Advance Auto Parts, Inc. (NYSE:AAP) Shares Sold by Cary Street Partners Investment Advisory LLC

Cary Street Partners Investment Advisory LLC lowered its position in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 5.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,304 shares of the company’s stock after selling 204 shares during the quarter. Cary Street Partners Investment Advisory LLC’s holdings in Advance Auto Parts were worth $202,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of AAP. Raymond James Financial Services Advisors Inc. raised its position in Advance Auto Parts by 11.9% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 33,324 shares of the company’s stock worth $1,864,000 after buying an additional 3,553 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Advance Auto Parts by 285.0% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 17,700 shares of the company’s stock valued at $990,000 after purchasing an additional 13,103 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Advance Auto Parts by 32.9% in the 3rd quarter. Assetmark Inc. now owns 2,163 shares of the company’s stock valued at $121,000 after purchasing an additional 535 shares in the last quarter. Yousif Capital Management LLC increased its holdings in shares of Advance Auto Parts by 193.7% in the 3rd quarter. Yousif Capital Management LLC now owns 31,112 shares of the company’s stock valued at $1,740,000 after purchasing an additional 20,519 shares in the last quarter. Finally, Wealthfront Advisers LLC purchased a new position in shares of Advance Auto Parts in the 3rd quarter valued at about $1,396,000. Hedge funds and other institutional investors own 88.75% of the company’s stock.

Insider Activity at Advance Auto Parts

In other Advance Auto Parts news, Director Brent Windom purchased 4,700 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were purchased at an average price of $85.34 per share, for a total transaction of $401,098.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company’s stock, valued at approximately $853,400. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Advance Auto Parts news, Director Brent Windom purchased 4,700 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were purchased at an average price of $85.34 per share, for a total transaction of $401,098.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company’s stock, valued at approximately $853,400. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Carla Jean Bailo purchased 310 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was acquired at an average price of $81.19 per share, for a total transaction of $25,168.90. Following 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.

Advance Auto Parts Price Performance

AAP opened at $73.89 on Friday. The company’s 50 day simple moving average is $78.15 and its 200 day simple moving average is $66.70. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.29 and a current ratio of 1.20. Advance Auto Parts, Inc. has a 1 year low of $47.73 and a 1 year high of $122.73. The stock has a market capitalization of $4.40 billion, a PE ratio of 99.85, a P/E/G ratio of 1.37 and a beta of 1.20.

Advance Auto Parts (NYSE:AAP) last released its earnings results on Wednesday, February 28th. The company reported ($0.59) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.83). Advance Auto Parts had a return on equity of 1.68% and a net margin of 0.39%. The company had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same period in the prior year, the business posted $2.88 earnings per share. Advance Auto Parts’s revenue was down .4% on a year-over-year basis. As a group, sell-side analysts expect that Advance Auto Parts, Inc. will post 3.94 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AAP shares. StockNews.com downgraded shares of Advance Auto Parts from a “hold” rating to a “sell” rating in a report on Monday. Truist Financial increased their price target on shares of Advance Auto Parts from $60.00 to $70.00 and gave the company a “hold” rating in a report on Tuesday, April 2nd. Barclays increased their price target on shares of Advance Auto Parts from $56.00 to $66.00 and gave the company an “equal weight” rating in a report on Thursday, February 29th. Royal Bank of Canada raised their target price on shares of Advance Auto Parts from $47.00 to $68.00 and gave the company a “sector perform” rating in a report on Thursday, February 29th. Finally, Evercore ISI dropped their target price on shares of Advance Auto Parts from $82.00 to $78.00 and set an “in-line” rating for the company in a report on Tuesday, April 16th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $64.56.

Advance Auto Parts Company 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.