Stephens Inc. AR Purchases New Holdings in Advance Auto Parts, Inc. (AAP)
Stephens Inc. AR purchased a new position in Advance Auto Parts, Inc. (NYSE:AAP) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,851 shares of the company’s stock, valued at approximately $284,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. QS Investors LLC lifted its holdings in shares of Advance Auto Parts by 0.9% in the 2nd 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. Advisor Partners LLC bought a new stake in shares of Advance Auto Parts in the 4th quarter worth approximately $208,000. FDx Advisors Inc. bought a new stake in shares of Advance Auto Parts in the 3rd quarter worth approximately $201,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Advance Auto Parts in the 4th quarter worth approximately $207,000. Finally, IFM Investors Pty Ltd acquired a new stake in Advance Auto Parts in the 4th quarter valued at approximately $207,000.
Several analysts recently commented on the company. Oppenheimer restated a “hold” rating on shares of Advance Auto Parts in a research report on Tuesday, November 14th. Moffett Nathanson assumed coverage on Advance Auto Parts in a research report on Monday, December 4th. They issued a “neutral” rating on the stock. Jefferies Group lowered their target price on Advance Auto Parts from $130.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. Stephens set a $108.00 target price on Advance Auto Parts and gave the company a “hold” rating in a research report on Tuesday, January 16th. Finally, Citigroup raised their target price on Advance Auto Parts from $82.00 to $85.00 and gave the company a “sell” rating in a research report on Wednesday, November 15th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the stock. Advance Auto Parts currently has a consensus rating of “Hold” and a consensus target price of $109.91.
Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings results on Tuesday, November 14th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same period last year, the firm earned $1.73 EPS. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. sell-side analysts predict that Advance Auto Parts, Inc. will post 5.25 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 6th. Stockholders of record on Friday, March 23rd will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.22%. The ex-dividend date is Thursday, March 22nd. Advance Auto Parts’s dividend payout ratio (DPR) is presently 5.03%.
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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