Bank of New York Mellon Corp Sells 9,750 Shares of Advance Auto Parts, Inc. $AAP

Bank of New York Mellon Corp decreased its holdings in Advance Auto Parts, Inc. (NYSE:AAP) by 2.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 468,727 shares of the company’s stock after selling 9,750 shares during the quarter. Bank of New York Mellon Corp’s holdings in Advance Auto Parts were worth $24,725,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Sanctuary Advisors LLC bought a new position in shares of Advance Auto Parts in the first quarter valued at approximately $215,000. Principal Financial Group Inc. lifted its holdings in Advance Auto Parts by 2.0% during the first quarter. Principal Financial Group Inc. now owns 291,709 shares of the company’s stock worth $15,388,000 after acquiring an additional 5,642 shares during the period. Fifth Third Bancorp boosted its position in Advance Auto Parts by 3,521.7% in the first quarter. Fifth Third Bancorp now owns 51,827 shares of the company’s stock worth $2,734,000 after purchasing an additional 50,396 shares during the last quarter. Kestra Advisory Services LLC boosted its position in Advance Auto Parts by 49.4% in the first quarter. Kestra Advisory Services LLC now owns 4,054 shares of the company’s stock worth $214,000 after purchasing an additional 1,340 shares during the last quarter. Finally, Parrish Capital LLC grew its stake in Advance Auto Parts by 8.8% in the 1st quarter. Parrish Capital LLC now owns 20,879 shares of the company’s stock valued at $1,101,000 after purchasing an additional 1,697 shares during the period. Institutional investors own 88.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AAP. Royal Bank Of Canada raised their target price on Advance Auto Parts from $62.00 to $65.00 and gave the company a “sector perform” 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. BMO Capital Markets raised their price objective on shares of Advance Auto Parts from $60.00 to $65.00 and gave the stock a “market perform” rating in a report 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, TD Cowen reiterated a “hold” rating on shares of Advance Auto Parts in a research note on Friday, May 22nd. Two analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $58.66.

Advance Auto Parts Stock Up 3.5%

AAP stock opened at $57.75 on Tuesday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.85 and a current ratio of 1.78. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of 80.21, a PEG ratio of 0.92 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 $65.21. The stock has a fifty day moving average of $57.46 and a 200-day moving average of $54.02.

Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings data 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 business 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 in the previous year, the business posted $0.40 EPS. 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 2.94 earnings per share for the current year.

Advance Auto Parts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were paid a $0.25 dividend. The ex-dividend date was Friday, July 10th. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. Advance Auto Parts’s dividend payout ratio (DPR) 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.