Sterling Capital Management LLC held its stake in shares of Advance Auto Parts Inc (NYSE:AAP) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,275 shares of the company’s stock at the end of the second quarter. Sterling Capital Management LLC’s holdings in Advance Auto Parts were worth $2,131,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Intellectus Partners LLC increased its position in Advance Auto Parts by 39.7% during the 2nd quarter. Intellectus Partners LLC now owns 4,260 shares of the company’s stock valued at $497,000 after buying an additional 1,210 shares in the last quarter. Security National Bank of SO Dak increased its position in Advance Auto Parts by 2.2% during the 2nd quarter. Security National Bank of SO Dak now owns 5,052 shares of the company’s stock valued at $589,000 after buying an additional 110 shares in the last quarter. Security National Bank of Sioux City Iowa IA increased its position in Advance Auto Parts by 1.1% during the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 6,107 shares of the company’s stock valued at $712,000 after buying an additional 67 shares in the last quarter. Nomura Holdings Inc. increased its position in Advance Auto Parts by 49.1% during the 2nd quarter. Nomura Holdings Inc. now owns 25,322 shares of the company’s stock valued at $2,953,000 after buying an additional 8,334 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in Advance Auto Parts by 22.7% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 27,039 shares of the company’s stock valued at $3,153,000 after buying an additional 4,997 shares in the last quarter.

Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings results on Tuesday, August 15th. The company reported $1.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.65 by ($0.07). The firm had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.26 billion. Advance Auto Parts had a return on equity of 14.71% and a net margin of 3.91%. Advance Auto Parts’s revenue was up .3% compared to the same quarter last year. During the same period last year, the firm earned $1.90 EPS.

The company also recently declared a quarterly dividend, which was paid on Friday, October 6th. Stockholders of record on Friday, September 22nd were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.27%. The ex-dividend date was Thursday, September 21st. Advance Auto Parts’s dividend payout ratio (DPR) is 4.80%.

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Several research analysts recently issued reports on the company. Zacks Investment Research raised Advance Auto Parts from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Advance Auto Parts in a research report on Wednesday, October 4th. Citigroup Inc. lowered Advance Auto Parts from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, October 4th. Jefferies Group LLC reaffirmed a “buy” rating and set a $130.00 target price on shares of Advance Auto Parts in a research report on Tuesday, September 12th. Finally, Bank of America Corporation reaffirmed an “underperform” rating and set a $87.50 target price on shares of Advance Auto Parts in a research report on Tuesday, September 5th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $118.79.

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.

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

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