New York State Common Retirement Fund Sells 5,815 Shares of Advance Auto Parts, Inc. (NYSE:AAP)

New York State Common Retirement Fund reduced its stake in Advance Auto Parts, Inc. (NYSE:AAP) by 11.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 42,875 shares of the company’s stock after selling 5,815 shares during the quarter. New York State Common Retirement Fund’s holdings in Advance Auto Parts were worth $2,617,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. CWA Asset Management Group LLC increased its stake in shares of Advance Auto Parts by 4.1% in the third quarter. CWA Asset Management Group LLC now owns 4,911 shares of the company’s stock worth $275,000 after purchasing an additional 195 shares in the last quarter. Diversified Trust Co increased its stake in Advance Auto Parts by 2.9% in the 4th quarter. Diversified Trust Co now owns 7,462 shares of the company’s stock worth $455,000 after buying an additional 213 shares in the last quarter. Allworth Financial LP raised 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 acquiring an additional 266 shares during the period. Signaturefd LLC lifted its position in shares of Advance Auto Parts by 20.0% in 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 in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Advance Auto Parts by 2.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 16,649 shares of the company’s stock worth $1,016,000 after acquiring an additional 345 shares during the period. 88.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Advance Auto Parts

In other Advance Auto Parts news, Director Brent Windom acquired 4,700 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was bought at an average price of $85.34 per share, for a total transaction of $401,098.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at $853,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Brent Windom purchased 4,700 shares of Advance Auto Parts stock in a transaction that occurred on Wednesday, March 27th. The shares were bought at an average price of $85.34 per share, with a total value of $401,098.00. Following the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $853,400. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carla Jean Bailo acquired 310 shares of the stock in a transaction on Monday, March 18th. The stock was bought at an average cost of $81.19 per share, with a total value of $25,168.90. Following the completion of the transaction, the director now owns 5,789 shares in the company, valued at $470,008.91. The disclosure for this purchase can be found here. Company insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AAP. TheStreet raised Advance Auto Parts from a “d+” rating to a “c-” rating in a research note on Monday, January 22nd. Evercore ISI reduced their price objective on shares of Advance Auto Parts from $82.00 to $78.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 16th. Mizuho began coverage on shares of Advance Auto Parts in a research note on Tuesday, March 19th. They set a “neutral” rating and a $78.00 target price for the company. JPMorgan Chase & Co. boosted their price target on shares of Advance Auto Parts from $55.00 to $68.00 and gave the stock a “neutral” rating in a research note on Thursday, February 29th. Finally, Barclays raised their price objective on Advance Auto Parts from $56.00 to $66.00 and gave the company an “equal weight” rating in a research report on Thursday, February 29th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $64.56.

Advance Auto Parts Stock Performance

NYSE:AAP opened at $74.53 on Wednesday. The firm has a market capitalization of $4.44 billion, a PE ratio of 100.72, a PEG ratio of 1.39 and a beta of 1.20. The stock’s fifty day moving average is $77.45 and its 200 day moving average is $65.68. Advance Auto Parts, Inc. has a fifty-two week low of $47.73 and a fifty-two week high of $127.31. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.29 and a current ratio of 1.20.

Advance Auto Parts (NYSE:AAP) last announced 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 during the quarter, compared to analysts’ expectations of $2.47 billion. During the same period in the prior year, the company posted $2.88 EPS. The company’s revenue was down .4% compared to the same quarter last year. On average, sell-side analysts anticipate that Advance Auto Parts, Inc. will post 3.94 earnings per share for the current year.

Advance Auto Parts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Friday, April 12th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, April 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.34%. Advance Auto Parts’s dividend 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.