6,339 Shares in Advance Auto Parts, Inc. (AAP) Purchased by L & S Advisors Inc

L & S Advisors Inc acquired a new position in Advance Auto Parts, Inc. (NYSE:AAP) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,339 shares of the company’s stock, valued at approximately $998,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Diversified Trust Co increased its stake in shares of Advance Auto Parts by 4.1% in the fourth quarter. Diversified Trust Co now owns 1,539 shares of the company’s stock worth $242,000 after buying an additional 60 shares during the period. CIBC Asset Management Inc increased its stake in shares of Advance Auto Parts by 0.9% in the fourth quarter. CIBC Asset Management Inc now owns 8,487 shares of the company’s stock worth $1,336,000 after buying an additional 75 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Advance Auto Parts by 38.2% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 329 shares of the company’s stock worth $52,000 after buying an additional 91 shares during the period. Advisor Partners LLC increased its stake in shares of Advance Auto Parts by 3.8% in the fourth quarter. Advisor Partners LLC now owns 2,535 shares of the company’s stock worth $399,000 after buying an additional 92 shares during the period. Finally, Gateway Investment Advisers LLC increased its stake in shares of Advance Auto Parts by 2.2% in the fourth quarter. Gateway Investment Advisers LLC now owns 4,445 shares of the company’s stock worth $700,000 after buying an additional 94 shares during the period. Hedge funds and other institutional investors own 97.02% of the company’s stock.

Advance Auto Parts stock traded down $2.20 during mid-day trading on Friday, reaching $151.80. 12,360 shares of the company traded hands, compared to its average volume of 1,303,554. The company has a current ratio of 1.57, a quick ratio of 0.44 and a debt-to-equity ratio of 0.29. The company has a market cap of $11.10 billion, a P/E ratio of 21.37, a PEG ratio of 1.48 and a beta of 1.00. Advance Auto Parts, Inc. has a 52-week low of $102.15 and a 52-week high of $186.15.

Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings data on Tuesday, February 19th. The company reported $1.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.03. The business had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.10 billion. Advance Auto Parts had a net margin of 4.42% and a return on equity of 14.64%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.77 EPS. Analysts predict that Advance Auto Parts, Inc. will post 8.12 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Friday, March 22nd will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date is Thursday, March 21st. Advance Auto Parts’s payout ratio is currently 3.37%.

AAP has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Advance Auto Parts from a “buy” rating to a “hold” rating in a research note on Friday, November 16th. Barclays raised shares of Advance Auto Parts from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $170.00 to $205.00 in a research note on Monday, January 7th. Finally, Bank of America raised shares of Advance Auto Parts from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 9th. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $187.76.

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Advance Auto Parts Profile

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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