Crossmark Global Holdings Inc. lifted its holdings in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 35.4% during the fourth quarter, Holdings Channel reports. The fund owned 14,918 shares of the company’s stock after purchasing an additional 3,899 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Advance Auto Parts were worth $1,487,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Stephens Inc. AR bought a new stake in Advance Auto Parts in the fourth quarter valued at about $284,000. Public Employees Retirement Association of Colorado increased its holdings in Advance Auto Parts by 3.3% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 14,041 shares of the company’s stock valued at $1,400,000 after buying an additional 453 shares during the last quarter. Aperio Group LLC increased its holdings in Advance Auto Parts by 38.6% in the fourth quarter. Aperio Group LLC now owns 40,405 shares of the company’s stock valued at $4,028,000 after buying an additional 11,248 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Advance Auto Parts in the fourth quarter valued at about $249,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in Advance Auto Parts in the fourth quarter valued at about $207,000.

Advance Auto Parts, Inc. (AAP) opened at $109.02 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. The stock has a market capitalization of $7,849.45, a P/E ratio of 22.86, a PEG ratio of 1.72 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 issued its quarterly earnings data on Tuesday, November 14th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 return on equity of 13.51% and a net margin of 3.75%. The business’s revenue was down 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.73 earnings per share. research analysts anticipate that Advance Auto Parts, Inc. will post 5.25 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 6th. Stockholders of record on Friday, March 23rd will be given 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 is presently 5.03%.

AAP has been the subject of several research analyst reports. BTIG Research reissued a “sell” rating and issued a $75.00 price objective (down from $90.00) on shares of Advance Auto Parts in a report on Wednesday, October 25th. Citigroup boosted their price objective on Advance Auto Parts from $82.00 to $85.00 and gave the company a “sell” rating in a report on Wednesday, November 15th. Morgan Stanley reissued an “overweight” rating on shares of Advance Auto Parts in a report on Wednesday, November 15th. JPMorgan Chase & Co. boosted their price objective on Advance Auto Parts from $110.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Finally, Zacks Investment Research lowered Advance Auto Parts from a “buy” rating to a “hold” rating in a report on Wednesday, January 17th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the stock. Advance Auto Parts currently has an average rating of “Hold” and an average price target of $109.91.

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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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