SG Americas Securities LLC Sells 18,473 Shares of Advance Auto Parts, Inc. $AAP

SG Americas Securities LLC lowered its stake in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 46.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,238 shares of the company’s stock after selling 18,473 shares during the quarter. SG Americas Securities LLC’s holdings in Advance Auto Parts were worth $1,120,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AAP. CSM Advisors LLC lifted its position in shares of Advance Auto Parts by 71.6% during the third quarter. CSM Advisors LLC now owns 89,867 shares of the company’s stock valued at $5,517,000 after buying an additional 37,486 shares during the last quarter. Fluent Financial LLC bought a new stake in shares of Advance Auto Parts in the 4th quarter valued at about $6,228,000. Royce & Associates LP grew its position in shares of Advance Auto Parts by 30.5% in the 4th quarter. Royce & Associates LP now owns 1,478,633 shares of the company’s stock worth $58,110,000 after buying an additional 345,217 shares during the last quarter. Private Management Group Inc. purchased a new position in shares of Advance Auto Parts in the 4th quarter worth approximately $20,123,000. Finally, Palumbo Wealth Management LLC bought a new position in shares of Advance Auto Parts during the 4th quarter worth approximately $1,577,000. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Advance Auto Parts Stock Performance

AAP opened at $61.46 on Friday. The company has a market cap of $3.71 billion, a P/E ratio of 85.37, a price-to-earnings-growth ratio of 1.01 and a beta of 1.03. The company has a quick ratio of 0.85, a current ratio of 1.78 and a debt-to-equity ratio of 1.54. The firm’s 50-day moving average price is $57.39 and its 200-day moving average price is $52.35. Advance Auto Parts, Inc. has a 52-week low of $37.89 and a 52-week high of $70.00.

Advance Auto Parts (NYSE:AAP) last released its earnings results on Thursday, May 21st. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.38. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Advance Auto Parts had a net margin of 0.51% and a return on equity of 8.95%. Advance Auto Parts’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the business earned $0.40 EPS. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS. As a group, equities analysts anticipate that Advance Auto Parts, Inc. will post 2.94 EPS for the current fiscal year.

Advance Auto Parts Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts recently commented on AAP shares. JPMorgan Chase & Co. decreased their target price on shares of Advance Auto Parts from $64.00 to $59.00 and set a “neutral” rating for the company in a research report on Friday, May 15th. Weiss Ratings raised shares of Advance Auto Parts from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, May 29th. UBS Group upped their price target on Advance Auto Parts from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, May 22nd. Citigroup increased their price objective on Advance Auto Parts from $57.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, May 22nd. Finally, Morgan Stanley raised their price objective on Advance Auto Parts from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Friday, May 22nd. Two analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Advance Auto Parts currently has a consensus rating of “Hold” and an average target price of $58.66.

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.