Citigroup Inc. Sells 139,068 Shares of Advance Auto Parts, Inc. $AAP

Citigroup Inc. lowered its position in Advance Auto Parts, Inc. (NYSE:AAP) by 30.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 314,536 shares of the company’s stock after selling 139,068 shares during the period. Citigroup Inc. owned about 0.52% of Advance Auto Parts worth $19,313,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of AAP. Amalgamated Bank boosted its position in Advance Auto Parts by 1.1% in the third quarter. Amalgamated Bank now owns 17,270 shares of the company’s stock worth $1,060,000 after purchasing an additional 185 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Advance Auto Parts by 3.1% in the second quarter. Hsbc Holdings PLC now owns 6,306 shares of the company’s stock worth $293,000 after buying an additional 191 shares during the last quarter. Arizona State Retirement System grew its position in Advance Auto Parts by 1.6% during the third quarter. Arizona State Retirement System now owns 17,733 shares of the company’s stock valued at $1,089,000 after buying an additional 272 shares during the period. Rockefeller Capital Management L.P. increased its holdings in Advance Auto Parts by 2.0% during the second quarter. Rockefeller Capital Management L.P. now owns 14,535 shares of the company’s stock valued at $676,000 after buying an additional 283 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Advance Auto Parts by 0.6% in the third quarter. Envestnet Asset Management Inc. now owns 54,237 shares of the company’s stock worth $3,330,000 after acquiring an additional 297 shares during the period. Institutional investors own 88.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Northcoast Research raised shares of Advance Auto Parts from a “neutral” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Wednesday, January 21st. DA Davidson set a $58.00 price objective on Advance Auto Parts in a research note on Tuesday, February 17th. Evercore set a $60.00 price objective on Advance Auto Parts in a research note on Wednesday, February 11th. Citigroup upgraded shares of Advance Auto Parts from a “hold” rating to a “buy” rating in a research note on Wednesday, January 21st. Finally, Morgan Stanley set a $60.00 price target on shares of Advance Auto Parts in a research report on Tuesday, February 17th. Three investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Advance Auto Parts presently has a consensus rating of “Hold” and a consensus price target of $53.03.

Advance Auto Parts Stock Performance

NYSE AAP opened at $52.00 on Friday. The business’s 50 day moving average price is $47.46 and its 200-day moving average price is $52.28. Advance Auto Parts, Inc. has a fifty-two week low of $28.89 and a fifty-two week high of $70.00. The company has a market cap of $3.13 billion, a P/E ratio of 71.23, a P/E/G ratio of 0.68 and a beta of 1.14. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.87 and a current ratio of 1.75.

Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings data on Friday, February 13th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.41 by $0.45. Advance Auto Parts had a net margin of 0.51% and a return on equity of 6.23%. The company had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period in the previous year, the firm earned ($10.16) earnings per share. Advance Auto Parts’s quarterly revenue was down 1.2% compared to the same quarter last year. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.10 EPS. Sell-side analysts predict that Advance Auto Parts, Inc. will post -0.46 earnings per share for the current year.

Advance Auto Parts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, April 10th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Friday, April 10th. Advance Auto Parts’s dividend payout ratio is 136.99%.

About Advance Auto Parts

Advance Auto Parts, Inc (NYSE: AAP) is a leading distributor of automotive aftermarket parts, accessories, and maintenance items. The company operates a network of stores and distribution centers across North America, serving both do-it-yourself (DIY) customers and professional service providers. Advance Auto Parts focuses on offering a comprehensive selection of replacement parts, batteries, engine components, and performance products for cars and light trucks.

The company’s product portfolio includes engine oils and lubricants, cooling system components, brake and suspension parts, filters, belts, hoses, and diagnostic tools.