Crossmark Global Holdings Inc. Buys 3,899 Shares of Advance Auto Parts, Inc. (AAP)

Crossmark Global Holdings Inc. grew its stake in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 35.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,918 shares of the company’s stock after buying an additional 3,899 shares during the period. Crossmark Global Holdings Inc.’s holdings in Advance Auto Parts were worth $1,487,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. QS Investors LLC boosted its holdings in shares of Advance Auto Parts by 0.9% during the second quarter. QS Investors LLC now owns 1,017 shares of the company’s stock worth $119,000 after purchasing an additional 9 shares during the last quarter. FDx Advisors Inc. acquired a new stake in shares of Advance Auto Parts during the third quarter worth $201,000. IFM Investors Pty Ltd acquired a new stake in shares of Advance Auto Parts during the fourth quarter worth $207,000. Quantitative Systematic Strategies LLC acquired a new stake in shares of Advance Auto Parts during the fourth quarter worth $207,000. Finally, Advisor Partners LLC acquired a new stake in shares of Advance Auto Parts during the fourth quarter worth $208,000.

Advance Auto Parts, Inc. (NYSE AAP) opened at $109.02 on Thursday. Advance Auto Parts, Inc. has a fifty-two week low of $78.81 and a fifty-two week high of $169.55. The firm has a market capitalization of $7,849.45, a price-to-earnings ratio of 22.86, a P/E/G ratio of 1.72 and a beta of 1.14. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.52 and a quick ratio of 0.32.

Advance Auto Parts (NYSE:AAP) last issued its earnings results on Tuesday, November 14th. The company reported $1.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.18. Advance Auto Parts had a return on equity of 13.51% and a net margin of 3.75%. The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter last year, the firm earned $1.73 earnings per share. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. equities analysts forecast that Advance Auto Parts, Inc. will post 5.25 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 6th. Shareholders of record on Friday, March 23rd will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.22%. The ex-dividend date is Thursday, March 22nd. Advance Auto Parts’s dividend payout ratio (DPR) is presently 5.03%.

Several equities research analysts have recently issued reports on the company. Stephens set a $108.00 price objective on Advance Auto Parts and gave the stock a “hold” rating in a report on Tuesday, January 16th. Jefferies Group decreased their price objective on Advance Auto Parts from $130.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, November 15th. Moffett Nathanson assumed coverage on Advance Auto Parts in a report on Monday, December 4th. They set a “neutral” rating on the stock. Morgan Stanley raised their price objective on Advance Auto Parts from $92.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, November 8th. Finally, Zacks Investment Research cut Advance Auto Parts from a “buy” rating to a “hold” rating in a report on Wednesday, January 17th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $109.91.

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About Advance Auto Parts

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.

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

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