Brandywine Global Investment Management LLC Takes Position in Advance Auto Parts, Inc. $AAP

Brandywine Global Investment Management LLC purchased a new stake in shares of Advance Auto Parts, Inc. (NYSE:AAP) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 89,651 shares of the company’s stock, valued at approximately $3,523,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new position in shares of Advance Auto Parts during the 3rd quarter valued at $31,000. AlphaCore Capital LLC lifted its holdings in shares of Advance Auto Parts by 6,288.9% during the 3rd quarter. AlphaCore Capital LLC now owns 575 shares of the company’s stock valued at $35,000 after buying an additional 566 shares during the period. Hantz Financial Services Inc. lifted its holdings in shares of Advance Auto Parts by 184.5% during the 4th quarter. Hantz Financial Services Inc. now owns 919 shares of the company’s stock valued at $36,000 after buying an additional 596 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Advance Auto Parts by 290.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 925 shares of the company’s stock valued at $43,000 after buying an additional 688 shares during the period. Finally, Leonteq Securities AG bought a new position in shares of Advance Auto Parts during the 4th quarter valued at $55,000. 88.70% of the stock is owned by institutional investors.

Advance Auto Parts Price Performance

Shares of Advance Auto Parts stock opened at $59.42 on Thursday. Advance Auto Parts, Inc. has a one year low of $37.89 and a one year high of $70.00. The stock’s fifty day moving average is $55.78 and its 200 day moving average is $51.26. The stock has a market cap of $3.58 billion, a P/E ratio of 82.53, a P/E/G ratio of 0.99 and a beta of 1.05. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.85 and a current ratio of 1.78.

Advance Auto Parts (NYSE:AAP) last announced its earnings results on Thursday, May 21st. The company reported $0.77 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $2.05 billion. During the same period last year, the firm earned $0.40 EPS. Advance Auto Parts’s revenue for the quarter 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. Sell-side analysts anticipate that Advance Auto Parts, Inc. will post 2.95 earnings per share for the current year.

Advance Auto Parts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be issued 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 yield of 1.7%. Advance Auto Parts’s dividend payout ratio (DPR) is currently 138.89%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AAP. Evercore set a $60.00 price target on Advance Auto Parts in a report on Wednesday, February 11th. BMO Capital Markets increased their price target on Advance Auto Parts from $60.00 to $65.00 and gave the company a “market perform” rating in a report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft raised Advance Auto Parts to a “buy” rating in a report on Friday, May 22nd. The Goldman Sachs Group raised their target price on Advance Auto Parts from $49.00 to $54.00 and gave the stock a “sell” rating in a report on Friday, May 22nd. Finally, Weiss Ratings raised Advance Auto Parts from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, May 29th. Two research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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.