CenterBook Partners LP Raises Stock Holdings in Advance Auto Parts, Inc. $AAP

CenterBook Partners LP boosted its holdings in Advance Auto Parts, Inc. (NYSE:AAP) by 55.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,636 shares of the company’s stock after purchasing an additional 13,098 shares during the period. CenterBook Partners LP owned about 0.06% of Advance Auto Parts worth $1,440,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AAP. American Century Companies Inc. boosted its holdings in Advance Auto Parts by 559.0% in the third quarter. American Century Companies Inc. now owns 1,519,591 shares of the company’s stock valued at $93,303,000 after purchasing an additional 1,288,986 shares during the last quarter. Maple Rock Capital Partners Inc. boosted its holdings in Advance Auto Parts by 508.2% in the third quarter. Maple Rock Capital Partners Inc. now owns 951,790 shares of the company’s stock valued at $58,440,000 after purchasing an additional 795,290 shares during the last quarter. Wellington Management Group LLP purchased a new position in Advance Auto Parts in the third quarter valued at about $33,610,000. Ameriprise Financial Inc. boosted its holdings in Advance Auto Parts by 196.7% in the third quarter. Ameriprise Financial Inc. now owns 679,926 shares of the company’s stock valued at $41,747,000 after purchasing an additional 450,738 shares during the last quarter. Finally, Royce & Associates LP boosted its holdings in Advance Auto Parts by 30.5% in 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 during the last quarter. 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 $59.42 on Thursday. The company has a quick ratio of 0.85, a current ratio of 1.78 and a debt-to-equity ratio of 1.54. The business has a 50 day moving average of $55.78 and a two-hundred day moving average of $51.26. Advance Auto Parts, Inc. has a 52 week low of $37.89 and a 52 week high of $70.00. The company has a market cap of $3.58 billion, a P/E ratio of 82.53, a PEG ratio of 0.99 and a beta of 1.05.

Advance Auto Parts (NYSE:AAP) last issued its 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 return on equity of 8.95% and a net margin of 0.51%.The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the previous year, the firm posted $0.40 earnings per share. Advance Auto Parts’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. As a group, analysts anticipate that Advance Auto Parts, Inc. will post 2.95 EPS for the current year.

Advance Auto Parts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, July 10th. Advance Auto Parts’s payout ratio is presently 138.89%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AAP shares. DA Davidson set a $58.00 price target on Advance Auto Parts in a research note on Tuesday, February 17th. Wells Fargo & Company lifted their price target on Advance Auto Parts from $50.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Friday, May 22nd. Citigroup lifted their price target on Advance Auto Parts from $57.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, May 22nd. Mizuho lifted their price target on Advance Auto Parts from $54.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. Finally, JPMorgan Chase & Co. decreased their price target on Advance Auto Parts from $64.00 to $59.00 and set a “neutral” rating for the company in a research note on Friday, May 15th. Two analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Advance Auto Parts currently has an average rating of “Hold” and a consensus price target 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.