International Assets Investment Management LLC Invests $3.36 Million in Advance Auto Parts, Inc. (NYSE:AAP)

International Assets Investment Management LLC acquired a new stake in Advance Auto Parts, Inc. (NYSE:AAP) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 55,110 shares of the company’s stock, valued at approximately $3,363,000. International Assets Investment Management LLC owned approximately 0.09% of Advance Auto Parts at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP raised its stake in shares of Advance Auto Parts by 190.0% during the 4th quarter. Allworth Financial LP now owns 406 shares of the company’s stock worth $25,000 after buying an additional 266 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of Advance Auto Parts by 264.6% in the third quarter. Larson Financial Group LLC now owns 689 shares of the company’s stock valued at $39,000 after purchasing an additional 500 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Advance Auto Parts by 594.2% in the third quarter. EverSource Wealth Advisors LLC now owns 840 shares of the company’s stock valued at $47,000 after purchasing an additional 719 shares during the last quarter. Signaturefd LLC increased its stake in shares of Advance Auto Parts by 20.0% during the 3rd quarter. Signaturefd LLC now owns 1,677 shares of the company’s stock worth $94,000 after purchasing an additional 279 shares in the last quarter. Finally, Sandy Spring Bank purchased a new stake in Advance Auto Parts in the 3rd quarter valued at approximately $96,000. 88.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Advance Auto Parts

In related news, Director Carla Jean Bailo purchased 310 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were acquired at an average cost of $81.19 per share, for a total transaction of $25,168.90. Following the transaction, the director now owns 5,789 shares of the company’s stock, valued at $470,008.91. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Herman L. Word, Jr. sold 1,858 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $86.08, for a total value of $159,936.64. Following the sale, the executive vice president now directly owns 10,448 shares in the company, valued at approximately $899,363.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Carla Jean Bailo purchased 310 shares of the stock in a transaction dated Monday, March 18th. The shares were acquired at an average cost of $81.19 per share, for a total transaction of $25,168.90. Following the completion of the acquisition, the director now directly owns 5,789 shares of the company’s stock, valued at approximately $470,008.91. The disclosure for this purchase can be found here. 0.35% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Royal Bank of Canada raised their price target on Advance Auto Parts from $47.00 to $68.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 29th. JPMorgan Chase & Co. boosted their target price on shares of Advance Auto Parts from $55.00 to $68.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. Mizuho began coverage on shares of Advance Auto Parts in a research note on Tuesday, March 19th. They set a “neutral” rating and a $78.00 price target on the stock. TheStreet raised shares of Advance Auto Parts from a “d+” rating to a “c-” rating in a research report on Monday, January 22nd. Finally, Evercore ISI reduced their price objective on shares of Advance Auto Parts from $82.00 to $78.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $64.56.

Advance Auto Parts Stock Up 1.2 %

Shares of NYSE AAP opened at $75.66 on Friday. The stock has a fifty day moving average price of $77.78 and a 200 day moving average price of $65.81. Advance Auto Parts, Inc. has a 12-month low of $47.73 and a 12-month high of $127.31. The company has a current ratio of 1.20, a quick ratio of 0.29 and a debt-to-equity ratio of 0.71. The company has a market cap of $4.51 billion, a P/E ratio of 102.24, a P/E/G ratio of 1.39 and a beta of 1.20.

Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings data on Wednesday, February 28th. The company reported ($0.59) EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.83). Advance Auto Parts had a net margin of 0.39% and a return on equity of 1.68%. The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter last year, the company earned $2.88 earnings per share. The company’s revenue was down .4% compared to the same quarter last year. Research analysts anticipate that Advance Auto Parts, Inc. will post 3.94 EPS for the current fiscal year.

Advance Auto Parts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 12th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $1.00 annualized dividend and a yield of 1.32%. Advance Auto Parts’s dividend payout ratio (DPR) is 135.14%.

About Advance Auto Parts

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.