Evoke Wealth LLC Sells 104 Shares of Advance Auto Parts, Inc. (NYSE:AAP)

Evoke Wealth LLC lowered its holdings in Advance Auto Parts, Inc. (NYSE:AAPGet Rating) by 5.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,813 shares of the company’s stock after selling 104 shares during the quarter. Evoke Wealth LLC’s holdings in Advance Auto Parts were worth $378,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Quadrant Capital Group LLC boosted its holdings in shares of Advance Auto Parts by 10.5% in the 1st quarter. Quadrant Capital Group LLC now owns 526 shares of the company’s stock valued at $108,000 after acquiring an additional 50 shares during the last quarter. Profund Advisors LLC boosted its holdings in shares of Advance Auto Parts by 4.0% in the 4th quarter. Profund Advisors LLC now owns 1,324 shares of the company’s stock valued at $318,000 after acquiring an additional 51 shares during the last quarter. Beaumont Asset Management L.L.C. boosted its holdings in shares of Advance Auto Parts by 1.6% in the 1st quarter. Beaumont Asset Management L.L.C. now owns 3,415 shares of the company’s stock valued at $706,000 after acquiring an additional 54 shares during the last quarter. Wetherby Asset Management Inc. boosted its holdings in shares of Advance Auto Parts by 4.3% in the 4th quarter. Wetherby Asset Management Inc. now owns 1,331 shares of the company’s stock valued at $319,000 after acquiring an additional 55 shares during the last quarter. Finally, Personal CFO Solutions LLC boosted its holdings in shares of Advance Auto Parts by 5.5% in the 1st quarter. Personal CFO Solutions LLC now owns 1,064 shares of the company’s stock valued at $220,000 after acquiring an additional 55 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Advance Auto Parts Price Performance

Advance Auto Parts stock opened at $209.60 on Wednesday. Advance Auto Parts, Inc. has a 52-week low of $164.00 and a 52-week high of $244.55. The firm has a market capitalization of $12.71 billion, a price-to-earnings ratio of 23.34, a PEG ratio of 1.19 and a beta of 1.22. The company has a fifty day simple moving average of $185.00 and a 200-day simple moving average of $201.06. The company has a quick ratio of 0.25, a current ratio of 1.20 and a debt-to-equity ratio of 0.41.

Advance Auto Parts (NYSE:AAPGet Rating) last released its earnings results on Monday, May 23rd. The company reported $3.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.53 by $0.04. Advance Auto Parts had a net margin of 5.16% and a return on equity of 24.74%. The business had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same quarter in the prior year, the firm earned $3.34 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities analysts anticipate that Advance Auto Parts, Inc. will post 13.68 EPS for the current fiscal year.

Advance Auto Parts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Investors of record on Friday, June 17th were issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend was Thursday, June 16th. Advance Auto Parts’s dividend payout ratio is currently 66.82%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AAP shares. Morgan Stanley decreased their target price on shares of Advance Auto Parts from $240.00 to $225.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 24th. StockNews.com upgraded shares of Advance Auto Parts from a “hold” rating to a “buy” rating in a research note on Thursday, August 11th. MKM Partners started coverage on shares of Advance Auto Parts in a research note on Thursday, June 23rd. They issued a “buy” rating and a $195.00 target price for the company. Royal Bank of Canada decreased their target price on shares of Advance Auto Parts from $247.00 to $217.00 in a research note on Wednesday, May 25th. Finally, Wells Fargo & Company decreased their target price on shares of Advance Auto Parts from $230.00 to $200.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 24th. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Advance Auto Parts currently has an average rating of “Moderate Buy” and an average target price of $242.17.

Advance Auto Parts Company Profile

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Advance Auto Parts, Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company 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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