EntryPoint Capital LLC Buys New Holdings in Advance Auto Parts, Inc. $AAP

EntryPoint Capital LLC bought a new stake in Advance Auto Parts, Inc. (NYSE:AAP) in the 1st quarter, Holdings Channel.com reports. The firm bought 8,710 shares of the company’s stock, valued at approximately $342,000.

Several other hedge funds have also bought and sold shares of AAP. Mariner LLC acquired a new stake in Advance Auto Parts in the 4th quarter valued at about $263,000. First Trust Advisors LP raised its holdings in Advance Auto Parts by 193.6% in the 4th quarter. First Trust Advisors LP now owns 464,096 shares of the company’s stock valued at $21,947,000 after acquiring an additional 306,024 shares during the period. Dimensional Fund Advisors LP raised its holdings in Advance Auto Parts by 12.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,728,289 shares of the company’s stock valued at $129,016,000 after acquiring an additional 297,741 shares during the period. Stifel Financial Corp raised its holdings in Advance Auto Parts by 27.3% in the 4th quarter. Stifel Financial Corp now owns 13,760 shares of the company’s stock valued at $651,000 after acquiring an additional 2,955 shares during the period. Finally, Hsbc Holdings PLC bought a new position in Advance Auto Parts in the 4th quarter valued at about $407,000. 88.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on AAP. Wells Fargo & Company increased their price target on shares of Advance Auto Parts from $45.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, August 15th. UBS Group set a $65.00 price target on shares of Advance Auto Parts and gave the company a “neutral” rating in a report on Tuesday, August 12th. Redburn Atlantic raised shares of Advance Auto Parts from a “sell” rating to a “neutral” rating and increased their price target for the company from $28.00 to $45.00 in a report on Tuesday, June 3rd. Truist Financial increased their price target on shares of Advance Auto Parts from $51.00 to $53.00 and gave the company a “hold” rating in a report on Friday, August 15th. Finally, Citigroup set a $60.00 price target on shares of Advance Auto Parts in a report on Thursday, August 14th. One research analyst has rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $51.01.

Advance Auto Parts Stock Down 1.6%

NYSE AAP opened at $55.6770 on Friday. The company has a current ratio of 1.27, a quick ratio of 0.49 and a debt-to-equity ratio of 0.68. Advance Auto Parts, Inc. has a 1-year low of $28.89 and a 1-year high of $70.00. The company has a 50 day moving average of $55.50 and a 200-day moving average of $44.90. The company has a market cap of $3.34 billion, a price-to-earnings ratio of -8.74 and a beta of 1.05.

Advance Auto Parts (NYSE:AAP) last released its quarterly earnings results on Thursday, August 14th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.10. Advance Auto Parts had a negative net margin of 4.37% and a negative return on equity of 1.97%. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the previous year, the business earned $0.75 earnings per share. The firm’s quarterly revenue was down 7.7% on a year-over-year basis. Advance Auto Parts has set its FY 2025 guidance at 1.200-2.20 EPS. On average, equities research analysts expect that Advance Auto Parts, Inc. will post -0.46 earnings per share for the current fiscal year.

Advance Auto Parts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 10th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Friday, October 10th. Advance Auto Parts’s dividend payout ratio (DPR) is -15.70%.

Insider Transactions at Advance Auto Parts

In related news, SVP Jason Hand sold 948 shares of Advance Auto Parts stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $48.52, for a total value of $45,996.96. Following the transaction, the senior vice president directly owned 9,876 shares of the company’s stock, valued at $479,183.52. This trade represents a 8.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.35% of the stock is owned by company insiders.

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.