Zuckerman Investment Group LLC raised its position in shares of Advance Auto Parts Inc (NYSE:AAP) by 99.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 230,814 shares of the company’s stock after acquiring an additional 115,220 shares during the period. Advance Auto Parts makes up approximately 5.6% of Zuckerman Investment Group LLC’s investment portfolio, making the stock its 6th largest position. Zuckerman Investment Group LLC owned about 0.31% of Advance Auto Parts worth $22,897,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of AAP. Artisan Partners Limited Partnership raised its position in shares of Advance Auto Parts by 172.5% in the third quarter. Artisan Partners Limited Partnership now owns 2,922,315 shares of the company’s stock valued at $289,894,000 after buying an additional 1,849,808 shares in the last quarter. BlackRock Inc. raised its position in shares of Advance Auto Parts by 25.6% in the second quarter. BlackRock Inc. now owns 5,425,799 shares of the company’s stock valued at $632,593,000 after buying an additional 1,105,519 shares in the last quarter. ACR Alpine Capital Research LLC acquired a new stake in shares of Advance Auto Parts in the third quarter valued at approximately $91,021,000. Neuberger Berman Group LLC raised its position in shares of Advance Auto Parts by 6,616.2% in the second quarter. Neuberger Berman Group LLC now owns 903,258 shares of the company’s stock valued at $105,311,000 after buying an additional 889,809 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its position in shares of Advance Auto Parts by 279.6% in the second quarter. Thompson Siegel & Walmsley LLC now owns 1,147,414 shares of the company’s stock valued at $133,777,000 after buying an additional 845,130 shares in the last quarter.

A number of equities research analysts have recently weighed in on AAP shares. Gabelli reiterated a “buy” rating on shares of Advance Auto Parts in a research report on Wednesday, August 16th. Jefferies Group reiterated a “buy” rating and issued a $130.00 price target on shares of Advance Auto Parts in a research report on Tuesday, September 12th. UBS reiterated a “buy” rating and issued a $118.00 price target (down from $155.00) on shares of Advance Auto Parts in a research report on Wednesday, August 16th. Royal Bank Of Canada boosted their price objective on shares of Advance Auto Parts from $100.00 to $109.00 and gave the company an “outperform” rating in a research report on Wednesday, November 15th. Finally, Barclays upgraded shares of Advance Auto Parts from an “underweight” rating to an “equal weight” rating and set a $90.00 price objective for the company in a research report on Monday, August 21st. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $104.89.

Advance Auto Parts Inc (AAP) opened at $101.15 on Wednesday. Advance Auto Parts Inc has a 1 year low of $78.81 and a 1 year high of $177.83. The company has a market cap of $7,686.87, a P/E ratio of 18.54, a price-to-earnings-growth ratio of 1.87 and a beta of 1.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.32 and a current ratio of 1.52.

Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings data on Tuesday, November 14th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.25 by $0.18. The business 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 company’s revenue was down 3.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.73 earnings per share. equities research analysts anticipate that Advance Auto Parts Inc will post 5.22 EPS for the current year.

The business 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 annualized dividend and a dividend yield of 0.24%. Advance Auto Parts’s dividend payout ratio (DPR) is presently 5.03%.

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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.

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

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