APG Asset Management N.V. maintained its position in shares of Advance Auto Parts Inc (NYSE:AAP) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 96,932 shares of the company’s stock at the end of the second quarter. APG Asset Management N.V. owned about 0.13% of Advance Auto Parts worth $11,301,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Marshall Wace North America L.P. purchased a new stake in Advance Auto Parts during the first quarter worth $2,028,000. BKD Wealth Advisors LLC raised its stake in Advance Auto Parts by 47.1% in the second quarter. BKD Wealth Advisors LLC now owns 2,968 shares of the company’s stock worth $346,000 after buying an additional 951 shares during the last quarter. Kentucky Retirement Systems purchased a new stake in Advance Auto Parts during the fourth quarter worth $904,000. Stevens Capital Management LP raised its stake in Advance Auto Parts by 7.2% in the first quarter. Stevens Capital Management LP now owns 2,819 shares of the company’s stock worth $418,000 after buying an additional 190 shares during the last quarter. Finally, Strs Ohio raised its stake in Advance Auto Parts by 0.7% in the first quarter. Strs Ohio now owns 3,955 shares of the company’s stock worth $586,000 after buying an additional 28 shares during the last quarter.
Shares of Advance Auto Parts Inc (NYSE AAP) opened at 93.26 on Friday. Advance Auto Parts Inc has a 52-week low of $82.21 and a 52-week high of $177.83. The company has a market capitalization of $6.89 billion, a P/E ratio of 18.62 and a beta of 0.87. The firm’s 50 day moving average is $105.08 and its 200-day moving average is $135.28.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 6th. Shareholders of record on Friday, September 22nd will be given a dividend of $0.06 per share. The ex-dividend date is Thursday, September 21st. This represents a $0.24 dividend on an annualized basis and a yield of 0.26%. Advance Auto Parts’s payout ratio is presently 4.80%.
A number of equities research analysts recently weighed in on the stock. Royal Bank Of Canada lowered their price target on shares of Advance Auto Parts from $168.00 to $153.00 and set an “outperform” rating for the company in a report on Thursday, May 25th. UBS AG reaffirmed a “buy” rating and set a $180.00 price target (down from $200.00) on shares of Advance Auto Parts in a report on Wednesday, May 17th. Barclays PLC reaffirmed a “sell” rating and set a $120.00 price target on shares of Advance Auto Parts in a report on Friday, May 26th. Bank of America Corporation lowered their price target on shares of Advance Auto Parts from $160.00 to $150.00 and set a “neutral” rating for the company in a report on Thursday, May 25th. Finally, Jefferies Group LLC raised their price target on shares of Advance Auto Parts to $150.00 and gave the company a “hold” rating in a report on Wednesday, June 28th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $126.68.
In other Advance Auto Parts news, Director Brad W. Buss bought 1,200 shares of the business’s stock in a transaction on Wednesday, May 31st. The shares were bought at an average cost of $134.47 per share, for a total transaction of $161,364.00. Following the transaction, the director now owns 1,928 shares in the company, valued at approximately $259,258.16. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Adriana Karaboutis bought 367 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were acquired at an average price of $135.28 per share, for a total transaction of $49,647.76. Following the completion of the transaction, the director now owns 3,043 shares in the company, valued at approximately $411,657.04. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 369,462 shares of company stock worth $49,617,073. Corporate insiders own 4.50% of the company’s stock.
Advance Auto Parts Company 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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