Deutsche Bank AG Has $168,000 Holdings in Advance Auto Parts, Inc. (NYSE:AAP)

Deutsche Bank AG cut its holdings in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 34.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,547 shares of the company’s stock after selling 1,855 shares during the quarter. Deutsche Bank AG’s holdings in Advance Auto Parts were worth $168,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AAP. Allworth Financial LP raised its stake in shares of Advance Auto Parts by 1,543.4% in the fourth quarter. Allworth Financial LP now owns 871 shares of the company’s stock valued at $40,000 after purchasing an additional 818 shares in the last quarter. Vision Financial Markets LLC acquired a new position in shares of Advance Auto Parts in the fourth quarter valued at $42,000. Advisory Services Network LLC acquired a new position in shares of Advance Auto Parts in the fourth quarter valued at $46,000. Blue Trust Inc. raised its stake in shares of Advance Auto Parts by 38.9% in the fourth quarter. Blue Trust Inc. now owns 1,674 shares of the company’s stock valued at $79,000 after purchasing an additional 469 shares in the last quarter. Finally, KBC Group NV raised its stake in shares of Advance Auto Parts by 51.6% in the fourth quarter. KBC Group NV now owns 2,651 shares of the company’s stock valued at $125,000 after purchasing an additional 902 shares in the last quarter. 88.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on AAP shares. Morgan Stanley upped their target price on Advance Auto Parts from $45.00 to $48.00 and gave the company an “equal weight” rating in a research note on Friday, May 23rd. DA Davidson upped their price target on Advance Auto Parts from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Friday, May 23rd. Wells Fargo & Company set a $35.00 price target on Advance Auto Parts and gave the company an “equal weight” rating in a research note on Monday, May 19th. Truist Financial cut their price target on Advance Auto Parts from $39.00 to $34.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Finally, Citigroup cut their price target on Advance Auto Parts from $47.00 to $40.00 and set a “neutral” rating on the stock in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $46.11.

Insider Transactions at Advance Auto Parts

In related news, CEO Shane M. Okelly purchased 1,500 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was purchased at an average cost of $36.79 per share, for a total transaction of $55,185.00. Following the completion of the purchase, the chief executive officer now directly owns 183,121 shares in the company, valued at $6,737,021.59. This trade represents a 0.83% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eugene I. Lee, Jr. purchased 14,640 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was bought at an average price of $34.15 per share, with a total value of $499,956.00. Following the completion of the purchase, the director now owns 34,070 shares of the company’s stock, valued at approximately $1,163,490.50. This represents a 75.35% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.35% of the company’s stock.

Advance Auto Parts Trading Up 3.8%

NYSE AAP opened at $49.77 on Tuesday. The firm has a market cap of $2.98 billion, a P/E ratio of 68.18, a P/E/G ratio of 1.98 and a beta of 0.93. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.34 and a quick ratio of 0.62. The stock’s 50-day moving average is $36.05 and its 200-day moving average is $40.81. Advance Auto Parts, Inc. has a one year low of $28.89 and a one year high of $71.09.

Advance Auto Parts (NYSE:AAP) last released its quarterly earnings results on Thursday, May 22nd. The company reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.81) by $0.59. The company had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.51 billion. Advance Auto Parts had a return on equity of 1.82% and a net margin of 0.41%. Advance Auto Parts’s revenue was down 24.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.67 earnings per share. Sell-side analysts anticipate that Advance Auto Parts, Inc. will post -0.46 earnings per share for the current fiscal year.

Advance Auto Parts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, July 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.01%. Advance Auto Parts’s dividend payout ratio is -17.04%.

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.