Livforsakringsbolaget Skandia Omsesidigt maintained its position in shares of Advance Auto Parts Inc (NYSE:AAP) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,364 shares of the company’s stock at the end of the second quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Advance Auto Parts were worth $159,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in AAP. Vanguard Group Inc. increased its position in shares of Advance Auto Parts by 3.2% in the first quarter. Vanguard Group Inc. now owns 6,780,206 shares of the company’s stock worth $1,005,233,000 after buying an additional 212,632 shares in the last quarter. BlackRock Inc. increased its position in shares of Advance Auto Parts by 3,142.5% in the first quarter. BlackRock Inc. now owns 4,320,280 shares of the company’s stock worth $640,524,000 after buying an additional 4,187,042 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of Advance Auto Parts by 45.7% in the first quarter. Lazard Asset Management LLC now owns 3,135,361 shares of the company’s stock worth $464,848,000 after buying an additional 983,616 shares in the last quarter. American Century Companies Inc. increased its position in shares of Advance Auto Parts by 19.2% in the first quarter. American Century Companies Inc. now owns 1,589,566 shares of the company’s stock worth $235,669,000 after buying an additional 255,548 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its position in shares of Advance Auto Parts by 51.2% in the first quarter. Point72 Asset Management L.P. now owns 1,538,878 shares of the company’s stock worth $228,154,000 after buying an additional 521,078 shares in the last quarter.

Shares of Advance Auto Parts Inc (NYSE AAP) opened at 103.23 on Friday. The firm has a 50-day moving average price of $118.01 and a 200-day moving average price of $144.60. Advance Auto Parts Inc has a 52 week low of $99.13 and a 52 week high of $177.83. The stock has a market cap of $7.62 billion, a PE ratio of 18.70 and a beta of 0.88.

Advance Auto Parts (NYSE:AAP) last issued its earnings results on Wednesday, May 24th. The company reported $1.60 EPS for the quarter, missing the consensus estimate of $2.20 by $0.60. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.94 billion. Advance Auto Parts had a return on equity of 16.02% and a net margin of 4.31%. Advance Auto Parts’s revenue was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.51 EPS. On average, analysts forecast that Advance Auto Parts Inc will post $6.42 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 7th. Investors of record on Friday, June 23rd were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend was Wednesday, June 21st. Advance Auto Parts’s dividend payout ratio (DPR) is 4.36%.

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A number of equities analysts have recently commented on AAP shares. Wedbush reissued an “outperform” rating and set a $160.00 price objective (down from $185.00) on shares of Advance Auto Parts in a research report on Sunday, May 28th. BidaskClub downgraded Advance Auto Parts from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 11th. Citigroup Inc. lowered their price objective on Advance Auto Parts from $177.00 to $168.00 and set a “neutral” rating for the company in a research report on Tuesday, April 25th. Royal Bank Of Canada lowered their price target on Advance Auto Parts from $168.00 to $153.00 and set an “outperform” rating for the company in a report on Thursday, May 25th. Finally, Cleveland Research downgraded Advance Auto Parts from a “buy” rating to a “neutral” rating in a report on Wednesday, June 28th. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $151.41.

In other Advance Auto Parts news, Director Brad W. Buss bought 1,200 shares of the business’s stock in a transaction on Wednesday, May 31st. The shares were purchased at an average price of $134.47 per share, with a total value of $161,364.00. Following the purchase, the director now directly owns 1,928 shares of the company’s stock, valued at $259,258.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Adriana Karaboutis bought 367 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were acquired at an average cost of $135.28 per share, for a total transaction of $49,647.76. Following the purchase, the director now directly owns 3,043 shares in the company, valued at $411,657.04. The disclosure for this purchase can be found here. In the last three months, insiders purchased 369,462 shares of company stock worth $49,617,073. Company insiders own 4.50% of the company’s stock.

Advance Auto Parts Company Profile

Advance Auto Parts, Inc provides automotive aftermarket parts in North America, serving do-it-for-me (Professional) and do-it-yourself (DIY), customers. The Company’s stores and branches offer a selection of brand name, original equipment manufacturer (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks.

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Institutional Ownership by Quarter for Advance Auto Parts (NYSE:AAP)

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