3,641 Shares in Advance Auto Parts, Inc. (NYSE:AAP) Purchased by OLD National Bancorp IN

OLD National Bancorp IN purchased a new position in shares of Advance Auto Parts, Inc. (NYSE:AAP) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 3,641 shares of the company’s stock, valued at approximately $222,000.

A number of other large investors have also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Advance Auto Parts by 2,226.6% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 2,026,668 shares of the company’s stock worth $113,352,000 after purchasing an additional 1,939,560 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Advance Auto Parts by 7.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,531,146 shares of the company’s stock valued at $85,637,000 after buying an additional 107,540 shares in the last quarter. Pzena Investment Management LLC bought a new stake in Advance Auto Parts during the 3rd quarter valued at about $73,882,000. Jacobs Levy Equity Management Inc. lifted its holdings in Advance Auto Parts by 94.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 931,125 shares of the company’s stock valued at $52,078,000 after buying an additional 452,488 shares in the last quarter. Finally, Federated Hermes Inc. lifted its holdings in Advance Auto Parts by 2,716,800.0% during the 4th quarter. Federated Hermes Inc. now owns 842,239 shares of the company’s stock valued at $51,402,000 after buying an additional 842,208 shares in the last quarter. 88.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on AAP shares. Evercore ISI decreased their price objective on shares of Advance Auto Parts from $82.00 to $78.00 and set an “in-line” rating for the company in a report on Tuesday, April 16th. Barclays lifted their price objective on shares of Advance Auto Parts from $56.00 to $66.00 and gave the company an “equal weight” rating in a report on Thursday, February 29th. Mizuho initiated coverage on shares of Advance Auto Parts in a report on Tuesday, March 19th. They set a “neutral” rating and a $78.00 price objective for the company. JPMorgan Chase & Co. boosted their price target on shares of Advance Auto Parts from $55.00 to $68.00 and gave the company a “neutral” rating in a report on Thursday, February 29th. Finally, Truist Financial boosted their price target on shares of Advance Auto Parts from $60.00 to $70.00 and gave the company a “hold” rating in a report on Tuesday, April 2nd. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $64.56.

Advance Auto Parts Trading Up 0.6 %

NYSE AAP opened at $75.14 on Friday. The company has a quick ratio of 0.29, a current ratio of 1.20 and a debt-to-equity ratio of 0.71. The firm has a market cap of $4.48 billion, a PE ratio of 101.54, a price-to-earnings-growth ratio of 1.39 and a beta of 1.17. The company has a 50 day moving average price of $75.51 and a 200 day moving average price of $64.23. Advance Auto Parts, Inc. has a 52 week low of $47.73 and a 52 week high of $127.31.

Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings data on Wednesday, February 28th. The company reported ($0.59) EPS for the quarter, missing the consensus estimate of $0.24 by ($0.83). The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.47 billion. Advance Auto Parts had a return on equity of 1.68% and a net margin of 0.39%. The company’s revenue was down .4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.88 EPS. As a group, sell-side analysts forecast that Advance Auto Parts, Inc. will post 3.94 EPS for the current fiscal year.

Advance Auto Parts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 12th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.33%. The ex-dividend date was Thursday, April 11th. Advance Auto Parts’s dividend payout ratio is presently 135.14%.

Insiders Place Their Bets

In related news, Director Brent Windom bought 4,700 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were bought at an average price of $85.34 per share, with a total value of $401,098.00. Following the transaction, the director now owns 10,000 shares in the company, valued at $853,400. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Advance Auto Parts news, Director Carla Jean Bailo acquired 310 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were acquired at an average cost of $81.19 per share, with a total value of $25,168.90. Following the acquisition, the director now directly owns 5,789 shares of the company’s stock, valued at $470,008.91. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Brent Windom acquired 4,700 shares of the company’s stock in a transaction dated Wednesday, March 27th. The stock was acquired at an average cost of $85.34 per share, for a total transaction of $401,098.00. Following the completion of the acquisition, the director now directly owns 10,000 shares in the company, valued at $853,400. The disclosure for this purchase can be found here. 0.35% of the stock is owned by insiders.

Advance Auto Parts Profile

Advance Auto Parts, Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company 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.