State of Wisconsin Investment Board Has $6.73 Million Position in Advance Auto Parts Inc (AAP)

State of Wisconsin Investment Board lifted its position in Advance Auto Parts Inc (NYSE:AAP) by 6.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,873 shares of the company’s stock after buying an additional 4,066 shares during the quarter. State of Wisconsin Investment Board owned about 0.09% of Advance Auto Parts worth $6,733,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Tobam bought a new position in Advance Auto Parts during the second quarter worth $118,000. QS Investors LLC boosted its position in Advance Auto Parts by 0.9% during the second quarter. QS Investors LLC now owns 1,017 shares of the company’s stock worth $119,000 after purchasing an additional 9 shares during the period. Huntington National Bank boosted its position in Advance Auto Parts by 37.1% during the second quarter. Huntington National Bank now owns 1,046 shares of the company’s stock worth $122,000 after purchasing an additional 283 shares during the period. Global X Management Co. LLC boosted its position in Advance Auto Parts by 14.3% during the second quarter. Global X Management Co. LLC now owns 1,111 shares of the company’s stock worth $130,000 after purchasing an additional 139 shares during the period. Finally, IFP Advisors Inc boosted its position in Advance Auto Parts by 57.5% during the second quarter. IFP Advisors Inc now owns 1,208 shares of the company’s stock worth $141,000 after purchasing an additional 441 shares during the period.

A number of research firms have commented on AAP. Jefferies Group LLC reduced their price objective on shares of Advance Auto Parts from $130.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, November 15th. Morgan Stanley reaffirmed an “overweight” rating on shares of Advance Auto Parts in a research report on Wednesday, November 15th. Citigroup Inc. lifted their price objective on shares of Advance Auto Parts from $82.00 to $85.00 and gave the stock a “sell” rating in a research report on Wednesday, November 15th. Royal Bank Of Canada lifted their price objective on shares of Advance Auto Parts from $100.00 to $109.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 15th. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Advance Auto Parts in a report on Tuesday, November 14th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. Advance Auto Parts currently has an average rating of “Hold” and a consensus price target of $104.89.

Advance Auto Parts Inc (AAP) opened at $89.27 on Monday. The company has a market capitalization of $6,596.88, a PE ratio of 15.91, a P/E/G ratio of 1.61 and a beta of 0.90. Advance Auto Parts Inc has a 52 week low of $78.81 and a 52 week high of $177.83. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.52 and a quick ratio of 0.32.

Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings results on Tuesday, November 14th. The company reported $1.43 EPS for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.18. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.21 billion. Advance Auto Parts had a return on equity of 13.51% and a net margin of 3.75%. Advance Auto Parts’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.73 earnings per share. equities analysts expect that Advance Auto Parts Inc will post 5.22 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 22nd will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date is Thursday, December 21st. Advance Auto Parts’s dividend payout ratio is presently 5.03%.

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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.

Institutional Ownership by Quarter for Advance Auto Parts (NYSE:AAP)

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