Private Management Group Inc. Buys New Position in Advance Auto Parts, Inc. $AAP

Private Management Group Inc. bought a new stake in shares of Advance Auto Parts, Inc. (NYSE:AAP) during the 4th quarter, Holdings Channel reports. The institutional investor bought 512,024 shares of the company’s stock, valued at approximately $20,123,000.

Other hedge funds also recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund increased its holdings in shares of Advance Auto Parts by 6.5% in the fourth quarter. Illinois Municipal Retirement Fund now owns 34,401 shares of the company’s stock valued at $1,352,000 after purchasing an additional 2,114 shares during the period. Deutsche Bank AG increased its holdings in shares of Advance Auto Parts by 4.0% in the fourth quarter. Deutsche Bank AG now owns 47,086 shares of the company’s stock valued at $1,850,000 after purchasing an additional 1,811 shares during the period. Fox Run Management L.L.C. increased its holdings in shares of Advance Auto Parts by 43.9% in the fourth quarter. Fox Run Management L.L.C. now owns 22,209 shares of the company’s stock valued at $873,000 after purchasing an additional 6,771 shares during the period. LPL Financial LLC increased its holdings in shares of Advance Auto Parts by 2.0% in the fourth quarter. LPL Financial LLC now owns 19,410 shares of the company’s stock valued at $763,000 after purchasing an additional 380 shares during the period. Finally, Franklin Resources Inc. increased its holdings in shares of Advance Auto Parts by 18.0% in the fourth quarter. Franklin Resources Inc. now owns 48,430 shares of the company’s stock valued at $1,903,000 after purchasing an additional 7,405 shares during the period. 88.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on AAP shares. Morgan Stanley increased their price objective on Advance Auto Parts from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Friday, May 22nd. TD Cowen reissued a “hold” rating on shares of Advance Auto Parts in a report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft raised Advance Auto Parts to a “buy” rating in a report on Friday, May 22nd. Truist Financial increased their price objective on Advance Auto Parts from $55.00 to $62.00 and gave the company a “hold” rating in a report on Thursday, May 21st. Finally, DA Davidson set a $58.00 price objective on Advance Auto Parts in a report on Tuesday, February 17th. Two analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $58.66.

Advance Auto Parts Stock Up 2.3%

Advance Auto Parts stock opened at $60.74 on Friday. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of 84.36, a price-to-earnings-growth ratio of 0.97 and a beta of 1.05. Advance Auto Parts, Inc. has a 52 week low of $37.89 and a 52 week high of $70.00. The business’s 50-day moving average price is $55.94 and its 200 day moving average price is $51.32. The company has a quick ratio of 0.85, a current ratio of 1.78 and a debt-to-equity ratio of 1.54.

Advance Auto Parts (NYSE:AAP) last posted its earnings results on Thursday, May 21st. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.39 by $0.38. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.05 billion. Advance Auto Parts had a return on equity of 8.95% and a net margin of 0.51%.Advance Auto Parts’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $0.40 earnings per share. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS. As a group, sell-side analysts anticipate that Advance Auto Parts, Inc. will post 2.95 earnings per share for the current year.

Advance Auto Parts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, July 10th. Advance Auto Parts’s dividend payout ratio (DPR) is 138.89%.

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.