286 Shares in Advance Auto Parts, Inc. (NYSE:AAP) Bought by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC acquired a new position in shares of Advance Auto Parts, Inc. (NYSE:AAPGet Rating) during the second quarter, HoldingsChannel reports. The firm acquired 286 shares of the company’s stock, valued at approximately $50,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Park Avenue Securities LLC increased its stake in Advance Auto Parts by 23.7% in the 1st quarter. Park Avenue Securities LLC now owns 1,565 shares of the company’s stock valued at $324,000 after buying an additional 300 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Advance Auto Parts in the 1st quarter valued at $865,000. Signaturefd LLC increased its stake in Advance Auto Parts by 45.8% in the 1st quarter. Signaturefd LLC now owns 611 shares of the company’s stock valued at $126,000 after buying an additional 192 shares during the last quarter. Atria Investments LLC increased its stake in Advance Auto Parts by 13.8% in the 1st quarter. Atria Investments LLC now owns 12,720 shares of the company’s stock valued at $2,633,000 after buying an additional 1,540 shares during the last quarter. Finally, DAVENPORT & Co LLC increased its stake in Advance Auto Parts by 25.8% in the 1st quarter. DAVENPORT & Co LLC now owns 1,629 shares of the company’s stock valued at $337,000 after buying an additional 334 shares during the last quarter. 99.47% of the stock is currently owned by institutional investors and hedge funds.

Advance Auto Parts Stock Performance

Shares of AAP stock opened at $147.50 on Monday. The company has a market capitalization of $8.87 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 0.93 and a beta of 1.27. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.25 and a current ratio of 1.13. The company has a 50-day simple moving average of $171.75 and a 200 day simple moving average of $181.89. Advance Auto Parts, Inc. has a 52 week low of $145.59 and a 52 week high of $244.55.

Advance Auto Parts (NYSE:AAPGet Rating) last posted its quarterly earnings data on Tuesday, August 23rd. The company reported $3.74 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $3.74. Advance Auto Parts had a net margin of 4.30% and a return on equity of 25.97%. The firm had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.75 billion. During the same quarter in the previous year, the firm posted $3.40 EPS. On average, sell-side analysts predict that Advance Auto Parts, Inc. will post 12.62 earnings per share for the current year.

Advance Auto Parts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Friday, December 16th will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 4.07%. The ex-dividend date of this dividend is Thursday, December 15th. Advance Auto Parts’s dividend payout ratio (DPR) is currently 77.12%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AAP. Wedbush lowered their price target on shares of Advance Auto Parts from $200.00 to $165.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 16th. UBS Group lowered shares of Advance Auto Parts from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $230.00 to $182.00 in a research note on Wednesday, November 16th. Royal Bank of Canada lowered their price objective on shares of Advance Auto Parts from $199.00 to $165.00 and set a “sector perform” rating on the stock in a research note on Thursday. Raymond James lowered their price objective on shares of Advance Auto Parts from $210.00 to $200.00 and set a “strong-buy” rating on the stock in a research note on Thursday. Finally, Guggenheim lowered shares of Advance Auto Parts from a “buy” rating to a “neutral” rating in a research note on Thursday. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $197.07.

Advance Auto Parts Company 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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