TD Asset Management Inc. cut its position in shares of Advance Auto Parts Inc (NYSE:AAP) by 2.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 134,342 shares of the company’s stock after selling 3,574 shares during the period. TD Asset Management Inc. owned 0.18% of Advance Auto Parts worth $15,663,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Marshall Wace North America L.P. bought a new position in Advance Auto Parts during the first quarter worth about $2,028,000. BKD Wealth Advisors LLC raised its position in Advance Auto Parts by 47.1% in the second quarter. BKD Wealth Advisors LLC now owns 2,968 shares of the company’s stock worth $346,000 after buying an additional 951 shares during the period. Stevens Capital Management LP raised its position in Advance Auto Parts by 7.2% in the first quarter. Stevens Capital Management LP now owns 2,819 shares of the company’s stock worth $418,000 after buying an additional 190 shares during the period. Strs Ohio raised its position in Advance Auto Parts by 0.7% in the first quarter. Strs Ohio now owns 3,955 shares of the company’s stock worth $586,000 after buying an additional 28 shares during the period. Finally, Morgan Stanley raised its position in Advance Auto Parts by 98.8% in the first quarter. Morgan Stanley now owns 394,710 shares of the company’s stock worth $58,518,000 after buying an additional 196,158 shares during the period.

Shares of Advance Auto Parts Inc (NYSE:AAP) opened at 107.34 on Friday. The stock’s 50 day moving average price is $108.57 and its 200-day moving average price is $137.82. The firm has a market cap of $7.92 billion, a PE ratio of 19.45 and a beta of 0.87. Advance Auto Parts Inc has a 52-week low of $99.13 and a 52-week high of $177.83.

Advance Auto Parts (NYSE:AAP) last issued its quarterly 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. Advance Auto Parts had a return on equity of 16.02% and a net margin of 4.31%. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the previous year, the business posted $2.51 EPS. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. On average, equities research analysts anticipate that Advance Auto Parts Inc will post $6.37 earnings per share for the current fiscal year.

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A number of research analysts recently issued reports on AAP shares. Zacks Investment Research lowered Advance Auto Parts from a “hold” rating to a “sell” rating in a report on Tuesday, April 25th. Deutsche Bank AG reaffirmed a “buy” rating and set a $139.00 price target (down from $164.00) on shares of Advance Auto Parts in a report on Friday, July 21st. Credit Suisse Group reaffirmed an “outperform” rating and set a $135.00 price target (down from $150.00) on shares of Advance Auto Parts in a report on Monday, July 17th. Wedbush reaffirmed an “outperform” rating on shares of Advance Auto Parts in a report on Thursday, July 6th. Finally, BidaskClub raised Advance Auto Parts from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Advance Auto Parts currently has an average rating of “Hold” and a consensus target price of $149.06.

In related news, Director Eugene I. Lee, Jr. purchased 1,895 shares of Advance Auto Parts stock in a transaction dated Friday, May 26th. The shares were acquired at an average price of $132.18 per share, with a total value of $250,481.10. Following the completion of the transaction, the director now owns 4,398 shares of the company’s stock, valued at approximately $581,327.64. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Thomas Greco purchased 16,000 shares of Advance Auto Parts stock in a transaction dated Friday, May 26th. The shares were bought at an average cost of $134.63 per share, for a total transaction of $2,154,080.00. Following the transaction, the insider now directly owns 111,030 shares of the company’s stock, valued at approximately $14,947,968.90. The disclosure for this purchase can be found here. Insiders have bought 369,462 shares of company stock worth $49,617,073 in the last ninety days. Corporate 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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