Dimensional Fund Advisors LP Reduces Stock Position in Advance Auto Parts, Inc. $AAP

Dimensional Fund Advisors LP decreased its holdings in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 11.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,025,949 shares of the company’s stock after selling 271,130 shares during the period. Dimensional Fund Advisors LP owned 3.38% of Advance Auto Parts worth $124,401,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AAP. American Century Companies Inc. boosted its holdings in Advance Auto Parts by 559.0% in the third quarter. American Century Companies Inc. now owns 1,519,591 shares of the company’s stock valued at $93,303,000 after acquiring an additional 1,288,986 shares in the last quarter. Quantbot Technologies LP bought a new position in Advance Auto Parts in the 3rd quarter worth $437,000. Choreo LLC bought a new position in Advance Auto Parts in the 3rd quarter worth $301,000. AlphaCore Capital LLC lifted its position in shares of Advance Auto Parts by 6,288.9% in the 3rd quarter. AlphaCore Capital LLC now owns 575 shares of the company’s stock worth $35,000 after purchasing an additional 566 shares during the period. Finally, Fox Run Management L.L.C. bought a new stake in shares of Advance Auto Parts during the 3rd quarter valued at about $948,000. Institutional investors own 88.70% of the company’s stock.

Advance Auto Parts Trading Up 4.6%

NYSE:AAP opened at $53.43 on Thursday. The firm has a market capitalization of $3.21 billion, a P/E ratio of 73.20, a PEG ratio of 0.68 and a beta of 1.11. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.75 and a quick ratio of 0.87. Advance Auto Parts, Inc. has a one year low of $28.89 and a one year high of $70.00. The company’s 50-day simple moving average is $49.54 and its 200 day simple moving average is $51.87.

Advance Auto Parts (NYSE:AAP) last announced its earnings results on Friday, February 13th. The company reported $0.86 earnings per share for the quarter, beating 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 business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter last year, the firm earned ($10.16) earnings per share. The business’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. As a group, analysts forecast that Advance Auto Parts, Inc. will post -0.46 EPS for the current fiscal year.

Advance Auto Parts Announces Dividend

The business 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 dividend of $0.25 per share. 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 (DPR) is 136.99%.

Analyst Ratings Changes

A number of research firms recently issued reports on AAP. DA Davidson set a $58.00 price target on shares of 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 report on Wednesday, February 11th. Truist Financial upped their target price on Advance Auto Parts from $48.00 to $57.00 and gave the stock a “hold” rating in a report on Tuesday, February 17th. UBS Group restated a “neutral” rating on shares of Advance Auto Parts in a research note on Monday, February 9th. Finally, Wells Fargo & Company lifted their price target on Advance Auto Parts from $40.00 to $50.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 11th. Two investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $52.93.

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.