the business posted $2.88 EPS. The firm’s revenue for the quarter was down .4% on a year-over-year basis. On average, analysts predict that Advance Auto Parts, Inc. will post 3.94 EPS for the current year.

Advance Auto Parts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 12th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend was Thursday, April 11th. Advance Auto Parts’s payout ratio is 135.14%.

About Advance Auto Parts

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.