International Assets Investment Management LLC Acquires Shares of 55,110 Advance Auto Parts, Inc. (NYSE:AAP)

International Assets Investment Management LLC bought a new position in Advance Auto Parts, Inc. (NYSE:AAP) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 55,110 shares of the company’s stock, valued at approximately $3,363,000. International Assets Investment Management LLC owned about 0.09% of Advance Auto Parts at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Covestor Ltd lifted its stake in Advance Auto Parts by 113.7% in the first quarter. Covestor Ltd now owns 156 shares of the company’s stock worth $32,000 after purchasing an additional 83 shares during the last quarter. Clear Street Markets LLC lifted its stake in shares of Advance Auto Parts by 245.9% during the 1st quarter. Clear Street Markets LLC now owns 211 shares of the company’s stock worth $26,000 after acquiring an additional 150 shares during the last quarter. Industrial Alliance Investment Management Inc. boosted its holdings in Advance Auto Parts by 469.4% during the 4th quarter. Industrial Alliance Investment Management Inc. now owns 353 shares of the company’s stock valued at $52,000 after acquiring an additional 291 shares during the period. UniSuper Management Pty Ltd bought a new position in Advance Auto Parts in the 2nd quarter valued at $28,000. Finally, UMB Bank n.a. increased its stake in Advance Auto Parts by 508.3% in the third quarter. UMB Bank n.a. now owns 511 shares of the company’s stock worth $29,000 after purchasing an additional 427 shares during the period. 88.75% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Brent Windom purchased 4,700 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was acquired at an average price of $85.34 per share, with a total value of $401,098.00. Following the completion of the acquisition, the director now owns 10,000 shares in the company, valued at approximately $853,400. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Brent Windom acquired 4,700 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were acquired at an average cost of $85.34 per share, with a total value of $401,098.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $853,400. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Herman L. Word, Jr. sold 1,858 shares of Advance Auto Parts stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $86.08, for a total value of $159,936.64. Following the sale, the executive vice president now directly owns 10,448 shares of the company’s stock, valued at approximately $899,363.84. The disclosure for this sale can be found here. 0.63% of the stock is owned by company insiders.

Advance Auto Parts Price Performance

NYSE AAP opened at $74.05 on Thursday. Advance Auto Parts, Inc. has a 12-month low of $47.73 and a 12-month high of $129.90. The firm’s fifty day simple moving average is $74.00 and its two-hundred day simple moving average is $63.30. The company has a current ratio of 1.20, a quick ratio of 0.29 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $4.41 billion, a P/E ratio of 100.07, a P/E/G ratio of 1.27 and a beta of 1.17.

Advance Auto Parts (NYSE:AAP) last announced its earnings results on Wednesday, February 28th. The company reported ($0.59) earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.83). Advance Auto Parts had a return on equity of 1.68% and a net margin of 0.39%. The business had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same quarter last year, the firm earned $2.88 earnings per share. The firm’s quarterly revenue was down .4% compared to the same quarter last year. Analysts forecast that Advance Auto Parts, Inc. will post 3.94 EPS for the current fiscal year.

Advance Auto Parts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 12th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Thursday, April 11th. Advance Auto Parts’s payout ratio is currently 135.14%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Royal Bank of Canada boosted their target price on shares of Advance Auto Parts from $47.00 to $68.00 and gave the company a “sector perform” rating in a research note on Thursday, February 29th. Truist Financial raised their target price on shares of Advance Auto Parts from $60.00 to $70.00 and gave the stock a “hold” rating in a research report on Tuesday, April 2nd. Mizuho began coverage on Advance Auto Parts in a report on Tuesday, March 19th. They issued a “neutral” rating and a $78.00 price target for the company. TheStreet upgraded Advance Auto Parts from a “d+” rating to a “c-” rating in a report on Monday, January 22nd. Finally, Evercore ISI decreased their target price on Advance Auto Parts from $82.00 to $78.00 and set an “in-line” rating for the company in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Advance Auto Parts currently has an average rating of “Hold” and an average price target of $70.18.

About Advance Auto Parts

Advance Auto Parts, Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories; belts and hoses; brakes and brake pads; chassis and climate control parts; clutches and drive shafts; engines and engine parts; exhaust systems and parts; hub assemblies; ignition components and wires; radiators and cooling parts; starters and alternators; and steering and alignment parts.