American Trust Has $522,000 Stock Position in Advance Auto Parts, Inc. (NYSE:AAP)

American Trust decreased its position in shares of Advance Auto Parts, Inc. (NYSE:AAPGet Rating) by 13.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,520 shares of the company’s stock after selling 397 shares during the period. American Trust’s holdings in Advance Auto Parts were worth $522,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Quadrant Capital Group LLC lifted its position in shares of Advance Auto Parts by 10.5% in the first quarter. Quadrant Capital Group LLC now owns 526 shares of the company’s stock worth $108,000 after buying an additional 50 shares during the last quarter. Beaumont Asset Management L.L.C. lifted its position in shares of Advance Auto Parts by 1.6% in the first quarter. Beaumont Asset Management L.L.C. now owns 3,415 shares of the company’s stock worth $706,000 after buying an additional 54 shares during the last quarter. Wetherby Asset Management Inc. lifted its position in shares of Advance Auto Parts by 4.3% in the fourth quarter. Wetherby Asset Management Inc. now owns 1,331 shares of the company’s stock worth $319,000 after buying an additional 55 shares during the last quarter. Personal CFO Solutions LLC lifted its position in shares of Advance Auto Parts by 5.5% in the first quarter. Personal CFO Solutions LLC now owns 1,064 shares of the company’s stock worth $220,000 after buying an additional 55 shares during the last quarter. Finally, Regentatlantic Capital LLC lifted its position in shares of Advance Auto Parts by 2.1% in the first quarter. Regentatlantic Capital LLC now owns 2,630 shares of the company’s stock worth $544,000 after buying an additional 55 shares during the last quarter. Institutional investors and hedge funds own 99.47% of the company’s stock.

Analyst Ratings Changes

AAP has been the subject of a number of analyst reports. MKM Partners started coverage on Advance Auto Parts in a research report on Thursday, June 23rd. They issued a “buy” rating and a $195.00 price target for the company. Wells Fargo & Company cut their price objective on Advance Auto Parts from $230.00 to $200.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 24th. Morgan Stanley cut their price objective on Advance Auto Parts from $225.00 to $205.00 and set an “equal weight” rating for the company in a research report on Thursday, August 25th. Stephens cut their price objective on Advance Auto Parts from $246.00 to $215.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 25th. Finally, StockNews.com raised Advance Auto Parts from a “hold” rating to a “buy” rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.56.

Advance Auto Parts Trading Down 0.5 %

AAP stock opened at $166.80 on Friday. Advance Auto Parts, Inc. has a 1-year low of $164.00 and a 1-year high of $244.55. The firm has a market cap of $10.03 billion, a P/E ratio of 19.35, a P/E/G ratio of 1.07 and a beta of 1.24. The business’s 50 day moving average is $186.77 and its 200-day moving average is $194.80. The company has a current ratio of 1.16, a quick ratio of 0.25 and a debt-to-equity ratio of 0.42.

Advance Auto Parts (NYSE:AAPGet Rating) last released its quarterly earnings data on Tuesday, August 23rd. The company reported $3.74 earnings per share for the quarter, missing the consensus estimate of $3.76 by ($0.02). Advance Auto Parts had a net margin of 4.84% and a return on equity of 25.99%. During the same period in the prior year, the business earned $3.40 earnings per share. Equities analysts anticipate that Advance Auto Parts, Inc. will post 13.01 earnings per share for the current fiscal year.

Advance Auto Parts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $6.00 annualized dividend and a dividend yield of 3.60%. Advance Auto Parts’s dividend payout ratio is currently 69.61%.

Advance Auto Parts Profile

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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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