Carillon Tower Advisers Inc. lowered its stake in Advance Auto Parts, Inc. (NYSE:AAP) by 2.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,200 shares of the company’s stock after selling 600 shares during the period. Carillon Tower Advisers Inc.’s holdings in Advance Auto Parts were worth $3,341,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Doyle Wealth Management acquired a new stake in shares of Advance Auto Parts in the second quarter valued at approximately $31,000. Berman Capital Advisors LLC increased its holdings in shares of Advance Auto Parts by 172.8% in the second quarter. Berman Capital Advisors LLC now owns 221 shares of the company’s stock valued at $33,000 after purchasing an additional 140 shares in the last quarter. Citizens Financial Group Inc RI increased its holdings in shares of Advance Auto Parts by 466.7% in the second quarter. Citizens Financial Group Inc RI now owns 221 shares of the company’s stock valued at $34,000 after purchasing an additional 182 shares in the last quarter. Avestar Capital LLC increased its holdings in shares of Advance Auto Parts by 625.0% in the second quarter. Avestar Capital LLC now owns 406 shares of the company’s stock valued at $42,000 after purchasing an additional 350 shares in the last quarter. Finally, CSat Investment Advisory L.P. increased its holdings in shares of Advance Auto Parts by 66.9% in the second quarter. CSat Investment Advisory L.P. now owns 292 shares of the company’s stock valued at $45,000 after purchasing an additional 117 shares in the last quarter. 99.01% of the stock is owned by institutional investors and hedge funds.

A number of analysts have commented on AAP shares. Evercore ISI reaffirmed a “buy” rating on shares of Advance Auto Parts in a report on Tuesday, August 13th. Credit Suisse Group lowered their target price on shares of Advance Auto Parts from $195.00 to $162.00 and set an “outperform” rating for the company in a report on Wednesday, August 14th. Nomura reaffirmed a “hold” rating and set a $160.00 target price on shares of Advance Auto Parts in a report on Wednesday. JPMorgan Chase & Co. set a $222.00 target price on shares of Advance Auto Parts and gave the stock a “buy” rating in a report on Monday, August 12th. Finally, Morgan Stanley set a $185.00 target price on shares of Advance Auto Parts and gave the stock a “buy” rating in a report on Tuesday, September 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $181.53.

Shares of AAP stock opened at $158.58 on Thursday. Advance Auto Parts, Inc. has a 12-month low of $130.09 and a 12-month high of $186.15. The firm has a market capitalization of $11.95 billion, a price-to-earnings ratio of 22.24, a price-to-earnings-growth ratio of 1.83 and a beta of 0.84. The company has a quick ratio of 0.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.76. The firm has a fifty day moving average of $162.77 and a 200-day moving average of $155.29.

Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.05. Advance Auto Parts had a net margin of 4.52% and a return on equity of 15.16%. The company had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the previous year, the business earned $1.89 EPS. The firm’s revenue was up 1.6% on a year-over-year basis. Research analysts expect that Advance Auto Parts, Inc. will post 7.92 earnings per share for the current year.

Advance Auto Parts Profile

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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