18,499 Shares in Advance Auto Parts, Inc. $AAP Purchased by Havemeyer Place LP

Havemeyer Place LP acquired a new position in shares of Advance Auto Parts, Inc. (NYSE:AAP) during the fourth quarter, Holdings Channel.com reports. The fund acquired 18,499 shares of the company’s stock, valued at approximately $727,000.

A number of other institutional investors have also added to or reduced their stakes in AAP. Royal Bank of Canada lifted its holdings in Advance Auto Parts by 107.2% during the 1st quarter. Royal Bank of Canada now owns 79,558 shares of the company’s stock worth $3,119,000 after purchasing an additional 41,157 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Advance Auto Parts by 327.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 362,918 shares of the company’s stock valued at $14,230,000 after acquiring an additional 278,066 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Advance Auto Parts by 14.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 180,979 shares of the company’s stock valued at $7,096,000 after acquiring an additional 23,018 shares in the last quarter. Hsbc Holdings PLC raised its holdings in shares of Advance Auto Parts by 3.1% in the 2nd quarter. Hsbc Holdings PLC now owns 6,306 shares of the company’s stock valued at $293,000 after acquiring an additional 191 shares in the last quarter. Finally, Baird Financial Group Inc. raised its holdings in shares of Advance Auto Parts by 2.7% in the 2nd quarter. Baird Financial Group Inc. now owns 56,782 shares of the company’s stock valued at $2,640,000 after acquiring an additional 1,515 shares in the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Advance Auto Parts Price Performance

Shares of Advance Auto Parts stock opened at $58.35 on Tuesday. The company has a current ratio of 1.78, a quick ratio of 0.85 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $3.52 billion, a PE ratio of 81.04, a price-to-earnings-growth ratio of 0.93 and a beta of 1.05. The business’s 50-day moving average price is $55.45 and its 200-day moving average price is $51.11. Advance Auto Parts, Inc. has a 12 month low of $37.89 and a 12 month high of $70.00.

Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings data on Thursday, May 21st. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.39 by $0.38. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.05 billion. Advance Auto Parts had a return on equity of 8.95% and a net margin of 0.51%.The company’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.40 EPS. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS. Sell-side analysts forecast that Advance Auto Parts, Inc. will post 2.95 EPS for the current fiscal year.

Advance Auto Parts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, July 10th. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. Advance Auto Parts’s dividend payout ratio is 138.89%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on AAP shares. Mizuho raised their price target on Advance Auto Parts from $54.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, May 26th. Roth Mkm reaffirmed a “neutral” rating and issued a $57.00 price target on shares of Advance Auto Parts in a report on Thursday, February 19th. JPMorgan Chase & Co. lowered their price target on Advance Auto Parts from $64.00 to $59.00 and set a “neutral” rating on the stock in a report on Friday, May 15th. Morgan Stanley raised their price target on Advance Auto Parts from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Friday, May 22nd. Finally, TD Cowen reaffirmed a “hold” rating on shares of Advance Auto Parts in a report on Friday, May 22nd. Two equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $58.66.

Advance Auto Parts Company 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.