Thompson Siegel & Walmsley LLC raised its holdings in Advance Auto Parts Inc (NYSE:AAP) by 279.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,147,414 shares of the company’s stock after purchasing an additional 845,130 shares during the period. Advance Auto Parts accounts for about 1.6% of Thompson Siegel & Walmsley LLC’s holdings, making the stock its 5th biggest position. Thompson Siegel & Walmsley LLC owned 1.56% of Advance Auto Parts worth $133,777,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the company. State of Tennessee Treasury Department increased its stake in shares of Advance Auto Parts by 0.3% in the second quarter. State of Tennessee Treasury Department now owns 20,197 shares of the company’s stock worth $2,355,000 after purchasing an additional 60 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Advance Auto Parts by 4.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 1,582 shares of the company’s stock valued at $184,000 after acquiring an additional 68 shares during the period. Delta Lloyd Asset Management N.V. bought a new position in shares of Advance Auto Parts in the second quarter valued at approximately $1,215,000. Swiss National Bank boosted its position in shares of Advance Auto Parts by 2.8% in the second quarter. Swiss National Bank now owns 268,318 shares of the company’s stock valued at $31,283,000 after acquiring an additional 7,300 shares during the period. Finally, ARGA Investment Management LP boosted its position in shares of Advance Auto Parts by 89.0% in the second quarter. ARGA Investment Management LP now owns 53,300 shares of the company’s stock valued at $6,214,000 after acquiring an additional 25,100 shares during the period.
Shares of Advance Auto Parts Inc (NYSE AAP) opened at 99.51 on Friday. Advance Auto Parts Inc has a one year low of $82.21 and a one year high of $177.83. The stock has a market capitalization of $7.35 billion, a price-to-earnings ratio of 19.87 and a beta of 0.90. The firm’s 50-day moving average is $100.43 and its 200-day moving average is $126.42.
Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings results on Tuesday, August 15th. The company reported $1.58 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.07). The business had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.26 billion. Advance Auto Parts had a net margin of 3.91% and a return on equity of 14.71%. The firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.90 earnings per share. Equities research analysts forecast that Advance Auto Parts Inc will post $5.17 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 6th. Investors of record on Friday, September 22nd will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, September 21st. This represents a $0.24 annualized dividend and a yield of 0.24%. Advance Auto Parts’s dividend payout ratio is presently 4.80%.
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Several brokerages have issued reports on AAP. UBS AG reiterated a “buy” rating and set a $170.00 target price (down from $180.00) on shares of Advance Auto Parts in a research report on Thursday, May 25th. Jefferies Group LLC restated a “buy” rating and issued a $130.00 price objective on shares of Advance Auto Parts in a report on Tuesday, September 12th. Barclays PLC restated an “equal weight” rating and issued a $90.00 price objective (down from $93.00) on shares of Advance Auto Parts in a report on Wednesday, August 16th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Advance Auto Parts in a report on Tuesday, August 15th. Finally, Citigroup Inc. decreased their target price on shares of Advance Auto Parts to $99.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 16th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $123.08.
Advance Auto Parts Profile
Advance Auto Parts, Inc provides automotive aftermarket parts in North America, serving do-it-for-me (Professional) and do-it-yourself (DIY), customers. The Company’s stores and branches offer a selection of brand name, original equipment manufacturer (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks.
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