Advance Auto Parts, Inc. $AAP Stock Holdings Raised by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP lifted its holdings in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 32,142.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 61,906 shares of the company’s stock after acquiring an additional 61,714 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Advance Auto Parts were worth $2,460,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its position in shares of Advance Auto Parts by 9.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,224 shares of the company’s stock valued at $117,000 after purchasing an additional 200 shares in the last quarter. Hsbc Holdings PLC boosted its stake in shares of Advance Auto Parts by 4.7% in the 2nd quarter. Hsbc Holdings PLC now owns 7,879 shares of the company’s stock valued at $490,000 after purchasing an additional 355 shares in the last quarter. Pinnacle Wealth Planning Services Inc. boosted its position in Advance Auto Parts by 27.4% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,701 shares of the company’s stock valued at $66,000 after buying an additional 366 shares during the period. Allworth Financial LP purchased a new stake in Advance Auto Parts during the 2nd quarter valued at about $25,000. Finally, Bfsg LLC grew its holdings in shares of Advance Auto Parts by 12.8% in the third quarter. Bfsg LLC now owns 4,584 shares of the company’s stock worth $178,000 after purchasing an additional 520 shares during the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on AAP. The Goldman Sachs Group set a $49.00 target price on Advance Auto Parts in a research note on Friday, August 21st. Truist Financial set a $43.00 target price on Advance Auto Parts and gave the company a “hold” rating in a report on Thursday, August 20th. Wells Fargo & Company dropped their price target on Advance Auto Parts from $60.00 to $50.00 and set an “equal weight” rating for the company in a research note on Friday, August 21st. Guggenheim reiterated a “neutral” rating on shares of Advance Auto Parts in a report on Friday, August 21st. Finally, Roth Capital set a $48.00 price objective on shares of Advance Auto Parts in a research report on Friday, August 21st. Three analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $47.50.

Advance Auto Parts Stock Down 0.4%

AAP stock opened at $45.77 on Wednesday. Advance Auto Parts, Inc. has a fifty-two week low of $37.89 and a fifty-two week high of $65.20. The business’s 50 day moving average price is $43.44 and its two-hundred day moving average price is $51.73. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 1.63. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 27.91, a price-to-earnings-growth ratio of 0.97 and a beta of 1.02.

Advance Auto Parts (NYSE:AAP) last released its earnings results on Thursday, November 5th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. Advance Auto Parts had a return on equity of 9.41% and a net margin of 1.16%. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter last year, the business posted $0.92 EPS. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. As a group, analysts forecast that Advance Auto Parts, Inc. will post 2.93 earnings per share for the current fiscal year.

Advance Auto Parts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 22nd. Shareholders of record on Friday, January 8th will be issued a $0.25 dividend. The ex-dividend date is Friday, January 8th. This represents a $1.00 dividend on an annualized basis and a yield of 2.2%. Advance Auto Parts’s dividend payout ratio is 60.98%.

Advance Auto Parts Profile

Advance Auto Parts, Inc. is a retailer of automotive aftermarket parts, accessories and maintenance products. Its offerings include replacement parts, batteries, tools, fluids and other supplies for a range of vehicles. The company serves both do-it-yourself customers and professional automotive repair shops through its stores, online channels and network of independent locations. Its retail banners include Advance Auto Parts and Carquest. Advance Auto Parts traces its roots to 1932, when the business began in Roanoke, Virginia.