AMG National Trust Bank Reduces Stock Position in Advance Auto Parts, Inc. $AAP

AMG National Trust Bank trimmed its holdings in Advance Auto Parts, Inc. (NYSE:AAP) by 41.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,338 shares of the company’s stock after selling 14,592 shares during the period. AMG National Trust Bank’s holdings in Advance Auto Parts were worth $1,073,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd bought a new position in Advance Auto Parts during the 3rd quarter valued at $31,000. AlphaCore Capital LLC increased its position in shares of 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 during the last quarter. Hantz Financial Services Inc. raised its stake in shares of Advance Auto Parts by 184.5% in the 4th quarter. Hantz Financial Services Inc. now owns 919 shares of the company’s stock valued at $36,000 after purchasing an additional 596 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Advance Auto Parts by 290.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 925 shares of the company’s stock valued at $43,000 after purchasing an additional 688 shares in the last quarter. Finally, Leonteq Securities AG bought a new position in shares of Advance Auto Parts during the fourth quarter worth about $55,000. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Mizuho upped their price objective on Advance Auto Parts from $54.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, May 26th. JPMorgan Chase & Co. decreased their target price on Advance Auto Parts from $64.00 to $59.00 and set a “neutral” rating for the company in a research report on Friday, May 15th. UBS Group boosted their price target on Advance Auto Parts from $60.00 to $65.00 and gave the company a “neutral” rating in a report on Friday, May 22nd. Wells Fargo & Company upped their price target on Advance Auto Parts from $50.00 to $60.00 and gave the company an “equal weight” rating in a research report on Friday, May 22nd. Finally, Morgan Stanley raised their price objective on Advance Auto Parts from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Friday, May 22nd. Two research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Advance Auto Parts currently has an average rating of “Hold” and an average target price of $58.66.

Advance Auto Parts Price Performance

Shares of AAP opened at $52.16 on Thursday. The company has a market cap of $3.15 billion, a P/E ratio of 72.45, a PEG ratio of 0.91 and a beta of 1.03. The stock has a fifty day moving average price of $57.03 and a 200 day moving average price of $53.19. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.78 and a quick ratio of 0.85. Advance Auto Parts, Inc. has a 12 month low of $37.89 and a 12 month high of $70.00.

Advance Auto Parts (NYSE:AAP) last posted its earnings results on Thursday, May 21st. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.38. The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.05 billion. Advance Auto Parts had a return on equity of 8.95% and a net margin of 0.51%.The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the business posted $0.40 earnings per share. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS. On average, research analysts forecast that Advance Auto Parts, Inc. will post 2.94 earnings per share for the current year.

Advance Auto Parts Announces Dividend

The company 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. This represents a $1.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Friday, July 10th. Advance Auto Parts’s payout ratio is presently 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.