GW Henssler & Associates Ltd. decreased its stake in shares of Advance Auto Parts Inc. (NYSE:AAP) by 14.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,597 shares of the company’s stock after selling 2,389 shares during the period. GW Henssler & Associates Ltd.’s holdings in Advance Auto Parts were worth $2,198,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the stock. Landscape Capital Management L.L.C. purchased a new stake in Advance Auto Parts during the first quarter valued at $875,000. ING Groep NV bought a new stake in Advance Auto Parts during the first quarter valued at approximately $269,000. Aviva PLC increased its stake in Advance Auto Parts by 4.8% in the first quarter. Aviva PLC now owns 37,474 shares of the company’s stock valued at $6,009,000 after buying an additional 1,727 shares during the period. Willis Investment Counsel increased its stake in Advance Auto Parts by 1.0% in the first quarter. Willis Investment Counsel now owns 42,960 shares of the company’s stock valued at $6,888,000 after buying an additional 410 shares during the period. Finally, 1832 Asset Management L.P. increased its stake in Advance Auto Parts by 5.9% in the first quarter. 1832 Asset Management L.P. now owns 223,782 shares of the company’s stock valued at $61,445,000 after buying an additional 12,529 shares during the period. Institutional investors own 98.49% of the company’s stock.
Advance Auto Parts Inc. (NYSE:AAP) traded down 2.30% during mid-day trading on Monday, hitting $143.27. The company had a trading volume of 804,436 shares. Advance Auto Parts Inc. has a 12 month low of $131.59 and a 12 month high of $201.24. The firm has a market capitalization of $10.54 billion, a P/E ratio of 23.14 and a beta of 1.02. The company has a 50-day moving average price of $151.21 and a 200 day moving average price of $156.52.
Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings data on Tuesday, August 16th. The company reported $1.90 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.12 by $0.22. The business earned $2.26 billion during the quarter, compared to analyst estimates of $2.24 billion. Advance Auto Parts had a return on equity of 21.90% and a net margin of 4.80%. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.27 EPS. Equities analysts forecast that Advance Auto Parts Inc. will post $7.43 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 7th. Shareholders of record on Friday, September 23rd were given a dividend of $0.06 per share. The ex-dividend date was Wednesday, September 21st. This represents a $0.24 dividend on an annualized basis and a yield of 0.17%. Advance Auto Parts’s dividend payout ratio is currently 3.88%.
Several equities research analysts have commented on AAP shares. Argus reissued a “buy” rating and issued a $185.00 target price (down from $200.00) on shares of Advance Auto Parts in a report on Tuesday, June 21st. Vetr raised Advance Auto Parts from a “sell” rating to a “hold” rating and set a $150.50 target price on the stock in a report on Wednesday, June 22nd. Deutsche Bank AG reissued a “buy” rating on shares of Advance Auto Parts in a report on Sunday, July 10th. Wedbush reissued an “outperform” rating and issued a $175.00 target price (up from $160.00) on shares of Advance Auto Parts in a report on Wednesday, August 17th. Finally, Citigroup Inc. boosted their target price on Advance Auto Parts from $145.00 to $162.00 and gave the stock a “neutral” rating in a report on Wednesday, August 17th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $170.08.
In other news, EVP Charles E. Tyson purchased 633 shares of the stock in a transaction on Monday, August 29th. The stock was bought at an average price of $157.75 per share, with a total value of $99,855.75. Following the transaction, the executive vice president now owns 18,397 shares in the company, valued at approximately $2,902,126.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Francis Ferraro purchased 500 shares of the stock in a transaction on Monday, August 22nd. The shares were purchased at an average cost of $160.28 per share, with a total value of $80,140.00. Following the transaction, the director now owns 2,941 shares in the company, valued at approximately $471,383.48. The disclosure for this purchase can be found here. Company insiders own 4.50% of the company’s stock.
About Advance Auto Parts
Advance Auto Parts, Inc provides automotive aftermarket parts in North America, serving do-it-for-me (commercial) and do-it-yourself (DIY), customers, as well as independently owned operators. The Company’s stores and branches offer a selection of brand name, original equipment manufacturer (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks.
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