Northwestern Mutual Investment Management Company LLC trimmed its stake in shares of Advance Auto Parts Inc (NYSE:AAP) by 81.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,805 shares of the company’s stock after selling 12,106 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Advance Auto Parts were worth $453,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the business. Hosking Partners LLP raised its position in shares of Advance Auto Parts by 1.7% during the 2nd quarter. Hosking Partners LLP now owns 35,284 shares of the company’s stock worth $4,114,000 after buying an additional 577 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Advance Auto Parts by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,486 shares of the company’s stock worth $640,000 after buying an additional 14 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its position in shares of 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. State of Tennessee Treasury Department raised its position in shares of Advance Auto Parts by 0.3% during the 2nd quarter. State of Tennessee Treasury Department now owns 20,197 shares of the company’s stock worth $2,355,000 after buying an additional 60 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in shares of Advance Auto Parts by 4.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 1,582 shares of the company’s stock worth $184,000 after buying an additional 68 shares in the last quarter.

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AAP has been the topic of a number of recent analyst reports. Royal Bank Of Canada dropped their price target on shares of Advance Auto Parts from $168.00 to $153.00 and set an “outperform” rating on the stock in a research report on Thursday, May 25th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Advance Auto Parts in a research note on Wednesday, May 24th. Bank of America Corporation lowered their price objective on shares of Advance Auto Parts from $160.00 to $150.00 and set a “neutral” rating on the stock in a research note on Thursday, May 25th. UBS AG reaffirmed a “buy” rating and issued a $170.00 price objective (down previously from $180.00) on shares of Advance Auto Parts in a research note on Thursday, May 25th. Finally, Deutsche Bank AG lowered their price objective on shares of Advance Auto Parts from $192.00 to $164.00 and set a “buy” rating on the stock in a research note on Thursday, May 25th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $123.08.

Shares of Advance Auto Parts Inc (NYSE:AAP) opened at 100.02 on Friday. The firm has a 50-day moving average of $100.74 and a 200-day moving average of $126.83. The firm has a market capitalization of $7.39 billion, a PE ratio of 19.97 and a beta of 0.90. Advance Auto Parts Inc has a 1-year low of $82.21 and a 1-year high of $177.83.

Advance Auto Parts (NYSE:AAP) last posted its earnings results on Tuesday, August 15th. The company reported $1.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.07). The business had revenue of $2.26 billion for the quarter, compared to the consensus estimate 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 for the quarter was up .3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.90 earnings per share. On average, equities research analysts anticipate that Advance Auto Parts Inc will post $5.17 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 6th. Stockholders of record on Friday, September 22nd will be paid a dividend of $0.06 per share. The ex-dividend date is Thursday, September 21st. This represents a $0.24 annualized dividend and a dividend yield of 0.24%. Advance Auto Parts’s dividend payout ratio is currently 4.80%.

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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