Beaconlight Capital LLC Sells 124,431 Shares of Advance Auto Parts, Inc. $AAP

Beaconlight Capital LLC lessened its holdings in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 91.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,920 shares of the company’s stock after selling 124,431 shares during the period. Advance Auto Parts accounts for approximately 0.3% of Beaconlight Capital LLC’s holdings, making the stock its 23rd biggest position. Beaconlight Capital LLC’s holdings in Advance Auto Parts were worth $429,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of AAP. Royal Bank of Canada boosted its holdings in shares of Advance Auto Parts by 107.2% during the 1st quarter. Royal Bank of Canada now owns 79,558 shares of the company’s stock valued at $3,119,000 after buying an additional 41,157 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Advance Auto Parts by 327.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 362,918 shares of the company’s stock valued at $14,230,000 after buying an additional 278,066 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Advance Auto Parts by 14.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 180,979 shares of the company’s stock valued at $7,096,000 after buying an additional 23,018 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Advance Auto Parts by 3.1% during the 2nd quarter. Hsbc Holdings PLC now owns 6,306 shares of the company’s stock valued at $293,000 after buying an additional 191 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in shares of Advance Auto Parts by 2.7% during the 2nd quarter. Baird Financial Group Inc. now owns 56,782 shares of the company’s stock valued at $2,640,000 after buying an additional 1,515 shares in the last quarter. Institutional investors own 88.70% of the company’s stock.

Advance Auto Parts Price Performance

AAP opened at $58.15 on Thursday. The stock has a 50-day moving average price of $56.53 and a 200-day moving average price of $51.57. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.78 and a quick ratio of 0.85. The firm has a market cap of $3.51 billion, a PE ratio of 80.76, a P/E/G ratio of 0.99 and a beta of 1.05. Advance Auto Parts, Inc. has a 1 year low of $37.89 and a 1 year high of $70.00.

Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings results on Thursday, May 21st. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.38. The firm had revenue of $2.61 billion during 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 quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.40 EPS. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS. Sell-side analysts predict that Advance Auto Parts, Inc. will post 2.94 earnings per share 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. Stockholders of record on Friday, July 10th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, July 10th. Advance Auto Parts’s payout ratio is currently 138.89%.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Advance Auto Parts to a “buy” rating in a report on Friday, May 22nd. Truist Financial boosted their target price on shares of Advance Auto Parts from $55.00 to $62.00 and gave the company a “hold” rating in a report on Thursday, May 21st. Royal Bank Of Canada boosted their target price on shares of Advance Auto Parts from $62.00 to $65.00 and gave the company a “sector perform” rating in a report on Friday, May 22nd. The Goldman Sachs Group lifted their price target on Advance Auto Parts from $49.00 to $54.00 and gave the stock a “sell” rating in a research report on Friday, May 22nd. Finally, Weiss Ratings raised Advance Auto Parts from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Two research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Advance Auto Parts currently has a consensus rating of “Hold” and a consensus 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.