Advance Auto Parts Inc (AAP) Stake Decreased by Commerce Bank

Commerce Bank lessened its stake in shares of Advance Auto Parts Inc (NYSE:AAP) by 55.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,939 shares of the company’s stock after selling 7,249 shares during the quarter. Commerce Bank’s holdings in Advance Auto Parts were worth $589,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of AAP. BlackRock Inc. lifted its position in shares of Advance Auto Parts by 25.6% during the 2nd quarter. BlackRock Inc. now owns 5,425,799 shares of the company’s stock worth $632,593,000 after buying an additional 1,105,519 shares during the last quarter. Neuberger Berman Group LLC raised its position in Advance Auto Parts by 6,616.2% in the 2nd quarter. Neuberger Berman Group LLC now owns 903,258 shares of the company’s stock valued at $105,311,000 after purchasing an additional 889,809 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its position in Advance Auto Parts by 279.6% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,147,414 shares of the company’s stock valued at $133,777,000 after purchasing an additional 845,130 shares during the last quarter. Bessemer Group Inc. raised its position in Advance Auto Parts by 193.0% in the 2nd quarter. Bessemer Group Inc. now owns 1,207,206 shares of the company’s stock valued at $140,748,000 after purchasing an additional 795,132 shares during the last quarter. Finally, BT Investment Management Ltd raised its position in Advance Auto Parts by 173.4% in the 3rd quarter. BT Investment Management Ltd now owns 1,022,476 shares of the company’s stock valued at $101,430,000 after purchasing an additional 648,554 shares during the last quarter.

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Several analysts recently commented on the stock. UBS AG reiterated a “buy” rating and issued a $118.00 price target (down previously from $155.00) on shares of Advance Auto Parts in a research report on Wednesday, August 16th. Citigroup Inc. reduced their price target on shares of Advance Auto Parts to $99.00 and set a “neutral” rating for the company in a research report on Wednesday, August 16th. Royal Bank Of Canada reduced their price target on shares of Advance Auto Parts from $125.00 to $102.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 16th. Barclays PLC reissued an “equal weight” rating and issued a $90.00 price objective (down from $93.00) on shares of Advance Auto Parts in a research note on Wednesday, August 16th. Finally, Gabelli reissued a “buy” rating on shares of Advance Auto Parts in a research note on Wednesday, August 16th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $104.89.

Advance Auto Parts Inc (NYSE AAP) traded up $2.16 during trading hours on Tuesday, reaching $91.43. 1,498,300 shares of the company’s stock were exchanged, compared to its average volume of 1,690,989. The stock has a market cap of $6,760.00, a price-to-earnings ratio of 15.91, a price-to-earnings-growth ratio of 1.61 and a beta of 0.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.32 and a current ratio of 1.52. Advance Auto Parts Inc has a 52 week low of $78.81 and a 52 week high of $177.83.

Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings data on Tuesday, November 14th. The company reported $1.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.18. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.21 billion. Advance Auto Parts had a net margin of 3.75% and a return on equity of 13.51%. The company’s revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.73 EPS. equities analysts predict that Advance Auto Parts Inc will post 5.22 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 22nd will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, December 21st. This represents a $0.24 annualized dividend and a dividend yield of 0.26%. Advance Auto Parts’s payout ratio is currently 5.03%.

About Advance Auto Parts

Advance Auto Parts, Inc provides automotive aftermarket parts in North America, serving do-it-for-me (Professional) and do-it-yourself (DIY), customers. 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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Institutional Ownership by Quarter for Advance Auto Parts (NYSE:AAP)

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