Wolverine Asset Management LLC Has $1.43 Million Holdings in Advance Auto Parts, Inc. $AAP

Wolverine Asset Management LLC lifted its holdings in Advance Auto Parts, Inc. (NYSE:AAP) by 32.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,317 shares of the company’s stock after purchasing an additional 8,960 shares during the period. Wolverine Asset Management LLC owned 0.06% of Advance Auto Parts worth $1,427,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Salomon & Ludwin LLC acquired a new stake in shares of Advance Auto Parts in the 3rd quarter valued at $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in Advance Auto Parts in the 3rd quarter worth approximately $31,000. AlphaCore Capital LLC lifted its holdings in Advance Auto Parts by 6,288.9% in the 3rd quarter. AlphaCore Capital LLC now owns 575 shares of the company’s stock worth $35,000 after purchasing an additional 566 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Advance Auto Parts by 198.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 751 shares of the company’s stock worth $46,000 after purchasing an additional 499 shares during the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in Advance Auto Parts in the 3rd quarter worth approximately $52,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AAP. UBS Group restated a “neutral” rating on shares of Advance Auto Parts in a report on Monday, February 9th. Royal Bank Of Canada boosted their target price on Advance Auto Parts from $57.00 to $63.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 17th. Morgan Stanley set a $60.00 target price on Advance Auto Parts in a report on Tuesday, February 17th. BMO Capital Markets boosted their target price on shares of Advance Auto Parts from $55.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 17th. Finally, Citigroup raised shares of Advance Auto Parts from a “hold” rating to a “buy” rating in a research report on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $52.93.

Advance Auto Parts Stock Down 0.8%

Shares of AAP stock opened at $56.92 on Wednesday. Advance Auto Parts, Inc. has a 12 month low of $30.84 and a 12 month high of $70.00. The firm has a market cap of $3.43 billion, a PE ratio of 77.97, a price-to-earnings-growth ratio of 1.00 and a beta of 1.06. The stock has a 50 day moving average of $53.69 and a 200-day moving average of $50.48. The company has a quick ratio of 0.87, a current ratio of 1.75 and a debt-to-equity ratio of 1.55.

Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings results on Friday, February 13th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.45. Advance Auto Parts had a return on equity of 6.23% and a net margin of 0.51%.The company had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period in the previous year, the company earned ($10.16) earnings per share. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.10 EPS. On average, equities analysts predict that Advance Auto Parts, Inc. will post 2.77 EPS for the current year.

Advance Auto Parts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, April 10th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, April 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.8%. Advance Auto Parts’s payout ratio is 136.99%.

About Advance Auto Parts

Advance Auto Parts, Inc (NYSE: AAP) is a leading distributor of automotive aftermarket parts, accessories, and maintenance items. The company operates a network of stores and distribution centers across North America, serving both do-it-yourself (DIY) customers and professional service providers. Advance Auto Parts focuses on offering a comprehensive selection of replacement parts, batteries, engine components, and performance products for cars and light trucks.

The company’s product portfolio includes engine oils and lubricants, cooling system components, brake and suspension parts, filters, belts, hoses, and diagnostic tools.