JLB & Associates Inc. lessened its stake in Advance Auto Parts, Inc. (NYSE:AAP) by 33.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AAP. Advisor Partners LLC lifted its holdings in shares of Advance Auto Parts by 14.4% during the 3rd quarter. Advisor Partners LLC now owns 2,443 shares of the company’s stock valued at $411,000 after acquiring an additional 307 shares in the last quarter. Penserra Capital Management LLC lifted its holdings in shares of Advance Auto Parts by 16.5% during the 3rd quarter. Penserra Capital Management LLC now owns 2,208 shares of the company’s stock valued at $371,000 after acquiring an additional 312 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Advance Auto Parts by 1.7% during the 2nd quarter. Janus Henderson Group PLC now owns 20,914 shares of the company’s stock valued at $2,838,000 after acquiring an additional 357 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Advance Auto Parts by 15.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 2,867 shares of the company’s stock valued at $483,000 after acquiring an additional 379 shares in the last quarter. Finally, BB&T Corp lifted its holdings in shares of Advance Auto Parts by 16.7% during the 3rd quarter. BB&T Corp now owns 2,713 shares of the company’s stock valued at $457,000 after acquiring an additional 389 shares in the last quarter. Institutional investors own 97.66% of the company’s stock.

Several research firms recently weighed in on AAP. Zacks Investment Research upgraded shares of Advance Auto Parts from a “hold” rating to a “buy” rating and set a $200.00 target price on the stock in a report on Thursday, December 6th. JPMorgan Chase & Co. lifted their target price on shares of Advance Auto Parts from $220.00 to $222.00 and gave the company an “overweight” rating in a report on Wednesday, November 14th. Morgan Stanley lifted their target price on shares of Advance Auto Parts from $170.00 to $195.00 and gave the company an “overweight” rating in a report on Thursday, October 11th. Deutsche Bank set a $205.00 target price on shares of Advance Auto Parts and gave the company a “buy” rating in a report on Wednesday, November 14th. Finally, UBS Group lifted their target price on shares of Advance Auto Parts from $190.00 to $215.00 and gave the company a “buy” rating in a report on Wednesday, November 14th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $182.41.

In other news, Director Fiona P. Dias sold 1,048 shares of the business’s stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $177.54, for a total value of $186,061.92. Following the completion of the sale, the director now owns 11,693 shares of the company’s stock, valued at approximately $2,075,975.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.50% of the stock is currently owned by insiders.

Advance Auto Parts stock traded down $4.20 during midday trading on Friday, hitting $160.87. 37,775 shares of the stock were exchanged, 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 market capitalization of $11.99 billion, a price-to-earnings ratio of 30.03, a price-to-earnings-growth ratio of 1.67 and a beta of 1.08. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.62 and a quick ratio of 0.49.

Advance Auto Parts (NYSE:AAP) last released its earnings results on Tuesday, November 13th. The company reported $1.89 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.75 by $0.14. The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.23 billion. Advance Auto Parts had a net margin of 5.83% and a return on equity of 13.99%. The company’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.43 EPS. Analysts forecast that Advance Auto Parts, Inc. will post 7.11 earnings per share for the current fiscal year.

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

TRADEMARK VIOLATION WARNING: “Advance Auto Parts, Inc. (AAP) Shares Sold by JLB & Associates Inc.” was originally published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this report on another publication, it was copied illegally and republished in violation of international copyright and trademark laws. The legal version of this report can be viewed at https://theolympiareport.com/2019/01/11/advance-auto-parts-inc-aap-shares-sold-by-jlb-associates-inc.html.

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.

Featured Story: How is the S&P 500 index different from the DJIA?

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

Receive News & Ratings for Advance Auto Parts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advance Auto Parts and related companies with MarketBeat.com's FREE daily email newsletter.