VestGen Advisors LLC Purchases New Position in Advance Auto Parts, Inc. $AAP

VestGen Advisors LLC acquired a new stake in shares of Advance Auto Parts, Inc. (NYSE:AAP) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 43,444 shares of the company’s stock, valued at approximately $2,020,000. VestGen Advisors LLC owned 0.07% of Advance Auto Parts as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC increased its position in shares of Advance Auto Parts by 48.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,416,636 shares of the company’s stock valued at $65,867,000 after buying an additional 461,761 shares in the last quarter. Invenomic Capital Management LP grew its stake in Advance Auto Parts by 281.2% in the first quarter. Invenomic Capital Management LP now owns 600,895 shares of the company’s stock valued at $23,561,000 after acquiring an additional 443,251 shares during the period. Jump Financial LLC bought a new stake in shares of Advance Auto Parts in the first quarter worth about $15,882,000. Estuary Capital Management LP raised its position in shares of Advance Auto Parts by 31.7% during the first quarter. Estuary Capital Management LP now owns 1,258,270 shares of the company’s stock worth $49,337,000 after purchasing an additional 303,153 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Advance Auto Parts by 327.7% during the first quarter. Goldman Sachs Group Inc. now owns 362,918 shares of the company’s stock worth $14,230,000 after purchasing an additional 278,066 shares during the period. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Advance Auto Parts Trading Up 0.8%

Advance Auto Parts stock opened at $51.88 on Monday. The company has a market cap of $3.11 billion, a price-to-earnings ratio of -8.14 and a beta of 1.06. The firm has a 50-day moving average of $53.73 and a 200-day moving average of $54.32. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.27 and a quick ratio of 0.49. Advance Auto Parts, Inc. has a one year low of $28.89 and a one year high of $70.00.

Advance Auto Parts (NYSE:AAP) last released its earnings results on Thursday, October 30th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.18. Advance Auto Parts had a negative return on equity of 1.97% and a negative net margin of 4.37%.The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the prior year, the company posted ($0.04) earnings per share. Advance Auto Parts’s revenue was down 5.2% on a year-over-year basis. Advance Auto Parts has set its FY 2025 guidance at 1.750-1.850 EPS. On average, equities 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 firm also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Friday, January 9th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, January 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.9%. Advance Auto Parts’s dividend payout ratio (DPR) is presently -15.90%.

Analysts Set New Price Targets

AAP has been the topic of several research analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Advance Auto Parts in a report on Wednesday, October 8th. Evercore ISI raised their price objective on shares of Advance Auto Parts from $56.00 to $58.00 and gave the stock an “in-line” rating in a report on Tuesday, August 12th. Wall Street Zen raised shares of Advance Auto Parts from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th. BMO Capital Markets reiterated a “market perform” rating and set a $55.00 target price on shares of Advance Auto Parts in a report on Friday, October 31st. Finally, DA Davidson dropped their price target on Advance Auto Parts from $63.00 to $55.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. One research analyst has rated the stock with a Buy rating, twenty have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $51.78.

Insiders Place Their Bets

In other Advance Auto Parts news, EVP Kristen L. Soler sold 7,662 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $51.00, for a total value of $390,762.00. Following the sale, the executive vice president owned 23,165 shares in the company, valued at $1,181,415. This represents a 24.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.35% of the stock is currently 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.