Citigroup Inc. Sells 139,068 Shares of Advance Auto Parts, Inc. $AAP

Citigroup Inc. lowered its holdings in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 30.7% in the third quarter, Holdings Channel.com reports. The fund owned 314,536 shares of the company’s stock after selling 139,068 shares during the quarter. Citigroup Inc.’s holdings in Advance Auto Parts were worth $19,313,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of AAP. Salomon & Ludwin LLC purchased a new stake in shares of Advance Auto Parts during the third quarter valued at $26,000. Smartleaf Asset Management LLC lifted its holdings in Advance Auto Parts by 290.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 925 shares of the company’s stock valued at $43,000 after buying an additional 688 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Advance Auto Parts by 198.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 751 shares of the company’s stock valued at $46,000 after buying an additional 499 shares during the period. Atlantic Union Bankshares Corp bought a new position in Advance Auto Parts in the 3rd quarter worth about $52,000. Finally, Westfuller Advisors LLC purchased a new position in shares of Advance Auto Parts during the third quarter worth approximately $56,000. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Advance Auto Parts Stock Performance

Shares of AAP stock opened at $52.00 on Friday. Advance Auto Parts, Inc. has a 12-month low of $28.89 and a 12-month high of $70.00. The business’s fifty day simple moving average is $47.46 and its 200-day simple moving average is $52.28. The company has a current ratio of 1.75, a quick ratio of 0.87 and a debt-to-equity ratio of 1.55. The company has a market cap of $3.13 billion, a PE ratio of 71.23, a PEG ratio of 0.68 and a beta of 1.14.

Advance Auto Parts (NYSE:AAP) last posted 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 return on equity of 6.23% and a net margin of 0.51%.The firm had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter last year, the firm earned ($10.16) EPS. The business’s quarterly revenue 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. Analysts expect that Advance Auto Parts, Inc. will post -0.46 earnings per share 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 $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, April 10th. Advance Auto Parts’s dividend payout ratio (DPR) is presently 136.99%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Northcoast Research upgraded Advance Auto Parts from a “neutral” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Wednesday, January 21st. DA Davidson set a $58.00 price target on Advance Auto Parts in a research note on Tuesday, February 17th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Advance Auto Parts in a research note on Wednesday, January 21st. UBS Group reissued a “neutral” rating on shares of Advance Auto Parts in a research report on Monday, February 9th. Finally, Roth Mkm reaffirmed a “neutral” rating and issued a $57.00 price target on shares of Advance Auto Parts in a research report on Thursday, February 19th. Three equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $53.03.

About Advance Auto Parts

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.