Advisors Asset Management Inc. trimmed its stake in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 49.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,875 shares of the company’s stock after selling 2,801 shares during the quarter. Advisors Asset Management Inc.’s holdings in Advance Auto Parts were worth $285,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in AAP. Putnam FL Investment Management Co. acquired a new position in shares of Advance Auto Parts in the 3rd quarter worth approximately $308,000. Russell Investments Group Ltd. grew its stake in shares of Advance Auto Parts by 135.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 144,265 shares of the company’s stock worth $14,312,000 after purchasing an additional 83,014 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Advance Auto Parts by 1.7% in the 3rd quarter. Rhumbline Advisers now owns 135,170 shares of the company’s stock worth $13,409,000 after purchasing an additional 2,299 shares during the last quarter. Advisor Group Inc. grew its stake in shares of Advance Auto Parts by 477.3% in the 3rd quarter. Advisor Group Inc. now owns 7,690 shares of the company’s stock worth $762,000 after purchasing an additional 6,358 shares during the last quarter. Finally, Toronto Dominion Bank grew its stake in shares of Advance Auto Parts by 11.9% in the 3rd quarter. Toronto Dominion Bank now owns 28,281 shares of the company’s stock worth $2,805,000 after purchasing an additional 3,002 shares during the last quarter.
Shares of Advance Auto Parts, Inc. (AAP) traded down $0.02 on Friday, reaching $99.69. 969,168 shares of the company were exchanged, compared to its average volume of 1,292,254. Advance Auto Parts, Inc. has a 52-week low of $78.81 and a 52-week high of $177.50. The stock has a market capitalization of $7,368.37, a P/E ratio of 20.90, a PEG ratio of 1.79 and a beta of 1.00. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.52 and a quick ratio of 0.32.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 22nd will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date is Thursday, December 21st. Advance Auto Parts’s payout ratio is presently 5.03%.
Several equities analysts have recently issued reports on AAP shares. Jefferies Group lowered their price objective on shares of Advance Auto Parts from $130.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, November 15th. Morgan Stanley set a $120.00 price objective on shares of Advance Auto Parts and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Oppenheimer reaffirmed a “hold” rating on shares of Advance Auto Parts in a research note on Tuesday, November 14th. Zacks Investment Research raised shares of Advance Auto Parts from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Advance Auto Parts in a research note on Wednesday, October 4th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $106.32.
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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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