Natixis Advisors L.P. Has $1.32 Million Stake in Advance Auto Parts, Inc. (NYSE:AAP)

Natixis Advisors L.P. boosted its holdings in shares of Advance Auto Parts, Inc. (NYSE:AAPFree Report) by 60.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,681 shares of the company’s stock after buying an additional 8,189 shares during the quarter. Natixis Advisors L.P.’s holdings in Advance Auto Parts were worth $1,323,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AAP. Allworth Financial LP increased its position in Advance Auto Parts by 190.0% during the fourth quarter. Allworth Financial LP now owns 406 shares of the company’s stock worth $25,000 after buying an additional 266 shares during the last quarter. Larson Financial Group LLC boosted its holdings in Advance Auto Parts by 264.6% during the third quarter. Larson Financial Group LLC now owns 689 shares of the company’s stock valued at $39,000 after acquiring an additional 500 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Advance Auto Parts by 594.2% in the third quarter. EverSource Wealth Advisors LLC now owns 840 shares of the company’s stock valued at $47,000 after buying an additional 719 shares during the period. GAMMA Investing LLC acquired a new position in Advance Auto Parts in the fourth quarter worth about $63,000. Finally, Signaturefd LLC raised its position in Advance Auto Parts by 20.0% in the third quarter. Signaturefd LLC now owns 1,677 shares of the company’s stock worth $94,000 after purchasing an additional 279 shares in the last quarter. 88.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Mizuho assumed coverage on shares of Advance Auto Parts in a report on Tuesday, March 19th. They issued a “neutral” rating and a $78.00 price target for the company. Evercore ISI lowered their price target on shares of Advance Auto Parts from $82.00 to $78.00 and set an “in-line” rating for the company in a report on Tuesday, April 16th. Royal Bank of Canada raised their price target on shares of Advance Auto Parts from $47.00 to $68.00 and gave the company a “sector perform” rating in a report on Thursday, February 29th. StockNews.com lowered shares of Advance Auto Parts from a “hold” rating to a “sell” rating in a report on Monday. Finally, Barclays raised their price target on shares of Advance Auto Parts from $56.00 to $66.00 and gave the company an “equal weight” rating in a report on Thursday, February 29th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $64.56.

View Our Latest Stock Report on Advance Auto Parts

Insider Buying and Selling at Advance Auto Parts

In other Advance Auto Parts news, Director Brent Windom purchased 4,700 shares of the stock in a transaction on Wednesday, March 27th. The shares were purchased at an average cost of $85.34 per share, for a total transaction of $401,098.00. Following the purchase, the director now owns 10,000 shares of the company’s stock, valued at $853,400. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Advance Auto Parts news, Director Brent Windom purchased 4,700 shares of the stock in a transaction on Wednesday, March 27th. The shares were purchased at an average cost of $85.34 per share, for a total transaction of $401,098.00. Following the purchase, the director now owns 10,000 shares of the company’s stock, valued at $853,400. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Carla Jean Bailo acquired 310 shares of the stock in a transaction dated Monday, March 18th. The shares were purchased at an average price of $81.19 per share, for a total transaction of $25,168.90. Following the completion of the purchase, the director now directly owns 5,789 shares in the company, valued at $470,008.91. The disclosure for this purchase can be found here. Company insiders own 0.35% of the company’s stock.

Advance Auto Parts Trading Up 0.2 %

AAP opened at $75.82 on Thursday. The stock has a market capitalization of $4.52 billion, a P/E ratio of 102.46, a P/E/G ratio of 1.37 and a beta of 1.20. Advance Auto Parts, Inc. has a 12 month low of $47.73 and a 12 month high of $122.73. The firm’s fifty day simple moving average is $78.15 and its 200 day simple moving average is $66.65. The company has a current ratio of 1.20, a quick ratio of 0.29 and a debt-to-equity ratio of 0.71.

Advance Auto Parts (NYSE:AAPGet Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The company reported ($0.59) EPS for the quarter, missing the consensus estimate of $0.24 by ($0.83). Advance Auto Parts had a net margin of 0.39% and a return on equity of 1.68%. The company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same period in the prior year, the firm posted $2.88 earnings per share. The company’s revenue was down .4% compared to the same quarter last year. As a group, research analysts anticipate that Advance Auto Parts, Inc. will post 3.94 EPS for the current fiscal year.

Advance Auto Parts Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Advance Auto Parts (NYSE:AAP)

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