Deutsche Bank AG Acquires New Holdings in Advance Auto Parts, Inc. $AAP

Deutsche Bank AG acquired a new position in Advance Auto Parts, Inc. (NYSE:AAP) in the second quarter, Holdings Channel reports. The fund acquired 62,796 shares of the company’s stock, valued at approximately $3,907,000.

A number of other large investors also recently bought and sold shares of AAP. Price T Rowe Associates Inc. MD boosted its position in Advance Auto Parts by 18.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,474,546 shares of the company’s stock valued at $293,751,000 after acquiring an additional 1,190,094 shares in the last quarter. Pzena Investment Management LLC raised its position in shares of Advance Auto Parts by 8.2% in the 1st quarter. Pzena Investment Management LLC now owns 4,301,089 shares of the company’s stock worth $226,882,000 after acquiring an additional 327,596 shares in the last quarter. Federated Hermes Inc. raised its position in shares of Advance Auto Parts by 4.4% in the 4th quarter. Federated Hermes Inc. now owns 2,811,675 shares of the company’s stock worth $110,499,000 after acquiring an additional 117,648 shares in the last quarter. State Street Corp lifted its stake in shares of Advance Auto Parts by 3.9% during the 4th quarter. State Street Corp now owns 2,499,981 shares of the company’s stock worth $98,249,000 after purchasing an additional 92,861 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Advance Auto Parts by 15.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,127,948 shares of the company’s stock worth $112,243,000 after purchasing an additional 282,591 shares during the last quarter. Institutional investors own 88.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AAP. Evercore set a $65.00 target price on Advance Auto Parts in a research note on Tuesday, August 4th. DA Davidson decreased their price target on shares of Advance Auto Parts from $58.00 to $48.00 and set a “neutral” rating for the company in a research report on Friday, August 21st. TD Cowen lowered their price target on shares of Advance Auto Parts from $61.00 to $45.00 and set a “hold” rating on the stock in a report on Thursday, August 20th. Barclays cut their price objective on shares of Advance Auto Parts from $59.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Friday. Finally, Weiss Ratings upgraded shares of Advance Auto Parts from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. Two equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $50.80.

Advance Auto Parts Stock Up 0.0%

Shares of AAP stock opened at $43.63 on Wednesday. Advance Auto Parts, Inc. has a 1-year low of $37.89 and a 1-year high of $65.21. The stock’s fifty day moving average price is $55.89 and its 200 day moving average price is $55.26. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.75 and a quick ratio of 0.85. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 31.85, a price-to-earnings-growth ratio of 0.71 and a beta of 1.03.

Advance Auto Parts (NYSE:AAP) last announced its earnings results on Thursday, August 20th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.22. Advance Auto Parts had a return on equity of 9.84% and a net margin of 0.97%.The company had revenue of $2 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period in the prior year, the company posted $0.69 EPS. The firm’s quarterly revenue was down .5% compared to the same quarter last year. Advance Auto Parts has set its FY 2026 guidance at 2.600-3.300 EPS. On average, research analysts expect that Advance Auto Parts, Inc. will post 2.95 earnings per share for the current fiscal year.

Advance Auto Parts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Friday, October 9th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, October 9th. This represents a $1.00 annualized dividend and a dividend yield of 2.3%. Advance Auto Parts’s dividend payout ratio is 72.99%.

Advance Auto Parts 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.