Advance Auto Parts, Inc. (AAP) Shares Sold by JLB & Associates Inc.

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JLB & Associates Inc. reduced its stake in Advance Auto Parts, Inc. (NYSE:AAP) by 33.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,061 shares of the company’s stock after selling 1,038 shares during the quarter. JLB & Associates Inc.’s holdings in Advance Auto Parts were worth $324,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Advisor Partners LLC lifted its stake in shares of Advance Auto Parts by 14.4% in the 3rd quarter. Advisor Partners LLC now owns 2,443 shares of the company’s stock worth $411,000 after acquiring an additional 307 shares during the period. Penserra Capital Management LLC lifted its stake in shares of Advance Auto Parts by 16.5% in the 3rd quarter. Penserra Capital Management LLC now owns 2,208 shares of the company’s stock worth $371,000 after acquiring an additional 312 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Advance Auto Parts by 1.7% in the 2nd quarter. Janus Henderson Group PLC now owns 20,914 shares of the company’s stock worth $2,838,000 after acquiring an additional 357 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of Advance Auto Parts by 15.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 2,867 shares of the company’s stock worth $483,000 after acquiring an additional 379 shares during the period. Finally, BB&T Corp lifted its stake in shares of Advance Auto Parts by 16.7% in the 3rd quarter. BB&T Corp now owns 2,713 shares of the company’s stock worth $457,000 after acquiring an additional 389 shares during the period. 97.66% of the stock is owned by institutional investors.

In other news, Director Fiona P. Dias sold 1,048 shares of the business’s stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $177.54, for a total transaction of $186,061.92. Following the sale, the director now owns 11,693 shares in the company, valued at $2,075,975.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.50% of the stock is owned by insiders.

AAP stock traded down $4.20 on Friday, hitting $160.87. 37,775 shares of the company’s stock traded hands, compared to its average volume of 1,160,691. Advance Auto Parts, Inc. has a 1-year low of $102.15 and a 1-year high of $186.15. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.62 and a quick ratio of 0.49. The firm has a market cap of $11.99 billion, a PE ratio of 30.03, a P/E/G ratio of 1.67 and a beta of 1.08.

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

The company also recently declared a quarterly dividend, which was paid on Friday, January 4th. Stockholders of record on Friday, December 21st were issued a dividend of $0.06 per share. The ex-dividend date was Thursday, December 20th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.15%. Advance Auto Parts’s dividend payout ratio is currently 4.47%.

AAP has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Advance Auto Parts from a “buy” rating to a “hold” rating in a research note on Monday, November 26th. UBS Group increased their target price on shares of Advance Auto Parts from $190.00 to $215.00 and gave the company a “buy” rating in a research note on Wednesday, November 14th. Bank of America increased their target price on shares of Advance Auto Parts from $177.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, November 14th. Credit Suisse Group set a $195.00 target price on shares of Advance Auto Parts and gave the company a “buy” rating in a research note on Wednesday, November 14th. Finally, Argus increased their target price on shares of Advance Auto Parts from $155.00 to $184.00 and gave the company a “buy” rating in a research note on Monday, September 17th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $182.41.

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Advance Auto Parts Profile

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.

Further Reading: What are the Different Types of Leveraged Buyouts?

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

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