Advance Auto Parts, Inc. $AAP Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. cut its stake in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 86.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,056 shares of the company’s stock after selling 13,428 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Advance Auto Parts were worth $81,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Advance Auto Parts during the third quarter worth $31,000. AlphaCore Capital LLC increased its stake in Advance Auto Parts by 53.6% in the 4th quarter. AlphaCore Capital LLC now owns 883 shares of the company’s stock worth $35,000 after purchasing an additional 308 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in Advance Auto Parts by 184.5% during the 4th quarter. Hantz Financial Services Inc. now owns 919 shares of the company’s stock worth $36,000 after buying an additional 596 shares during the period. Smartleaf Asset Management LLC raised 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 worth $43,000 after buying an additional 688 shares during the period. Finally, Leonteq Securities AG purchased a new stake in Advance Auto Parts during the fourth quarter valued at about $55,000. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Advance Auto Parts Price Performance

Shares of AAP opened at $57.81 on Friday. The business’s 50-day moving average is $57.26 and its 200-day moving average is $52.81. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.78 and a quick ratio of 0.85. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of 80.29, a P/E/G ratio of 0.91 and a beta of 1.03. Advance Auto Parts, Inc. has a fifty-two week low of $37.89 and a fifty-two week high of $70.00.

Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings results on Thursday, May 21st. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.39 by $0.38. Advance Auto Parts had a net margin of 0.51% and a return on equity of 8.95%. The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same period last year, the company posted $0.40 earnings per share. The firm’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. Equities research analysts expect that Advance Auto Parts, Inc. will post 2.94 EPS for the current fiscal year.

Advance Auto Parts Announces Dividend

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 dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.7%. Advance Auto Parts’s dividend payout ratio (DPR) is 138.89%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AAP. UBS Group lifted their target price 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. Deutsche Bank Aktiengesellschaft upgraded shares of Advance Auto Parts to a “buy” rating in a research report on Friday, May 22nd. Citigroup raised their price objective on shares of Advance Auto Parts from $57.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, May 22nd. Wells Fargo & Company lifted their price objective 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. Finally, Royal Bank Of Canada boosted their target price on shares of Advance Auto Parts from $62.00 to $65.00 and gave the company a “sector perform” rating in a research note on Friday, May 22nd. Two investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $58.66.

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.