Heartland Bank & Trust Co purchased a new position in shares of Advance Auto Parts, Inc. (NYSE:AAP – Get Rating) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,221 shares of the company’s stock, valued at approximately $253,000.
Other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in shares of Advance Auto Parts by 1.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 525,040 shares of the company’s stock worth $109,676,000 after buying an additional 4,942 shares in the last quarter. OPSEU Pension Plan Trust Fund boosted its holdings in shares of Advance Auto Parts by 23.2% during the 4th quarter. OPSEU Pension Plan Trust Fund now owns 5,253 shares of the company’s stock worth $1,254,000 after buying an additional 990 shares in the last quarter. Donald L. Hagan LLC bought a new position in shares of Advance Auto Parts during the 4th quarter worth approximately $802,000. CWM LLC bought a new position in shares of Advance Auto Parts during the 4th quarter worth approximately $3,736,000. Finally, Point72 Hong Kong Ltd bought a new position in shares of Advance Auto Parts in the 4th quarter worth $1,260,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.
AAP has been the topic of a number of recent research reports. Citigroup cut their target price on Advance Auto Parts from $294.00 to $250.00 in a report on Friday, May 13th. Truist Financial cut their target price on Advance Auto Parts from $276.00 to $238.00 and set a “buy” rating on the stock in a report on Wednesday, May 25th. Stephens cut their target price on Advance Auto Parts from $246.00 to $215.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 25th. UBS Group cut their target price on Advance Auto Parts to $250.00 in a report on Wednesday, May 25th. Finally, Royal Bank of Canada lowered their price target on Advance Auto Parts from $247.00 to $217.00 in a research report on Wednesday, May 25th. Six analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Advance Auto Parts has an average rating of “Moderate Buy” and a consensus price target of $244.94.
Advance Auto Parts (NYSE:AAP – Get Rating) last announced its earnings results on Monday, May 23rd. The company reported $3.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.59 by ($0.02). Advance Auto Parts had a net margin of 5.16% and a return on equity of 24.74%. The business had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.39 billion. During the same period in the prior year, the business earned $3.34 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, equities analysts anticipate that Advance Auto Parts, Inc. will post 13.68 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Friday, June 17th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend is Thursday, June 16th. Advance Auto Parts’s dividend payout ratio (DPR) is currently 66.82%.
Advance Auto Parts Profile (Get Rating)
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.
- Get a free copy of the StockNews.com research report on Advance Auto Parts (AAP)
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