Swiss National Bank trimmed its holdings in Advance Auto Parts, Inc. (NYSE:AAP) by 3.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 234,118 shares of the company’s stock after selling 9,300 shares during the period. Swiss National Bank’s holdings in Advance Auto Parts were worth $36,087,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. American Century Companies Inc. lifted its position in shares of Advance Auto Parts by 26.7% in the first quarter. American Century Companies Inc. now owns 1,454,058 shares of the company’s stock valued at $247,961,000 after acquiring an additional 306,824 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Advance Auto Parts by 228.9% in the first quarter. Clearbridge Investments LLC now owns 1,398,815 shares of the company’s stock valued at $238,540,000 after acquiring an additional 973,543 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Advance Auto Parts by 114.3% in the first quarter. JPMorgan Chase & Co. now owns 1,209,134 shares of the company’s stock valued at $206,194,000 after acquiring an additional 644,911 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Advance Auto Parts by 14.2% in the fourth quarter. Geode Capital Management LLC now owns 994,692 shares of the company’s stock valued at $156,363,000 after acquiring an additional 124,055 shares in the last quarter. Finally, Allen Investment Management LLC lifted its position in shares of Advance Auto Parts by 10.5% in the first quarter. Allen Investment Management LLC now owns 979,535 shares of the company’s stock valued at $167,040,000 after acquiring an additional 92,936 shares in the last quarter. Institutional investors and hedge funds own 97.97% of the company’s stock.

Shares of NYSE:AAP traded down $0.37 during mid-day trading on Wednesday, reaching $135.01. The stock had a trading volume of 17,643 shares, compared to its average volume of 1,559,283. The company has a current ratio of 1.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.76. The company has a market cap of $9.74 billion, a P/E ratio of 18.94, a price-to-earnings-growth ratio of 1.48 and a beta of 0.87. Advance Auto Parts, Inc. has a 1 year low of $130.09 and a 1 year high of $186.15. The business’s 50 day moving average price is $150.92 and its 200 day moving average price is $159.41.

Advance Auto Parts (NYSE:AAP) last posted its earnings results on Tuesday, August 13th. The company reported $2.00 EPS for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.22). The firm had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Advance Auto Parts had a return on equity of 15.16% and a net margin of 4.52%. Advance Auto Parts’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.97 earnings per share. Analysts predict that Advance Auto Parts, Inc. will post 7.98 earnings per share for the current fiscal year.

Several equities analysts have recently commented on AAP shares. Royal Bank of Canada lowered their price objective on Advance Auto Parts to $178.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 14th. Guggenheim downgraded Advance Auto Parts from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 14th. Citigroup restated a “hold” rating and issued a $156.00 price objective (down from $182.00) on shares of Advance Auto Parts in a research report on Wednesday, August 14th. Morgan Stanley lowered their price objective on Advance Auto Parts from $205.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 14th. Finally, Wells Fargo & Co restated a “hold” rating and issued a $175.00 price objective on shares of Advance Auto Parts in a research report on Wednesday, May 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $183.38.

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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