Mitsubishi UFJ Trust & Banking Corp Has $1.77 Million Holdings in Advance Auto Parts, Inc. $AAP

Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 157.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,821 shares of the company’s stock after acquiring an additional 17,634 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Advance Auto Parts were worth $1,770,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Federated Hermes Inc. lifted its holdings in shares of Advance Auto Parts by 75.7% in the second quarter. Federated Hermes Inc. now owns 2,387,325 shares of the company’s stock valued at $110,987,000 after purchasing an additional 1,028,561 shares in the last quarter. Geode Capital Management LLC raised its position in Advance Auto Parts by 48.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,416,636 shares of the company’s stock valued at $65,867,000 after buying an additional 461,761 shares during the last quarter. Parkwood LLC bought a new stake in Advance Auto Parts in the 2nd quarter valued at approximately $16,922,000. State Street Corp boosted its position in Advance Auto Parts by 13.5% during the 2nd quarter. State Street Corp now owns 2,406,039 shares of the company’s stock worth $111,857,000 after acquiring an additional 286,148 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Advance Auto Parts by 327.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 362,918 shares of the company’s stock worth $14,230,000 after acquiring an additional 278,066 shares during the last quarter. 88.70% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Advance Auto Parts

In other Advance Auto Parts news, EVP Kristen L. Soler sold 7,662 shares of the firm’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $51.00, for a total transaction of $390,762.00. Following the transaction, the executive vice president owned 23,165 shares in the company, valued at $1,181,415. This trade represents a 24.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.35% of the stock is owned by corporate insiders.

Advance Auto Parts Stock Down 0.2%

AAP stock opened at $48.01 on Friday. The business’s fifty day moving average price is $45.26 and its two-hundred day moving average price is $52.83. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of -7.63 and a beta of 1.14. Advance Auto Parts, Inc. has a fifty-two week low of $28.89 and a fifty-two week high of $70.00. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.73 and a quick ratio of 0.88.

Advance Auto Parts (NYSE:AAP) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.18. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.02 billion. Advance Auto Parts had a negative net margin of 4.37% and a positive return on equity of 0.64%. Advance Auto Parts’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period last year, the firm earned ($0.04) earnings per share. On average, equities analysts anticipate that Advance Auto Parts, Inc. will post -0.46 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on AAP. DA Davidson set a $47.00 price objective on shares of Advance Auto Parts in a research report on Monday, January 12th. Morgan Stanley cut their price objective on Advance Auto Parts from $55.00 to $45.00 and set an “equal weight” rating for the company in a report on Thursday, January 15th. Citigroup upgraded shares of Advance Auto Parts from a “hold” rating to a “buy” rating in a research note on Wednesday, January 21st. BMO Capital Markets reissued a “market perform” rating and set a $55.00 target price on shares of Advance Auto Parts in a report on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Advance Auto Parts in a report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Advance Auto Parts has a consensus rating of “Hold” and a consensus target price of $50.08.

Advance Auto Parts Company Profile

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.