California State Teachers Retirement System trimmed its position in Advance Auto Parts, Inc. (NYSE:AAP) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 118,778 shares of the company’s stock after selling 1,989 shares during the period. California State Teachers Retirement System owned 0.16% of Advance Auto Parts worth $18,703,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of AAP. Legacy Financial Advisors Inc. bought a new position in shares of Advance Auto Parts during the fourth quarter valued at $38,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Advance Auto Parts by 38.2% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 329 shares of the company’s stock valued at $52,000 after purchasing an additional 91 shares in the last quarter. Enlightenment Research LLC bought a new position in shares of Advance Auto Parts during the fourth quarter valued at $79,000. NINE MASTS CAPITAL Ltd bought a new position in shares of Advance Auto Parts during the third quarter valued at $164,000. Finally, Dupont Capital Management Corp lifted its holdings in shares of Advance Auto Parts by 14.9% during the fourth quarter. Dupont Capital Management Corp now owns 1,043 shares of the company’s stock valued at $164,000 after purchasing an additional 135 shares in the last quarter. 97.02% of the stock is currently owned by institutional investors.
AAP stock opened at $154.84 on Friday. Advance Auto Parts, Inc. has a fifty-two week low of $102.15 and a fifty-two week high of $186.15. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.44 and a current ratio of 1.57. The stock has a market capitalization of $11.10 billion, a price-to-earnings ratio of 21.72, a PEG ratio of 1.48 and a beta of 1.00.
Advance Auto Parts (NYSE:AAP) last posted its earnings results on Tuesday, February 19th. The company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.03. Advance Auto Parts had a return on equity of 14.64% and a net margin of 4.42%. The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter in the prior year, the company earned $0.77 earnings per share. Advance Auto Parts’s revenue was up 3.3% on a year-over-year basis. On average, equities analysts predict that Advance Auto Parts, Inc. will post 8.12 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Friday, March 22nd will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.15%. The ex-dividend date is Thursday, March 21st. Advance Auto Parts’s dividend payout ratio (DPR) is currently 3.37%.
AAP has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Advance Auto Parts from a “buy” rating to a “hold” rating in a report on Monday, November 26th. Credit Suisse Group reaffirmed a “buy” rating and set a $195.00 price target on shares of Advance Auto Parts in a report on Tuesday, February 19th. Jefferies Financial Group lowered their target price on Advance Auto Parts to $195.00 and set a “buy” rating on the stock in a report on Wednesday, February 20th. Bank of America raised Advance Auto Parts from a “neutral” rating to a “buy” rating in a report on Wednesday, January 9th. They noted that the move was a valuation call. Finally, Wells Fargo & Co reissued a “hold” rating and issued a $175.00 target price on shares of Advance Auto Parts in a report on Tuesday, February 19th. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Advance Auto Parts presently has a consensus rating of “Buy” and a consensus price target of $187.76.
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Advance Auto Parts Company Profile
Advance Auto Parts, Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company 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.
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