American Century Companies Inc. Boosts Stake in Advance Auto Parts, Inc. $AAP

American Century Companies Inc. increased its holdings in Advance Auto Parts, Inc. (NYSE:AAP) by 559.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,519,591 shares of the company’s stock after purchasing an additional 1,288,986 shares during the quarter. American Century Companies Inc. owned 2.53% of Advance Auto Parts worth $93,303,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

AAP has been the topic of a number of recent research reports. Wells Fargo & Company boosted their price objective on Advance Auto Parts from $40.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 11th. Citigroup upgraded Advance Auto Parts from a “hold” rating to a “buy” rating in a report on Wednesday, January 21st. Morgan Stanley set a $60.00 price objective on shares of Advance Auto Parts in a report on Tuesday, February 17th. Evercore set a $60.00 price objective on shares of Advance Auto Parts in a research report on Wednesday, February 11th. Finally, BMO Capital Markets lifted their target price on shares of Advance Auto Parts from $55.00 to $60.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 17th. Two equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $52.93.

Advance Auto Parts Stock Performance

Shares of AAP stock opened at $51.97 on Wednesday. The company has a market cap of $3.12 billion, a P/E ratio of 71.19, a PEG ratio of 0.71 and a beta of 1.11. The firm has a fifty day moving average price of $48.21 and a 200 day moving average price of $52.06. The company has a current ratio of 1.75, a quick ratio of 0.87 and a debt-to-equity ratio of 1.55. Advance Auto Parts, Inc. has a 12 month low of $28.89 and a 12 month high of $70.00.

Advance Auto Parts (NYSE:AAP) last released its quarterly earnings data on Friday, February 13th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter last year, the company earned ($10.16) earnings per share. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. 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 fiscal year.

Advance Auto Parts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, April 10th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, April 10th. This represents a $1.00 annualized dividend and a yield of 1.9%. Advance Auto Parts’s payout ratio is presently 136.99%.

Advance Auto Parts Company Profile

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.