Mitsubishi UFJ Trust & Banking Corp Has $688,000 Stock Position in Advance Auto Parts, Inc. $AAP

Mitsubishi UFJ Trust & Banking Corp trimmed its position in Advance Auto Parts, Inc. (NYSE:AAP) by 39.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 17,513 shares of the company’s stock after selling 11,308 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Advance Auto Parts were worth $688,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Comerica Bank boosted its holdings in shares of Advance Auto Parts by 13.6% in the fourth quarter. Comerica Bank now owns 47,835 shares of the company’s stock worth $1,880,000 after buying an additional 5,738 shares during the period. Pictet Asset Management Holding SA boosted its holdings in shares of Advance Auto Parts by 11.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 9,283 shares of the company’s stock worth $365,000 after buying an additional 968 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Advance Auto Parts by 11.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,092 shares of the company’s stock worth $868,000 after buying an additional 2,322 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Advance Auto Parts by 1.2% in the fourth quarter. State of Alaska Department of Revenue now owns 30,554 shares of the company’s stock worth $1,200,000 after buying an additional 371 shares during the period. Finally, Altfest L J & Co. Inc. acquired a new position in shares of Advance Auto Parts in the fourth quarter worth about $264,000. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on AAP. UBS Group reiterated a “neutral” rating on shares of Advance Auto Parts in a report on Monday, February 9th. Morgan Stanley set a $60.00 target price on shares of Advance Auto Parts in a report on Tuesday, February 17th. BMO Capital Markets raised their price target on shares of Advance Auto Parts from $55.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, February 17th. Royal Bank Of Canada raised their price target on shares of Advance Auto Parts from $57.00 to $63.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 17th. Finally, Truist Financial raised their price target on shares of Advance Auto Parts from $48.00 to $57.00 and gave the stock a “hold” rating in a report on Tuesday, February 17th. Two equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $52.93.

Advance Auto Parts Price Performance

NYSE AAP opened at $56.92 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.75 and a debt-to-equity ratio of 1.55. The stock has a market capitalization of $3.43 billion, a PE ratio of 77.97, a price-to-earnings-growth ratio of 1.00 and a beta of 1.06. The company has a 50 day moving average price of $53.69 and a two-hundred day moving average price of $50.48. Advance Auto Parts, Inc. has a 12-month low of $30.84 and a 12-month high of $70.00.

Advance Auto Parts (NYSE:AAP) last posted its earnings results on Friday, February 13th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.45. The firm had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Advance Auto Parts had a net margin of 0.51% and a return on equity of 6.23%. The company’s revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($10.16) earnings per share. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.10 EPS. As a group, equities analysts predict that Advance Auto Parts, Inc. will post 2.77 earnings per share for the current fiscal year.

Advance Auto Parts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Friday, April 10th were paid a $0.25 dividend. The ex-dividend date was Friday, April 10th. This represents a $1.00 dividend on an annualized basis and a yield of 1.8%. Advance Auto Parts’s payout ratio is 136.99%.

Advance Auto Parts Profile

Advance Auto Parts, Inc (NYSE: AAP) is a leading distributor of automotive aftermarket parts, accessories, and maintenance items. The company operates a network of stores and distribution centers across North America, serving both do-it-yourself (DIY) customers and professional service providers. Advance Auto Parts focuses on offering a comprehensive selection of replacement parts, batteries, engine components, and performance products for cars and light trucks.

The company’s product portfolio includes engine oils and lubricants, cooling system components, brake and suspension parts, filters, belts, hoses, and diagnostic tools.