SG Americas Securities LLC Sells 18,473 Shares of Advance Auto Parts, Inc. $AAP

SG Americas Securities LLC lowered its stake in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 46.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 21,238 shares of the company’s stock after selling 18,473 shares during the quarter. SG Americas Securities LLC’s holdings in Advance Auto Parts were worth $1,120,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CSM Advisors LLC raised its stake in shares of Advance Auto Parts by 71.6% in the third quarter. CSM Advisors LLC now owns 89,867 shares of the company’s stock valued at $5,517,000 after acquiring an additional 37,486 shares during the period. Fluent Financial LLC purchased a new position in shares of Advance Auto Parts during the 4th quarter worth about $6,228,000. Royce & Associates LP boosted its stake in shares of Advance Auto Parts by 30.5% during the 4th quarter. Royce & Associates LP now owns 1,478,633 shares of the company’s stock worth $58,110,000 after purchasing an additional 345,217 shares during the period. Private Management Group Inc. bought a new position in Advance Auto Parts during the 4th quarter valued at about $20,123,000. Finally, Palumbo Wealth Management LLC bought a new position in Advance Auto Parts during the 4th quarter valued at about $1,577,000. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. 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 upped their target price on Advance Auto Parts from $50.00 to $60.00 and gave the company an “equal weight” rating in a research note on Friday, May 22nd. The Goldman Sachs Group increased their price target on Advance Auto Parts from $49.00 to $54.00 and gave the stock a “sell” rating in a report on Friday, May 22nd. UBS Group raised their price target on Advance Auto Parts from $60.00 to $65.00 and gave the stock a “neutral” rating in a research note on Friday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft upgraded Advance Auto Parts to a “buy” rating in a report on Friday, May 22nd. Two research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $58.66.

Advance Auto Parts Stock Down 0.1%

Shares of Advance Auto Parts stock opened at $61.46 on Friday. 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 stock has a market cap of $3.71 billion, a price-to-earnings ratio of 85.37, a PEG ratio of 1.01 and a beta of 1.03. The firm’s 50-day moving average is $57.39 and its two-hundred day moving average is $52.35. Advance Auto Parts, Inc. has a 1 year low of $37.89 and a 1 year high of $70.00.

Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings results on Thursday, May 21st. The company reported $0.77 earnings per share 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 firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the prior year, the company earned $0.40 EPS. The company’s 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. As a group, research analysts expect that Advance Auto Parts, Inc. will post 2.94 earnings per share 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 issued a dividend of $0.25 per share. The ex-dividend date is Friday, July 10th. This represents a $1.00 dividend on an annualized basis and a yield of 1.6%. Advance Auto Parts’s dividend payout ratio is currently 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.