Toronto Dominion Bank Decreases Holdings in Advance Auto Parts, Inc. (NYSE:AAP)

Toronto Dominion Bank decreased its position in shares of Advance Auto Parts, Inc. (NYSE:AAPGet Rating) by 13.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,362 shares of the company’s stock after selling 5,208 shares during the period. Toronto Dominion Bank’s holdings in Advance Auto Parts were worth $5,601,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Advance Auto Parts by 3.9% during the first quarter. Vanguard Group Inc. now owns 6,970,480 shares of the company’s stock valued at $1,442,611,000 after acquiring an additional 261,715 shares during the last quarter. Clearbridge Investments LLC lifted its position in Advance Auto Parts by 3.6% during the first quarter. Clearbridge Investments LLC now owns 3,313,689 shares of the company’s stock valued at $685,801,000 after acquiring an additional 114,789 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Advance Auto Parts by 22.4% during the second quarter. JPMorgan Chase & Co. now owns 2,636,189 shares of the company’s stock valued at $456,297,000 after acquiring an additional 482,858 shares during the last quarter. American Century Companies Inc. lifted its position in Advance Auto Parts by 16.1% during the first quarter. American Century Companies Inc. now owns 1,676,374 shares of the company’s stock valued at $346,943,000 after acquiring an additional 232,904 shares during the last quarter. Finally, Champlain Investment Partners LLC lifted its position in Advance Auto Parts by 1.2% during the first quarter. Champlain Investment Partners LLC now owns 1,642,607 shares of the company’s stock valued at $339,954,000 after acquiring an additional 19,604 shares during the last quarter. Hedge funds and other institutional investors own 99.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Stephens decreased their price target on shares of 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 decreased their price target on shares of Advance Auto Parts from $200.00 to $170.00 in a report on Thursday, November 17th. Royal Bank of Canada decreased their price target on shares of Advance Auto Parts from $199.00 to $165.00 and set a “sector perform” rating for the company in a report on Thursday, November 17th. UBS Group cut shares of Advance Auto Parts from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $230.00 to $182.00 in a report on Wednesday, November 16th. Finally, Truist Financial cut shares of Advance Auto Parts from a “buy” rating to a “hold” rating and decreased their price target for the stock from $228.00 to $147.00 in a report on Wednesday, November 16th. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $193.67.

Advance Auto Parts Stock Up 0.7 %

NYSE:AAP opened at $150.55 on Thursday. The firm has a market capitalization of $9.05 billion, a P/E ratio of 19.35, a PEG ratio of 0.94 and a beta of 1.27. Advance Auto Parts, Inc. has a 1-year low of $145.59 and a 1-year high of $244.55. The company’s fifty day moving average price is $170.23 and its 200-day moving average price is $180.93. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.13 and a quick ratio of 0.23.

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

Advance Auto Parts Announces Dividend

The company 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 dividend of $1.50 per share. The ex-dividend date of this dividend is Thursday, December 15th. This represents a $6.00 annualized dividend and a yield of 3.99%. Advance Auto Parts’s dividend payout ratio is presently 77.12%.

About Advance Auto Parts

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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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