Prescott Group Capital Management L.L.C. raised its stake in Advance Auto Parts, Inc. (NYSE:AAP) by 94.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,400 shares of the company’s stock after buying an additional 7,000 shares during the period. Prescott Group Capital Management L.L.C.’s holdings in Advance Auto Parts were worth $1,436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of AAP. Artisan Partners Limited Partnership raised its holdings in shares of Advance Auto Parts by 172.5% in the 3rd quarter. Artisan Partners Limited Partnership now owns 2,922,315 shares of the company’s stock valued at $289,894,000 after purchasing an additional 1,849,808 shares in the last quarter. ACR Alpine Capital Research LLC bought a new stake in shares of Advance Auto Parts in the 3rd quarter valued at about $91,021,000. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Advance Auto Parts by 16,567.9% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 697,887 shares of the company’s stock valued at $69,522,000 after purchasing an additional 693,700 shares in the last quarter. Capital International Investors raised its holdings in shares of Advance Auto Parts by 107.3% in the 3rd quarter. Capital International Investors now owns 1,328,500 shares of the company’s stock valued at $131,787,000 after purchasing an additional 687,700 shares in the last quarter. Finally, BT Investment Management Ltd raised its holdings in shares of Advance Auto Parts by 173.4% in the 3rd quarter. BT Investment Management Ltd now owns 1,022,476 shares of the company’s stock valued at $101,430,000 after purchasing an additional 648,554 shares in the last quarter.

Advance Auto Parts, Inc. (AAP) opened at $109.14 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.32 and a current ratio of 1.52. The company has a market cap of $8,065.23, a P/E ratio of 22.88, a P/E/G ratio of 1.76 and a beta of 1.14. Advance Auto Parts, Inc. has a 52 week low of $78.81 and a 52 week high of $169.55.

Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings data on Tuesday, November 14th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.25 by $0.18. The firm had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.21 billion. Advance Auto Parts had a net margin of 3.75% and a return on equity of 13.51%. Advance Auto Parts’s revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.73 EPS. analysts forecast that Advance Auto Parts, Inc. will post 5.25 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 6th. Investors of record on Friday, March 23rd will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, March 22nd. This represents a $0.24 annualized dividend and a dividend yield of 0.22%. Advance Auto Parts’s dividend payout ratio (DPR) is presently 5.03%.

Several equities research analysts have recently commented on the stock. Morgan Stanley boosted their price target on shares of Advance Auto Parts from $92.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, November 8th. Moffett Nathanson assumed coverage on shares of Advance Auto Parts in a report on Monday, December 4th. They issued a “neutral” rating for the company. Royal Bank of Canada boosted their price target on shares of Advance Auto Parts from $100.00 to $109.00 and gave the company an “outperform” rating in a report on Wednesday, November 15th. Zacks Investment Research upgraded shares of Advance Auto Parts from a “hold” rating to a “buy” rating and set a $130.00 price target for the company in a report on Tuesday, January 16th. Finally, Oppenheimer restated a “hold” rating on shares of Advance Auto Parts in a report on Tuesday, November 14th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $109.91.

TRADEMARK VIOLATION WARNING: “Prescott Group Capital Management L.L.C. Grows Holdings in Advance Auto Parts, Inc. (AAP)” was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this article on another website, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.thecerbatgem.com/2018/02/11/prescott-group-capital-management-l-l-c-grows-holdings-in-advance-auto-parts-inc-aap.html.

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.

Want to see what other hedge funds are holding AAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advance Auto Parts, Inc. (NYSE:AAP).

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

Receive News & Ratings for Advance Auto Parts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advance Auto Parts and related companies with MarketBeat.com's FREE daily email newsletter.