Bayforest Capital Ltd Grows Stock Holdings in Advance Auto Parts, Inc. $AAP

Bayforest Capital Ltd lifted its position in Advance Auto Parts, Inc. (NYSE:AAP) by 1,826.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,866 shares of the company’s stock after purchasing an additional 10,302 shares during the quarter. Bayforest Capital Ltd’s holdings in Advance Auto Parts were worth $505,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. AMG National Trust Bank grew its position in Advance Auto Parts by 38.1% during the first quarter. AMG National Trust Bank now owns 43,615 shares of the company’s stock valued at $1,710,000 after acquiring an additional 12,040 shares during the last quarter. Gainplan LLC bought a new position in shares of Advance Auto Parts during the 2nd quarter valued at $700,000. Raymond James Financial Inc. raised its position in Advance Auto Parts by 13.0% in the 1st quarter. Raymond James Financial Inc. now owns 210,886 shares of the company’s stock worth $8,269,000 after purchasing an additional 24,342 shares during the period. Pzena Investment Management LLC raised its position in Advance Auto Parts by 1.9% in the 2nd quarter. Pzena Investment Management LLC now owns 4,394,964 shares of the company’s stock worth $204,322,000 after purchasing an additional 82,456 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Advance Auto Parts by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,741,701 shares of the company’s stock worth $107,500,000 after purchasing an additional 13,412 shares during the last quarter. 88.70% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Advance Auto Parts in a research note on Wednesday, October 8th. Morgan Stanley raised their price target on Advance Auto Parts from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Friday, September 12th. UBS Group set a $65.00 price target on Advance Auto Parts and gave the stock a “neutral” rating in a research note on Tuesday, August 12th. The Goldman Sachs Group lowered Advance Auto Parts from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $48.00 to $46.00 in a research note on Tuesday, June 24th. Finally, Evercore ISI lifted their target price on shares of Advance Auto Parts from $56.00 to $58.00 and gave the stock an “in-line” rating in a research note on Tuesday, August 12th. One analyst has rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $52.03.

Advance Auto Parts Price Performance

AAP opened at $54.92 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.49 and a current ratio of 1.27. The stock has a market capitalization of $3.29 billion, a PE ratio of -8.62 and a beta of 1.08. The stock’s 50 day moving average price is $59.15 and its 200-day moving average price is $49.82. Advance Auto Parts, Inc. has a 52-week low of $28.89 and a 52-week high of $70.00.

Advance Auto Parts (NYSE:AAP) last released its quarterly earnings results on Thursday, July 24th. The company reported ($0.22) earnings per share for the quarter. Advance Auto Parts had a negative net margin of 4.37% and a negative return on equity of 1.97%. The company had revenue of $2.58 billion during the quarter. Advance Auto Parts has set its Q2 2025 guidance at EPS. On average, equities research analysts predict that Advance Auto Parts, Inc. will post -0.46 EPS for the current year.

Advance Auto Parts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 10th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, October 10th. Advance Auto Parts’s payout ratio is presently -15.70%.

Advance Auto Parts Company 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.