Candriam Luxembourg S.C.A. Has $442,000 Position in Advance Auto Parts, Inc. (NYSE:AAP)
Candriam Luxembourg S.C.A. lessened its stake in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 46.8% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 3,105 shares of the company’s stock after selling 2,733 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Advance Auto Parts were worth $442,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Heritage Wealth Advisors lifted its stake in shares of Advance Auto Parts by 100.0% during the 1st quarter. Heritage Wealth Advisors now owns 300 shares of the company’s stock worth $28,000 after buying an additional 150 shares during the last quarter. Harwood Advisory Group LLC acquired a new stake in shares of Advance Auto Parts during the 1st quarter worth about $35,000. Eudaimonia Partners LLC acquired a new stake in shares of Advance Auto Parts during the 1st quarter worth about $37,000. Winslow Evans & Crocker Inc. acquired a new stake in shares of Advance Auto Parts during the 2nd quarter worth about $71,000. Finally, CSat Investment Advisory L.P. lifted its stake in shares of Advance Auto Parts by 42.7% during the 1st quarter. CSat Investment Advisory L.P. now owns 521 shares of the company’s stock worth $49,000 after buying an additional 156 shares during the last quarter. Institutional investors own 96.82% of the company’s stock.
AAP has been the subject of a number of research reports. Cfra cut their target price on shares of Advance Auto Parts from $155.00 to $135.00 and set a “hold” rating for the company in a research note on Tuesday, May 19th. Oppenheimer reiterated a “hold” rating on shares of Advance Auto Parts in a research note on Tuesday, May 19th. Nomura Securities reiterated a “hold” rating and issued a $107.00 price objective (down previously from $115.00) on shares of Advance Auto Parts in a research note on Monday, April 13th. Nomura lifted their price objective on shares of Advance Auto Parts from $107.00 to $130.00 in a research note on Wednesday, May 20th. Finally, Jefferies Financial Group lifted their price objective on shares of Advance Auto Parts from $151.00 to $157.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $144.05.
Advance Auto Parts (NYSE:AAP) last released its earnings results on Tuesday, May 19th. The company reported $0.91 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.84). Advance Auto Parts had a net margin of 4.10% and a return on equity of 13.20%. The firm had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.68 billion. During the same period in the prior year, the business earned $2.46 earnings per share. Advance Auto Parts’s quarterly revenue was down 8.6% compared to the same quarter last year. Equities analysts predict that Advance Auto Parts, Inc. will post 6.45 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 3rd. Investors of record on Saturday, June 13th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Thursday, June 11th. Advance Auto Parts’s dividend payout ratio (DPR) is presently 12.21%.
In related news, CAO Andrew E. Page sold 720 shares of Advance Auto Parts stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $141.38, for a total transaction of $101,793.60. Following the sale, the chief accounting officer now directly owns 7,008 shares of the company’s stock, valued at approximately $990,791.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.10% of the company’s stock.
Advance Auto Parts Company 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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