Advisor Group Inc. boosted its holdings in shares of Advance Auto Parts Inc (NYSE:AAP) by 477.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 7,690 shares of the company’s stock after purchasing an additional 6,358 shares during the period. Advisor Group Inc.’s holdings in Advance Auto Parts were worth $762,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Tobam acquired a new stake in shares of Advance Auto Parts in the 2nd quarter worth $118,000. QS Investors LLC lifted its stake in shares of Advance Auto Parts by 0.9% in the 2nd quarter. QS Investors LLC now owns 1,017 shares of the company’s stock worth $119,000 after acquiring an additional 9 shares during the period. Huntington National Bank lifted its stake in shares of Advance Auto Parts by 37.1% in the 2nd quarter. Huntington National Bank now owns 1,046 shares of the company’s stock worth $122,000 after acquiring an additional 283 shares during the period. Global X Management Co. LLC lifted its stake in shares of Advance Auto Parts by 14.3% in the 2nd quarter. Global X Management Co. LLC now owns 1,111 shares of the company’s stock worth $130,000 after acquiring an additional 139 shares during the period. Finally, IFP Advisors Inc lifted its stake in shares of Advance Auto Parts by 57.5% in the 2nd quarter. IFP Advisors Inc now owns 1,208 shares of the company’s stock worth $141,000 after acquiring an additional 441 shares during the period.

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Several research firms have recently commented on AAP. UBS Group AG restated a “buy” rating and issued a $118.00 target price (down previously from $155.00) on shares of Advance Auto Parts in a research note on Wednesday, August 16th. Citigroup Inc. reduced their target price on shares of Advance Auto Parts to $99.00 and set a “neutral” rating for the company in a research note on Wednesday, August 16th. Royal Bank Of Canada reduced their target price on shares of Advance Auto Parts from $125.00 to $102.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 16th. Barclays PLC restated an “equal weight” rating and issued a $90.00 target price (down previously from $93.00) on shares of Advance Auto Parts in a research note on Wednesday, August 16th. Finally, Gabelli reiterated a “buy” rating on shares of Advance Auto Parts in a research note on Wednesday, August 16th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $104.89.

Advance Auto Parts Inc (NYSE:AAP) opened at $89.62 on Thursday. The company has a current ratio of 1.52, a quick ratio of 0.32 and a debt-to-equity ratio of 0.32. Advance Auto Parts Inc has a twelve month low of $78.81 and a twelve month high of $177.83. The firm has a market cap of $6,571.75, a PE ratio of 15.85, a price-to-earnings-growth ratio of 1.60 and a beta of 0.90.

Advance Auto Parts (NYSE:AAP) last posted its earnings results on Tuesday, November 14th. The company reported $1.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.18. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.21 billion. Advance Auto Parts had a net margin of 3.75% and a return on equity of 13.51%. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period last year, the firm posted $1.73 EPS. equities research analysts anticipate that Advance Auto Parts Inc will post 5.22 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 22nd will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, December 21st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.27%. Advance Auto Parts’s dividend payout ratio (DPR) is presently 5.03%.

About Advance Auto Parts

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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