Nomura Asset Management Co. Ltd. grew its position in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 7.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,387 shares of the company’s stock after purchasing an additional 956 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Advance Auto Parts were worth $2,108,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of AAP. Diversified Trust Co increased its holdings in Advance Auto Parts by 4.1% during the 4th quarter. Diversified Trust Co now owns 1,539 shares of the company’s stock valued at $242,000 after purchasing an additional 60 shares during the period. CIBC Asset Management Inc increased its holdings in Advance Auto Parts by 0.9% during the 4th quarter. CIBC Asset Management Inc now owns 8,487 shares of the company’s stock valued at $1,336,000 after purchasing an additional 75 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in Advance Auto Parts by 38.2% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 329 shares of the company’s stock valued at $52,000 after purchasing an additional 91 shares during the period. Advisor Partners LLC increased its holdings in Advance Auto Parts by 3.8% during the 4th quarter. Advisor Partners LLC now owns 2,535 shares of the company’s stock valued at $399,000 after purchasing an additional 92 shares during the period. Finally, Gateway Investment Advisers LLC increased its holdings in Advance Auto Parts by 2.2% during the 4th quarter. Gateway Investment Advisers LLC now owns 4,445 shares of the company’s stock valued at $700,000 after purchasing an additional 94 shares during the period. 97.02% of the stock is owned by hedge funds and other institutional investors.

Shares of AAP opened at $154.00 on Friday. The company has a current ratio of 1.57, a quick ratio of 0.44 and a debt-to-equity ratio of 0.29. Advance Auto Parts, Inc. has a 52 week low of $102.15 and a 52 week high of $186.15. The company has a market capitalization of $11.10 billion, a PE ratio of 21.60, a P/E/G ratio of 1.48 and a beta of 1.00.

Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings results on Tuesday, February 19th. The company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.03. Advance Auto Parts had a return on equity of 14.64% and a net margin of 4.42%. The firm had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.10 billion. During the same period in the previous year, the firm posted $0.77 EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, analysts forecast that Advance Auto Parts, Inc. will post 8.12 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Friday, March 22nd will be given a $0.06 dividend. The ex-dividend date is Thursday, March 21st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.16%. Advance Auto Parts’s dividend payout ratio is currently 3.37%.

A number of brokerages recently issued reports on AAP. Zacks Investment Research downgraded Advance Auto Parts from a “buy” rating to a “hold” rating in a report on Friday, November 16th. Barclays upgraded Advance Auto Parts from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $170.00 to $205.00 in a report on Monday, January 7th. Finally, Wells Fargo & Co reiterated a “hold” rating and set a $175.00 target price on shares of Advance Auto Parts in a report on Tuesday, February 19th. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $187.76.

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About Advance Auto Parts

Advance Auto Parts, Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories, belts and hoses, brakes and brake pads, chassis and climate control parts, clutches and drive shafts, engines and engine parts, exhaust systems and parts, hub assemblies, ignition components and wires, radiators and cooling parts, starters and alternators, and steering and alignment parts.

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

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