Public Employees Retirement System of Ohio cut its position in Advance Auto Parts, Inc. (NYSE:AAP) by 7.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,117 shares of the company’s stock after selling 1,809 shares during the period. Public Employees Retirement System of Ohio’s holdings in Advance Auto Parts were worth $3,717,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in shares of Advance Auto Parts by 125.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,721,715 shares of the company’s stock valued at $412,910,000 after buying an additional 1,512,581 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in shares of Advance Auto Parts by 228.9% in the 1st quarter. Clearbridge Investments LLC now owns 1,398,815 shares of the company’s stock valued at $238,540,000 after buying an additional 973,543 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Advance Auto Parts by 26.7% in the 1st quarter. American Century Companies Inc. now owns 1,454,058 shares of the company’s stock valued at $247,961,000 after buying an additional 306,824 shares in the last quarter. Diamond Hill Capital Management Inc. acquired a new position in shares of Advance Auto Parts in the 2nd quarter valued at $42,790,000. Finally, Westfield Capital Management Co. LP acquired a new position in shares of Advance Auto Parts in the 1st quarter valued at $41,903,000. 98.96% of the stock is currently owned by institutional investors.
Several research analysts have recently issued reports on the stock. ValuEngine cut shares of Advance Auto Parts from a “buy” rating to a “hold” rating in a report on Tuesday, June 11th. UBS Group decreased their price target on shares of Advance Auto Parts from $205.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. Evercore ISI reiterated a “buy” rating on shares of Advance Auto Parts in a research note on Tuesday, August 13th. Guggenheim cut shares of Advance Auto Parts from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 14th. Finally, Goldman Sachs Group assumed coverage on shares of Advance Auto Parts in a research note on Thursday, July 11th. They set a “sell” rating and a $151.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $185.38.
Shares of AAP stock traded up $1.80 during mid-day trading on Friday, hitting $157.00. The stock had a trading volume of 984,634 shares, compared to its average volume of 1,064,453. Advance Auto Parts, Inc. has a fifty-two week low of $130.09 and a fifty-two week high of $186.15. The firm has a market cap of $11.08 billion, a PE ratio of 20.64, a PEG ratio of 1.69 and a beta of 0.85. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.36 and a quick ratio of 0.36. The company’s 50-day simple moving average is $143.29 and its 200-day simple moving average is $156.87.
Advance Auto Parts (NYSE:AAP) last released its earnings results on Tuesday, August 13th. The company reported $2.00 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.22 by ($0.22). Advance Auto Parts had a return on equity of 15.16% and a net margin of 4.52%. The firm had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same quarter last year, the business posted $1.97 EPS. The firm’s revenue was up .2% on a year-over-year basis. On average, analysts expect that Advance Auto Parts, Inc. will post 7.96 EPS for the current year.
The company also recently announced a dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be paid a $0.06 dividend. The ex-dividend date is Thursday, September 19th. Advance Auto Parts’s dividend payout ratio (DPR) is presently 3.37%.
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.
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