Arista Wealth Management LLC Makes New $354,000 Investment in Advance Auto Parts, Inc. $AAP

Arista Wealth Management LLC bought a new position in shares of Advance Auto Parts, Inc. (NYSE:AAP) in the 4th quarter, HoldingsChannel reports. The fund bought 9,010 shares of the company’s stock, valued at approximately $354,000.

Other hedge funds also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new position in Advance Auto Parts during the third quarter worth about $31,000. AlphaCore Capital LLC lifted its position in shares of Advance Auto Parts by 6,288.9% during the third quarter. AlphaCore Capital LLC now owns 575 shares of the company’s stock worth $35,000 after purchasing an additional 566 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of Advance Auto Parts by 184.5% during the fourth quarter. Hantz Financial Services Inc. now owns 919 shares of the company’s stock worth $36,000 after purchasing an additional 596 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Advance Auto Parts by 290.3% during the second quarter. Smartleaf Asset Management LLC now owns 925 shares of the company’s stock worth $43,000 after purchasing an additional 688 shares in the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of Advance Auto Parts during the third quarter worth about $52,000. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on AAP shares. Wells Fargo & Company increased their price target on shares of Advance Auto Parts from $50.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft raised shares of Advance Auto Parts to a “buy” rating in a research report on Friday, May 22nd. UBS Group increased their price target on shares of Advance Auto Parts from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, May 22nd. JPMorgan Chase & Co. reduced their price target 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. Finally, The Goldman Sachs Group increased their price target on shares of Advance Auto Parts from $49.00 to $54.00 and gave the stock a “sell” rating in a research report on Friday, May 22nd. Two investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Advance Auto Parts has an average rating of “Hold” and a consensus target price of $57.85.

Advance Auto Parts Stock Up 5.4%

Shares of NYSE:AAP opened at $58.11 on Thursday. The firm’s 50 day moving average price is $54.19 and its 200 day moving average price is $50.63. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of 80.71, a price-to-earnings-growth ratio of 0.93 and a beta of 1.06. Advance Auto Parts, Inc. has a fifty-two week low of $37.89 and a fifty-two week high of $70.00. 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 (NYSE:AAP) last issued its earnings results on Thursday, May 21st. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.38. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.05 billion. Advance Auto Parts had a net margin of 0.51% and a return on equity of 8.95%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.40 earnings per share. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS. As a group, equities research analysts predict that Advance Auto Parts, Inc. will post 2.87 earnings per share for the current fiscal year.

Advance Auto Parts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be issued a $0.25 dividend. The ex-dividend date of this dividend is 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 138.89%.

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.