Advance Auto Parts, Inc. $AAP Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lessened its holdings in Advance Auto Parts, Inc. (NYSE:AAP) by 10.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 508,007 shares of the company’s stock after selling 56,218 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Advance Auto Parts were worth $31,192,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Amalgamated Bank grew its holdings in Advance Auto Parts by 1.1% during the 3rd quarter. Amalgamated Bank now owns 17,270 shares of the company’s stock worth $1,060,000 after acquiring an additional 185 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of Advance Auto Parts by 3.1% in the 2nd quarter. Hsbc Holdings PLC now owns 6,306 shares of the company’s stock valued at $293,000 after purchasing an additional 191 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Advance Auto Parts by 1.6% in the 3rd quarter. Arizona State Retirement System now owns 17,733 shares of the company’s stock valued at $1,089,000 after purchasing an additional 272 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Advance Auto Parts by 2.0% during the second quarter. Rockefeller Capital Management L.P. now owns 14,535 shares of the company’s stock worth $676,000 after purchasing an additional 283 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Advance Auto Parts by 0.6% during the third quarter. Envestnet Asset Management Inc. now owns 54,237 shares of the company’s stock worth $3,330,000 after purchasing an additional 297 shares during the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Advance Auto Parts Price Performance

AAP opened at $50.20 on Friday. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 68.77, a price-to-earnings-growth ratio of 0.68 and a beta of 1.11. Advance Auto Parts, Inc. has a fifty-two week low of $28.89 and a fifty-two week high of $70.00. The company’s 50-day moving average price is $48.80 and its 200 day moving average price is $52.00. The company has a quick ratio of 0.87, a current ratio of 1.75 and a debt-to-equity ratio of 1.55.

Advance Auto Parts (NYSE:AAP) last issued its earnings results on Friday, February 13th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.45. The company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.95 billion. Advance Auto Parts had a return on equity of 6.23% and a net margin of 0.51%.Advance Auto Parts’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($10.16) earnings per share. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.10 EPS. As a group, sell-side analysts expect that Advance Auto Parts, Inc. will post -0.46 earnings per share for the current year.

Advance Auto Parts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, April 10th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, April 10th. This represents a $1.00 dividend on an annualized basis and a yield of 2.0%. Advance Auto Parts’s payout ratio is currently 136.99%.

Analysts Set New Price Targets

Several brokerages recently weighed in on AAP. DA Davidson set a $58.00 price objective on Advance Auto Parts in a report on Tuesday, February 17th. Wells Fargo & Company increased their target price on Advance Auto Parts from $40.00 to $50.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 11th. Evercore set a $60.00 target price on Advance Auto Parts in a research report on Wednesday, February 11th. Royal Bank Of Canada boosted their price target on Advance Auto Parts from $57.00 to $63.00 and gave the company a “sector perform” rating in a report on Tuesday, February 17th. Finally, Morgan Stanley set a $60.00 price target on Advance Auto Parts in a research report on Tuesday, February 17th. Two equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $52.93.

About Advance Auto Parts

Advance Auto Parts, Inc (NYSE: AAP) is a leading distributor of automotive aftermarket parts, accessories, and maintenance items. The company operates a network of stores and distribution centers across North America, serving both do-it-yourself (DIY) customers and professional service providers. Advance Auto Parts focuses on offering a comprehensive selection of replacement parts, batteries, engine components, and performance products for cars and light trucks.

The company’s product portfolio includes engine oils and lubricants, cooling system components, brake and suspension parts, filters, belts, hoses, and diagnostic tools.