Advance Auto Parts, Inc. (NYSE:AAP) Shares Bought by AMG National Trust Bank

AMG National Trust Bank boosted its holdings in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 3.4% in the 4th quarter, Holdings Channel reports. The firm owned 31,575 shares of the company’s stock after buying an additional 1,049 shares during the period. AMG National Trust Bank’s holdings in Advance Auto Parts were worth $1,454,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Edgestream Partners L.P. acquired a new stake in shares of Advance Auto Parts during the 4th quarter valued at $5,116,000. Inceptionr LLC purchased a new stake in shares of Advance Auto Parts during the fourth quarter valued at $309,000. Raymond James Financial Inc. acquired a new position in shares of Advance Auto Parts in the 4th quarter valued at $8,822,000. Vision Financial Markets LLC acquired a new position in shares of Advance Auto Parts in the 4th quarter valued at $42,000. Finally, M&T Bank Corp increased its stake in Advance Auto Parts by 90.0% in the 4th quarter. M&T Bank Corp now owns 10,431 shares of the company’s stock worth $493,000 after purchasing an additional 4,942 shares in the last quarter. 88.75% of the stock is currently owned by institutional investors.

Advance Auto Parts Price Performance

Shares of AAP opened at $35.45 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.62 and a current ratio of 1.34. The firm has a market cap of $2.12 billion, a PE ratio of 48.56, a PEG ratio of 1.98 and a beta of 1.27. Advance Auto Parts, Inc. has a twelve month low of $33.08 and a twelve month high of $88.56. The firm’s 50 day moving average price is $45.14 and its 200 day moving average price is $42.99.

Advance Auto Parts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Friday, April 11th. Advance Auto Parts’s payout ratio is presently -17.86%.

Analyst Ratings Changes

A number of analysts have commented on AAP shares. Citigroup reduced their price objective on shares of Advance Auto Parts from $47.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday, February 27th. Truist Financial decreased their price objective on shares of Advance Auto Parts from $39.00 to $34.00 and set a “hold” rating for the company in a research note on Thursday, February 27th. Wedbush reiterated an “outperform” rating and set a $55.00 price objective on shares of Advance Auto Parts in a research report on Monday, March 3rd. UBS Group increased their target price on Advance Auto Parts from $42.00 to $44.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Finally, Wells Fargo & Company lifted their price target on Advance Auto Parts from $40.00 to $45.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Advance Auto Parts currently has a consensus rating of “Hold” and a consensus price target of $46.69.

About Advance Auto Parts

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.