Old Mutual Global Investors UK Ltd. purchased a new position in shares of Advance Auto Parts Inc (NYSE:AAP) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,700 shares of the company’s stock, valued at approximately $431,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of AAP. BlackRock Inc. lifted its position in Advance Auto Parts by 3,142.5% during the 1st 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 lifted its position in Advance Auto Parts by 45.7% during the 1st 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. Neuberger Berman Group LLC lifted its position in Advance Auto Parts by 6,616.2% during the 2nd quarter. Neuberger Berman Group LLC now owns 903,258 shares of the company’s stock worth $105,311,000 after buying an additional 889,809 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its position in Advance Auto Parts by 279.6% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,147,414 shares of the company’s stock worth $133,777,000 after buying an additional 845,130 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in Advance Auto Parts by 193.0% during the 2nd quarter. Bessemer Group Inc. now owns 1,207,206 shares of the company’s stock worth $140,748,000 after buying an additional 795,132 shares in the last quarter.

Shares of Advance Auto Parts Inc (NYSE AAP) opened at 94.40 on Tuesday. The stock has a 50 day moving average price of $101.45 and a 200-day moving average price of $127.90. The company has a market capitalization of $6.97 billion, a PE ratio of 18.85 and a beta of 0.90. Advance Auto Parts Inc has a 52 week low of $82.21 and a 52 week high of $177.83.

Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings data on Tuesday, August 15th. The company reported $1.58 EPS for the quarter, missing the Zacks’ consensus estimate of $1.65 by $0.07. The company had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.26 billion. Advance Auto Parts had a return on equity of 14.71% and a net margin of 3.91%. Advance Auto Parts’s revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.90 earnings per share. Equities research analysts expect that Advance Auto Parts Inc will post $5.17 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 6th. Investors of record on Friday, September 22nd will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend is Thursday, September 21st. Advance Auto Parts’s dividend payout ratio is currently 4.80%.

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AAP has been the topic of several research reports. Bank of America Corporation reduced their price target on shares of Advance Auto Parts from $160.00 to $150.00 and set a “neutral” rating on the stock in a research report on Thursday, May 25th. Morgan Stanley reiterated an “overweight” rating and set a $160.00 price target (down previously from $185.00) on shares of Advance Auto Parts in a research report on Sunday, May 28th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Advance Auto Parts in a research report on Wednesday, May 31st. BTIG Research reiterated a “sell” rating and set a $109.00 price target (down previously from $120.00) on shares of Advance Auto Parts in a research report on Thursday, June 22nd. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $139.00 price target (down previously from $164.00) on shares of Advance Auto Parts in a research report on Friday, July 21st. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $124.03.

Advance Auto Parts 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.

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

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