Vanguard Personalized Indexing Management LLC Increases Position in Advance Auto Parts, Inc. (NYSE:AAP)

Vanguard Personalized Indexing Management LLC grew its holdings in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 19.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,741 shares of the company’s stock after buying an additional 1,086 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Advance Auto Parts were worth $411,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of AAP. Principal Financial Group Inc. lifted its position in shares of Advance Auto Parts by 363.2% during the third quarter. Principal Financial Group Inc. now owns 316,158 shares of the company’s stock worth $17,683,000 after purchasing an additional 247,909 shares during the last quarter. Larson Financial Group LLC lifted its holdings in Advance Auto Parts by 264.6% during the 3rd quarter. Larson Financial Group LLC now owns 689 shares of the company’s stock valued at $39,000 after buying an additional 500 shares in the last quarter. Signaturefd LLC boosted its position in Advance Auto Parts by 20.0% in the 3rd quarter. Signaturefd LLC now owns 1,677 shares of the company’s stock valued at $94,000 after buying an additional 279 shares during the period. EverSource Wealth Advisors LLC grew its stake in Advance Auto Parts by 594.2% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 840 shares of the company’s stock worth $47,000 after acquiring an additional 719 shares in the last quarter. Finally, Versor Investments LP bought a new stake in shares of Advance Auto Parts during the third quarter valued at approximately $748,000. 88.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on AAP. Evercore ISI dropped their price objective on Advance Auto Parts from $82.00 to $78.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 16th. JPMorgan Chase & Co. raised their price target on Advance Auto Parts from $55.00 to $68.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. Mizuho initiated coverage on shares of Advance Auto Parts in a research note on Tuesday, March 19th. They issued a “neutral” rating and a $78.00 price objective for the company. Barclays raised their target price on shares of Advance Auto Parts from $56.00 to $66.00 and gave the company an “equal weight” rating in a research report on Thursday, February 29th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $70.00 price target on shares of Advance Auto Parts in a research report on Friday. Three analysts have rated the stock with a sell rating and sixteen have assigned a hold rating to the stock. According to data from MarketBeat.com, Advance Auto Parts currently has an average rating of “Hold” and a consensus target price of $65.19.

Advance Auto Parts Price Performance

Shares of NYSE AAP opened at $69.57 on Friday. Advance Auto Parts, Inc. has a fifty-two week low of $47.73 and a fifty-two week high of $114.57. The company has a market cap of $4.15 billion, a PE ratio of 94.01, a P/E/G ratio of 1.26 and a beta of 1.20. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.29 and a current ratio of 1.20. The business has a 50-day simple moving average of $77.32 and a two-hundred day simple moving average of $67.43.

Advance Auto Parts (NYSE:AAP) last released its earnings results on Wednesday, February 28th. The company reported ($0.59) EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.83). Advance Auto Parts had a return on equity of 1.68% and a net margin of 0.39%. The company had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same quarter last year, the business earned $2.88 earnings per share. The firm’s revenue for the quarter was down .4% on a year-over-year basis. As a group, equities analysts expect that Advance Auto Parts, Inc. will post 3.94 EPS for the current fiscal year.

Insider Activity at Advance Auto Parts

In other Advance Auto Parts news, EVP Herman L. Word, Jr. sold 1,858 shares of Advance Auto Parts stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $86.08, for a total transaction of $159,936.64. Following the completion of the sale, the executive vice president now owns 10,448 shares of the company’s stock, valued at approximately $899,363.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Herman L. Word, Jr. sold 1,858 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $86.08, for a total value of $159,936.64. Following the transaction, the executive vice president now owns 10,448 shares in the company, valued at approximately $899,363.84. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Brent Windom acquired 4,700 shares of the firm’s stock in a transaction on Wednesday, March 27th. The shares were acquired at an average price of $85.34 per share, with a total value of $401,098.00. Following the completion of the purchase, the director now owns 10,000 shares in the company, valued at approximately $853,400. The disclosure for this purchase can be found here. 0.35% of the stock is owned by insiders.

Advance Auto Parts Profile

Advance Auto Parts, Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories; belts and hoses; brakes and brake pads; chassis and climate control parts; clutches and drive shafts; engines and engine parts; exhaust systems and parts; hub assemblies; ignition components and wires; radiators and cooling parts; starters and alternators; and steering and alignment parts.