Trexquant Investment LP Sells 11,949 Shares of Advance Auto Parts, Inc. (NYSE:AAP)

Trexquant Investment LP trimmed its holdings in Advance Auto Parts, Inc. (NYSE:AAPGet Rating) by 71.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,736 shares of the company’s stock after selling 11,949 shares during the quarter. Trexquant Investment LP’s holdings in Advance Auto Parts were worth $820,000 at the end of the most recent quarter.

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

Advance Auto Parts Price Performance

Advance Auto Parts stock 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 business has a 50-day moving average of $170.23 and a 200-day moving average of $180.93. The company has a current ratio of 1.13, a quick ratio of 0.23 and a debt-to-equity ratio of 0.44.

Advance Auto Parts (NYSE:AAPGet Rating) last posted its earnings results on Tuesday, August 23rd. The company reported $3.74 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 during the quarter, compared to analyst estimates of $2.75 billion. During the same period in the previous year, the company earned $3.40 EPS. On average, equities analysts anticipate that Advance Auto Parts, Inc. will post 12.62 EPS for the current year.

Advance Auto Parts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Friday, December 16th will be issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 3.99%. The ex-dividend date is Thursday, December 15th. Advance Auto Parts’s dividend payout ratio (DPR) is presently 77.12%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AAP. 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. Citigroup lowered Advance Auto Parts from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $216.00 to $161.00 in a research report on Thursday, November 17th. Truist Financial lowered Advance Auto Parts from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $228.00 to $147.00 in a research report on Wednesday, November 16th. Wells Fargo & Company lowered their price objective on Advance Auto Parts from $200.00 to $180.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 16th. Finally, Raymond James lowered their price objective on Advance Auto Parts from $210.00 to $200.00 and set a “strong-buy” rating for the company in a research report on Thursday, November 17th. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus 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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