Cambiar Investors LLC lessened its position in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 10.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,798 shares of the company’s stock after selling 4,173 shares during the quarter. Cambiar Investors LLC’s holdings in Advance Auto Parts were worth $4,993,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. California State Teachers Retirement System increased its position in Advance Auto Parts by 0.4% during the 4th quarter. California State Teachers Retirement System now owns 124,381 shares of the company’s stock worth $12,400,000 after purchasing an additional 507 shares in the last quarter. First Republic Investment Management Inc. increased its position in Advance Auto Parts by 23.8% during the 1st quarter. First Republic Investment Management Inc. now owns 2,641 shares of the company’s stock worth $313,000 after purchasing an additional 507 shares in the last quarter. Haverford Trust Co. increased its position in Advance Auto Parts by 26.0% during the 1st quarter. Haverford Trust Co. now owns 2,665 shares of the company’s stock worth $316,000 after purchasing an additional 550 shares in the last quarter. Rikoon Group LLC increased its position in Advance Auto Parts by 15.6% during the 1st quarter. Rikoon Group LLC now owns 4,778 shares of the company’s stock worth $535,000 after purchasing an additional 645 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Advance Auto Parts by 9.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,233 shares of the company’s stock worth $1,096,000 after purchasing an additional 765 shares in the last quarter.

AAP opened at $143.37 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.61 and a quick ratio of 0.40. The stock has a market capitalization of $10.39 billion, a price-to-earnings ratio of 26.70, a price-to-earnings-growth ratio of 1.88 and a beta of 1.09. Advance Auto Parts, Inc. has a 12 month low of $78.81 and a 12 month high of $143.70.

Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings results on Tuesday, May 22nd. The company reported $2.10 EPS for the quarter, beating the consensus estimate of $1.97 by $0.13. The company had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.91 billion. Advance Auto Parts had a return on equity of 13.09% and a net margin of 5.39%. The firm’s revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.60 EPS. sell-side analysts forecast that Advance Auto Parts, Inc. will post 6.79 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 6th. Shareholders of record on Friday, June 22nd were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.17%. The ex-dividend date was Thursday, June 21st. Advance Auto Parts’s dividend payout ratio (DPR) is 4.47%.

A number of analysts recently commented on the company. Stephens reiterated a “hold” rating and set a $130.00 price objective on shares of Advance Auto Parts in a research report on Friday, July 13th. Guggenheim set a $156.00 price objective on Advance Auto Parts and gave the stock a “buy” rating in a research report on Friday, July 13th. Royal Bank of Canada lifted their price objective on Advance Auto Parts to $154.00 and gave the stock an “outperform” rating in a research report on Thursday, July 12th. Argus set a $155.00 price objective on Advance Auto Parts and gave the stock a “buy” rating in a research report on Friday, July 6th. Finally, ValuEngine upgraded Advance Auto Parts from a “hold” rating to a “buy” rating in a research report on Thursday, July 5th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Advance Auto Parts has an average rating of “Hold” and an average price target of $127.50.

Advance Auto Parts Company 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.

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

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