Louisiana State Employees Retirement System Invests $1.40 Million in Advance Auto Parts, Inc. $AAP

Louisiana State Employees Retirement System bought a new stake in shares of Advance Auto Parts, Inc. (NYSE:AAP) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 26,600 shares of the company’s stock, valued at approximately $1,403,000.

Several other institutional investors and hedge funds have also recently modified their holdings of AAP. Price T Rowe Associates Inc. MD raised its holdings in Advance Auto Parts by 18.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,474,546 shares of the company’s stock worth $293,751,000 after purchasing an additional 1,190,094 shares during the period. Maple Rock Capital Partners Inc. grew 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 period. Wellington Management Group LLP acquired a new stake in Advance Auto Parts in the third quarter valued at approximately $33,610,000. Private Management Group Inc. purchased a new stake in shares of Advance Auto Parts in the fourth quarter valued at approximately $20,123,000. Finally, Ameriprise Financial Inc. increased its position in shares of 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 buying an additional 450,738 shares in the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on AAP shares. Truist Financial increased their target price on Advance Auto Parts from $55.00 to $62.00 and gave the company a “hold” rating in a research report on Thursday, May 21st. UBS Group boosted their price target on shares of Advance Auto Parts from $60.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, May 22nd. BMO Capital Markets increased their price objective on shares of Advance Auto Parts from $60.00 to $65.00 and gave the company a “market perform” rating in a report on Friday, May 22nd. The Goldman Sachs Group increased their price objective on shares of Advance Auto Parts from $49.00 to $54.00 and gave the company a “sell” rating in a report on Friday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Advance Auto Parts to a “buy” rating in a research report on Friday, May 22nd. Two equities 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $58.66.

Advance Auto Parts Stock Performance

AAP opened at $61.46 on Friday. Advance Auto Parts, Inc. has a twelve month low of $37.89 and a twelve month high of $70.00. The firm has a market capitalization of $3.71 billion, a PE ratio of 85.37, a PEG ratio of 1.04 and a beta of 1.03. The company has a current ratio of 1.78, a quick ratio of 0.85 and a debt-to-equity ratio of 1.54. The firm’s 50-day moving average price is $57.34 and its 200 day moving average price is $52.28.

Advance Auto Parts (NYSE:AAP) last released its quarterly earnings data 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 net margin of 0.51% and a return on equity of 8.95%. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the prior year, the firm earned $0.40 EPS. Advance Auto Parts’s quarterly revenue was up 1.2% on a year-over-year basis. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS. As a group, sell-side analysts expect that Advance Auto Parts, Inc. will post 2.94 EPS for the current fiscal year.

Advance Auto Parts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, July 10th. Advance Auto Parts’s dividend 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.