Cubist Systematic Strategies LLC boosted its position in shares of Advance Auto Parts Inc (NYSE:AAP) by 165.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,384 shares of the company’s stock after acquiring an additional 9,578 shares during the period. Cubist Systematic Strategies LLC’s holdings in Advance Auto Parts were worth $1,794,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of AAP. BlackRock Inc. grew its holdings in Advance Auto Parts by 3,142.5% during the 1st quarter. BlackRock Inc. now owns 4,320,280 shares of the company’s stock worth $640,524,000 after acquiring an additional 4,187,042 shares in the last quarter. Lazard Asset Management LLC grew its holdings in Advance Auto Parts by 45.7% during the 1st quarter. Lazard Asset Management LLC now owns 3,135,361 shares of the company’s stock worth $464,848,000 after acquiring an additional 983,616 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in Advance Auto Parts by 6,616.2% during the 2nd quarter. Neuberger Berman Group LLC now owns 903,258 shares of the company’s stock worth $105,311,000 after acquiring an additional 889,809 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its holdings in Advance Auto Parts by 279.6% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,147,414 shares of the company’s stock worth $133,777,000 after acquiring an additional 845,130 shares in the last quarter. Finally, Bessemer Group Inc. grew its holdings in Advance Auto Parts by 193.0% during the 2nd quarter. Bessemer Group Inc. now owns 1,207,206 shares of the company’s stock worth $140,748,000 after acquiring an additional 795,132 shares in the last quarter.
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Advance Auto Parts Inc (NYSE:AAP) traded down 0.48% during mid-day trading on Wednesday, reaching $91.40. 46,541 shares of the company traded hands. Advance Auto Parts Inc has a 52-week low of $82.21 and a 52-week high of $177.83. The firm’s 50-day moving average is $96.22 and its 200 day moving average is $118.96. The stock has a market capitalization of $6.75 billion, a PE ratio of 18.25 and a beta of 0.92.
Advance Auto Parts (NYSE:AAP) last released its quarterly earnings data on Tuesday, August 15th. The company reported $1.58 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 14.71% and a net margin of 3.91%. The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.90 EPS. On average, equities research analysts expect that Advance Auto Parts Inc will post $5.17 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 6th. Shareholders of record on Friday, September 22nd were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date was Thursday, September 21st. Advance Auto Parts’s dividend payout ratio is presently 4.80%.
Several research analysts have commented on AAP shares. BTIG Research reiterated a “sell” rating and set a $109.00 price target (down previously from $120.00) on shares of Advance Auto Parts in a report on Thursday, June 22nd. Credit Suisse Group set a $150.00 target price on shares of Advance Auto Parts and gave the company a “buy” rating in a report on Monday, June 26th. Cleveland Research cut shares of Advance Auto Parts from a “buy” rating to a “neutral” rating in a report on Wednesday, June 28th. Jefferies Group LLC upped their target price on shares of Advance Auto Parts to $150.00 and gave the company a “hold” rating in a report on Wednesday, June 28th. Finally, Maxim Group restated a “buy” rating on shares of Advance Auto Parts in a report on Thursday, June 29th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company. Advance Auto Parts has an average rating of “Hold” and a consensus target price of $118.79.
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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