Pzena Investment Management LLC Increases Stock Position in Advance Auto Parts, Inc. $AAP

Pzena Investment Management LLC boosted its position in Advance Auto Parts, Inc. (NYSE:AAP) by 8.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,301,089 shares of the company’s stock after acquiring an additional 327,596 shares during the period. Pzena Investment Management LLC owned 0.07% of Advance Auto Parts worth $226,882,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new position in shares of Advance Auto Parts during the third quarter valued at about $31,000. AlphaCore Capital LLC grew its stake in shares of Advance Auto Parts by 53.6% in the fourth quarter. AlphaCore Capital LLC now owns 883 shares of the company’s stock worth $35,000 after purchasing an additional 308 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of Advance Auto Parts by 184.5% in the fourth quarter. Hantz Financial Services Inc. now owns 919 shares of the company’s stock worth $36,000 after purchasing an additional 596 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in Advance Auto Parts by 290.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 925 shares of the company’s stock valued at $43,000 after purchasing an additional 688 shares during the period. Finally, Leonteq Securities AG purchased a new position in Advance Auto Parts during the 4th quarter valued at about $55,000. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Advance Auto Parts Stock Up 1.2%

AAP stock opened at $62.98 on Thursday. Advance Auto Parts, Inc. has a fifty-two week low of $37.89 and a fifty-two week high of $70.00. The company has a market capitalization of $3.80 billion, a price-to-earnings ratio of 87.47, a price-to-earnings-growth ratio of 1.02 and a beta of 1.03. The business’s 50 day moving average price is $57.29 and its two-hundred day moving average price is $52.18. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.85 and a current ratio of 1.78.

Advance Auto Parts (NYSE:AAP) last released its earnings results on Thursday, May 21st. The company reported $0.77 EPS for the quarter, beating 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 return on equity of 8.95% and a net margin of 0.51%.The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.40 EPS. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS. As a group, analysts forecast that Advance Auto Parts, Inc. will post 2.94 earnings per share for the current fiscal year.

Advance Auto Parts Dividend Announcement

The firm also recently announced 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. 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 is currently 138.89%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AAP. BMO Capital Markets increased their price objective on Advance Auto Parts from $60.00 to $65.00 and gave the stock a “market perform” rating in a report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft raised Advance Auto Parts to a “buy” rating in a research note on Friday, May 22nd. Mizuho raised their price target on Advance Auto Parts from $54.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. TD Cowen reiterated a “hold” rating on shares of Advance Auto Parts in a report on Friday, May 22nd. Finally, Morgan Stanley boosted their price objective on shares of Advance Auto Parts from $60.00 to $65.00 and gave the company an “equal weight” rating in a research report on Friday, May 22nd. Two research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $58.66.

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.