Advance Auto Parts, Inc. $AAP Shares Purchased by Gabelli Funds LLC

Gabelli Funds LLC boosted its holdings in Advance Auto Parts, Inc. (NYSE:AAP) by 45.8% in the 1st quarter, HoldingsChannel reports. The fund owned 125,899 shares of the company’s stock after acquiring an additional 39,574 shares during the quarter. Gabelli Funds LLC’s holdings in Advance Auto Parts were worth $6,641,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Advance Auto Parts during the 3rd quarter worth $31,000. AlphaCore Capital LLC increased its holdings in shares of Advance Auto Parts by 53.6% in the 4th quarter. AlphaCore Capital LLC now owns 883 shares of the company’s stock valued at $35,000 after purchasing an additional 308 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in shares of Advance Auto Parts by 184.5% in the 4th quarter. Hantz Financial Services Inc. now owns 919 shares of the company’s stock valued at $36,000 after purchasing an additional 596 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Advance Auto Parts by 290.3% in the second quarter. Smartleaf Asset Management LLC now owns 925 shares of the company’s stock valued at $43,000 after purchasing an additional 688 shares during the period. Finally, Leonteq Securities AG acquired a new stake in shares of Advance Auto Parts in the fourth quarter valued at about $55,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

Advance Auto Parts Price Performance

Shares of NYSE AAP opened at $57.75 on Tuesday. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 80.21, a PEG ratio of 0.92 and a beta of 1.03. Advance Auto Parts, Inc. has a 52 week low of $37.89 and a 52 week high of $65.21. The company’s 50-day moving average price is $57.46 and its 200 day moving average price is $54.02. The company has a current ratio of 1.78, a quick ratio of 0.85 and a debt-to-equity ratio of 1.54.

Advance Auto Parts (NYSE:AAP) last announced its earnings results on Thursday, May 21st. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.38. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Advance Auto Parts had a net margin of 0.51% and a return on equity of 8.95%. During the same quarter in the previous year, the business posted $0.40 earnings per share. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS. As a group, research analysts forecast that Advance Auto Parts, Inc. will post 2.94 earnings per share for the current fiscal year.

Advance Auto Parts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, July 10th. Advance Auto Parts’s dividend payout ratio (DPR) is 138.89%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of Advance Auto Parts from $64.00 to $59.00 and set a “neutral” rating on the stock in a research report on Friday, May 15th. Wells Fargo & Company lifted their price target on shares of Advance Auto Parts from $50.00 to $60.00 and gave the company an “equal weight” rating in a research report on Friday, May 22nd. The Goldman Sachs Group boosted their price target on Advance Auto Parts from $49.00 to $54.00 and gave the stock a “sell” rating in a research note on Friday, May 22nd. TD Cowen restated a “hold” rating on shares of Advance Auto Parts in a report on Friday, May 22nd. Finally, Citigroup raised their price objective on Advance Auto Parts from $57.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, May 22nd. Two analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Advance Auto Parts presently has a consensus rating of “Hold” and an average target price 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.