Bridgewater Associates LP Has $7.02 Million Holdings in Advance Auto Parts, Inc. (NYSE:AAP)

Bridgewater Associates LP increased its stake in Advance Auto Parts, Inc. (NYSE:AAPGet Rating) by 10.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,548 shares of the company’s stock after buying an additional 3,796 shares during the quarter. Bridgewater Associates LP owned approximately 0.07% of Advance Auto Parts worth $7,018,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Covestor Ltd boosted its holdings in shares of Advance Auto Parts by 113.7% in the 1st quarter. Covestor Ltd now owns 156 shares of the company’s stock valued at $32,000 after buying an additional 83 shares during the last quarter. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Advance Auto Parts in the 1st quarter valued at approximately $35,000. Ellevest Inc. boosted its holdings in shares of Advance Auto Parts by 161.0% in the 2nd quarter. Ellevest Inc. now owns 201 shares of the company’s stock valued at $35,000 after buying an additional 124 shares during the last quarter. Rosenberg Matthew Hamilton acquired a new stake in Advance Auto Parts during the 2nd quarter valued at $38,000. Finally, Central Bank & Trust Co. lifted its holdings in Advance Auto Parts by 61.6% during the 2nd quarter. Central Bank & Trust Co. now owns 223 shares of the company’s stock valued at $39,000 after purchasing an additional 85 shares during the last quarter. Institutional investors and hedge funds own 99.47% of the company’s stock.

Advance Auto Parts Stock Up 0.7 %

AAP opened at $150.55 on Thursday. Advance Auto Parts, Inc. has a fifty-two week low of $145.59 and a fifty-two week high of $244.55. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.23 and a current ratio of 1.13. The company has a market capitalization of $9.05 billion, a P/E ratio of 19.35, a P/E/G ratio of 0.94 and a beta of 1.27. The stock has a fifty day moving average of $170.23 and a 200-day moving average of $180.93.

Advance Auto Parts (NYSE:AAPGet Rating) last issued its quarterly earnings results on Tuesday, August 23rd. The company reported $3.74 EPS for the quarter, hitting analysts’ consensus estimates of $3.74. Advance Auto Parts had a return on equity of 25.97% and a net margin of 4.30%. The company had revenue of $2.67 billion for the quarter, compared to analysts’ expectations of $2.75 billion. During the same quarter last year, the business earned $3.40 earnings per share. On average, equities analysts expect that Advance Auto Parts, Inc. will post 12.62 EPS for the current year.

Advance Auto Parts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Friday, December 16th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date is Thursday, December 15th. Advance Auto Parts’s payout ratio is currently 77.12%.

Analysts Set New Price Targets

Several brokerages have issued reports on AAP. Raymond James cut their price target on Advance Auto Parts from $210.00 to $200.00 and set a “strong-buy” rating for the company in a report on Thursday, November 17th. Guggenheim downgraded Advance Auto Parts from a “buy” rating to a “neutral” rating in a report on Thursday, November 17th. Stephens cut their price target on Advance Auto Parts from $196.00 to $164.00 and set an “equal weight” rating for the company in a report on Monday. DA Davidson cut their price target on Advance Auto Parts from $200.00 to $170.00 in a report on Thursday, November 17th. Finally, Wedbush cut their price target on Advance Auto Parts from $200.00 to $165.00 and set an “outperform” rating for the company in a report on Wednesday, November 16th. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Advance Auto Parts has an average rating of “Moderate Buy” and an average target price of $193.67.

Advance Auto Parts Company Profile

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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.

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Institutional Ownership by Quarter for Advance Auto Parts (NYSE:AAP)

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