Stevens Capital Management LP Purchases 22,614 Shares of Advance Auto Parts, Inc. (AAP)

Stevens Capital Management LP raised its position in Advance Auto Parts, Inc. (NYSE:AAP) by 57.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 62,058 shares of the company’s stock after buying an additional 22,614 shares during the period. Stevens Capital Management LP owned about 0.09% of Advance Auto Parts worth $9,772,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in AAP. Diversified Trust Co boosted its position in shares of Advance Auto Parts by 4.1% in the 4th quarter. Diversified Trust Co now owns 1,539 shares of the company’s stock worth $242,000 after purchasing an additional 60 shares during the last quarter. Advisor Partners LLC raised its stake in Advance Auto Parts by 3.8% during the 4th quarter. Advisor Partners LLC now owns 2,535 shares of the company’s stock worth $399,000 after buying an additional 92 shares during the period. Gateway Investment Advisers LLC raised its stake in Advance Auto Parts by 2.2% during the 4th quarter. Gateway Investment Advisers LLC now owns 4,445 shares of the company’s stock worth $700,000 after buying an additional 94 shares during the period. M&T Bank Corp raised its stake in Advance Auto Parts by 3.5% during the 4th quarter. M&T Bank Corp now owns 3,729 shares of the company’s stock worth $586,000 after buying an additional 126 shares during the period. Finally, Dupont Capital Management Corp raised its stake in Advance Auto Parts by 14.9% during the 4th quarter. Dupont Capital Management Corp now owns 1,043 shares of the company’s stock worth $164,000 after buying an additional 135 shares during the period. Hedge funds and other institutional investors own 96.09% of the company’s stock.

In related news, Director Fiona P. Dias sold 1,048 shares of Advance Auto Parts stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $177.54, for a total value of $186,061.92. Following the sale, the director now owns 11,693 shares of the company’s stock, valued at $2,075,975.22. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.50% of the stock is currently owned by insiders.

NYSE:AAP opened at $168.27 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.49 and a current ratio of 1.62. The stock has a market capitalization of $12.24 billion, a P/E ratio of 31.34, a P/E/G ratio of 1.46 and a beta of 1.04. Advance Auto Parts, Inc. has a 52-week low of $102.15 and a 52-week high of $186.15.

Advance Auto Parts (NYSE:AAP) last released its earnings results on Tuesday, November 13th. The company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.14. The business had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.23 billion. Advance Auto Parts had a return on equity of 13.99% and a net margin of 5.83%. Advance Auto Parts’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.43 earnings per share. On average, analysts anticipate that Advance Auto Parts, Inc. will post 7.11 earnings per share for the current year.

Several research firms have issued reports on AAP. Barclays raised Advance Auto Parts from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $170.00 to $205.00 in a research note on Monday, January 7th. Bank of America raised Advance Auto Parts from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 9th. They noted that the move was a valuation call. Zacks Investment Research downgraded Advance Auto Parts from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. Wedbush lifted their price target on Advance Auto Parts from $175.00 to $185.00 and gave the company an “outperform” rating in a research note on Friday, October 26th. Finally, Wells Fargo & Co reissued a “hold” rating on shares of Advance Auto Parts in a research note on Tuesday, October 16th. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Advance Auto Parts presently has a consensus rating of “Buy” and a consensus price target of $183.06.

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About Advance Auto Parts

Advance Auto Parts, Inc provides automotive replacement parts, batteries, accessories, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. It offers battery accessories, belts and hoses, brakes and brake pads, chassis and climate control parts, clutches and drive shafts, engines and engine parts, exhaust systems and parts, hub assemblies, ignition components and wires, radiators and cooling parts, starters and alternators, and steering and alignment parts.

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

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