Bank of New York Mellon Corp Has $24.73 Million Position in Advance Auto Parts, Inc. $AAP

Bank of New York Mellon Corp lessened its position in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 2.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 468,727 shares of the company’s stock after selling 9,750 shares during the period. Bank of New York Mellon Corp owned approximately 0.78% of Advance Auto Parts worth $24,725,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Royce & Associates LP boosted its stake in shares of Advance Auto Parts by 30.5% during the fourth quarter. Royce & Associates LP now owns 1,478,633 shares of the company’s stock valued at $58,110,000 after purchasing an additional 345,217 shares in the last quarter. Private Management Group Inc. bought a new stake in shares of Advance Auto Parts during the fourth quarter worth about $20,123,000. Pzena Investment Management LLC increased its stake in shares of Advance Auto Parts by 8.2% in the first quarter. Pzena Investment Management LLC now owns 4,301,089 shares of the company’s stock valued at $226,882,000 after buying an additional 327,596 shares during the period. Fifth Third Bancorp increased its stake in shares of Advance Auto Parts by 3,521.7% in the first quarter. Fifth Third Bancorp now owns 51,827 shares of the company’s stock valued at $2,734,000 after buying an additional 50,396 shares during the period. Finally, Palumbo Wealth Management LLC bought a new position in Advance Auto Parts in the 4th quarter valued at approximately $1,577,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

Advance Auto Parts Price Performance

AAP stock opened at $57.75 on Tuesday. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 80.21, a PEG ratio of 0.92 and a beta of 1.03. The company has a quick ratio of 0.85, a current ratio of 1.78 and a debt-to-equity ratio of 1.54. Advance Auto Parts, Inc. has a 12-month low of $37.89 and a 12-month high of $65.21. The company’s fifty day simple moving average is $57.46 and its 200 day simple moving average is $54.02.

Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings results on Thursday, May 21st. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.38. Advance Auto Parts had a net margin of 0.51% and a return on equity of 8.95%. The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the prior year, the firm posted $0.40 earnings per share. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS. On average, analysts expect that Advance Auto Parts, Inc. will post 2.94 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, July 24th. Investors of record on Friday, July 10th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.00 annualized dividend and a yield of 1.7%. Advance Auto Parts’s dividend payout ratio (DPR) is currently 138.89%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AAP shares. JPMorgan Chase & Co. cut their target price on shares of Advance Auto Parts from $64.00 to $59.00 and set a “neutral” rating on the stock in a research report on Friday, May 15th. Deutsche Bank Aktiengesellschaft upgraded shares of Advance Auto Parts to a “buy” rating in a research report on Friday, May 22nd. Royal Bank Of Canada raised their price target on shares of Advance Auto Parts from $62.00 to $65.00 and gave the company a “sector perform” rating in a research note on Friday, May 22nd. Morgan Stanley lifted their price target on shares of Advance Auto Parts from $60.00 to $65.00 and gave the stock an “equal weight” rating in a report on Friday, May 22nd. Finally, Citigroup boosted their price objective on shares of Advance Auto Parts from $57.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, May 22nd. Two investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $58.66.

Advance Auto Parts 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.