Pursue Wealth Partners LLC Invests $1.46 Million in Advance Auto Parts, Inc. $AAP

Pursue Wealth Partners LLC acquired a new position in shares of Advance Auto Parts, Inc. (NYSE:AAP) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 23,501 shares of the company’s stock, valued at approximately $1,462,000.

A number of other institutional investors have also recently bought and sold shares of AAP. Hsbc Holdings PLC lifted 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 during the last quarter. PNC Financial Services Group Inc. raised its position in Advance Auto Parts by 9.9% during the first quarter. PNC Financial Services Group Inc. now owns 2,224 shares of the company’s stock valued at $117,000 after acquiring an additional 200 shares in the last quarter. AlphaCore Capital LLC raised its position in Advance Auto Parts by 53.6% during the fourth quarter. AlphaCore Capital LLC now owns 883 shares of the company’s stock valued at $35,000 after acquiring an additional 308 shares in the last quarter. ProShare Advisors LLC lifted its stake in Advance Auto Parts by 3.2% in the fourth quarter. ProShare Advisors LLC now owns 11,673 shares of the company’s stock valued at $459,000 after acquiring an additional 362 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in Advance Auto Parts by 1.2% in the fourth quarter. State of Alaska Department of Revenue now owns 30,554 shares of the company’s stock valued at $1,200,000 after acquiring an additional 371 shares during the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Citigroup dropped their price target on shares of Advance Auto Parts from $60.00 to $57.00 and set a “neutral” rating on the stock in a research note on Thursday. BMO Capital Markets lifted their price objective on shares of Advance Auto Parts from $60.00 to $65.00 and gave the company a “market perform” rating in a research note on Friday, May 22nd. Deutsche Bank Aktiengesellschaft upgraded shares of Advance Auto Parts to a “buy” rating in a report on Friday, May 22nd. JPMorgan Chase & Co. cut their target price on Advance Auto Parts from $64.00 to $59.00 and set a “neutral” rating on the stock in a report on Friday, May 15th. Finally, Evercore set a $65.00 price target on Advance Auto Parts in a research report on Tuesday, August 4th. Two investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Advance Auto Parts presently has a consensus rating of “Hold” and a consensus target price of $58.91.

Advance Auto Parts Stock Up 0.5%

AAP stock opened at $56.85 on Tuesday. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of 78.96, a price-to-earnings-growth ratio of 0.93 and a beta of 1.03. The company has a 50-day moving average of $57.42 and a two-hundred day moving average of $55.36. Advance Auto Parts, Inc. has a 52-week low of $37.89 and a 52-week high of $65.21. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.78 and a quick ratio of 0.85.

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

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.