Laurion Capital Management LP acquired a new stake in Advance Auto Parts, Inc. (NYSE:AAP) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 18,317 shares of the company’s stock, valued at approximately $2,486,000.
A number of other large investors have also recently bought and sold shares of AAP. Wells Fargo & Company MN increased its stake in shares of Advance Auto Parts by 6.1% during the 1st quarter. Wells Fargo & Company MN now owns 974,351 shares of the company’s stock worth $115,509,000 after purchasing an additional 55,851 shares during the last quarter. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Advance Auto Parts during the 1st quarter worth approximately $377,000. SG Americas Securities LLC increased its stake in shares of Advance Auto Parts by 25.0% during the 1st quarter. SG Americas Securities LLC now owns 10,117 shares of the company’s stock worth $1,199,000 after purchasing an additional 2,026 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in Advance Auto Parts by 56.8% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 11,465 shares of the company’s stock worth $1,387,000 after buying an additional 4,153 shares during the period. Finally, Mackay Shields LLC bought a new position in Advance Auto Parts in the 1st quarter worth approximately $1,475,000.
Advance Auto Parts stock opened at $167.28 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.48 and a current ratio of 1.63. The firm has a market cap of $12.39 billion, a PE ratio of 31.15, a P/E/G ratio of 2.25 and a beta of 1.18. Advance Auto Parts, Inc. has a fifty-two week low of $78.81 and a fifty-two week high of $170.91.
Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings data on Tuesday, August 14th. The company reported $1.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.86 by $0.11. The firm had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.26 billion. Advance Auto Parts had a net margin of 5.68% and a return on equity of 13.43%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the company posted $1.48 EPS. equities analysts forecast that Advance Auto Parts, Inc. will post 6.94 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 5th. Stockholders of record on Friday, September 21st will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.14%. The ex-dividend date of this dividend is Thursday, September 20th. Advance Auto Parts’s dividend payout ratio (DPR) is currently 4.47%.
Advance Auto Parts announced that its board has authorized a stock buyback plan on Tuesday, August 14th that authorizes the company to buyback $600.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 5.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.
AAP has been the subject of several analyst reports. ValuEngine raised shares of Advance Auto Parts from a “hold” rating to a “buy” rating in a report on Thursday, July 5th. Bank of America raised their price objective on shares of Advance Auto Parts from $86.00 to $103.00 and gave the stock an “underperform” rating in a report on Wednesday, June 27th. Wedbush set a $175.00 price objective on shares of Advance Auto Parts and gave the stock a “buy” rating in a report on Wednesday, August 15th. Zacks Investment Research downgraded shares of Advance Auto Parts from a “buy” rating to a “hold” rating in a report on Monday, August 6th. Finally, Stephens reaffirmed a “hold” rating and issued a $130.00 price objective on shares of Advance Auto Parts in a report on Friday, July 13th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. Advance Auto Parts currently has an average rating of “Hold” and an average price target of $143.11.
In related news, Director Nigel Travis acquired 1,250 shares of the stock in a transaction dated Friday, August 17th. The shares were purchased at an average price of $159.70 per share, for a total transaction of $199,625.00. Following the transaction, the director now owns 1,250 shares in the company, valued at approximately $199,625. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 4.50% of the company’s stock.
About Advance Auto Parts
Advance Auto Parts, Inc provides automotive replacement parts, batteries, accessories, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. It 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.
Featured Story: Stop Order
Want to see what other hedge funds are holding AAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advance Auto Parts, Inc. (NYSE:AAP).
Receive News & Ratings for Advance Auto Parts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advance Auto Parts and related companies with MarketBeat.com's FREE daily email newsletter.