Advance Auto Parts, Inc. $AAP Shares Acquired by CSM Advisors LLC

CSM Advisors LLC increased its position in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 71.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 89,867 shares of the company’s stock after buying an additional 37,486 shares during the quarter. CSM Advisors LLC owned about 0.15% of Advance Auto Parts worth $5,517,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AAP. Salomon & Ludwin LLC acquired a new stake in Advance Auto Parts during the third quarter worth $26,000. AlphaCore Capital LLC lifted its stake in shares of Advance Auto Parts by 6,288.9% in the 3rd quarter. AlphaCore Capital LLC now owns 575 shares of the company’s stock valued at $35,000 after purchasing an additional 566 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Advance Auto Parts by 198.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 751 shares of the company’s stock valued at $46,000 after purchasing an additional 499 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new position in shares of Advance Auto Parts during the 3rd quarter worth $52,000. Finally, Westfuller Advisors LLC purchased a new position in shares of Advance Auto Parts during the 3rd quarter worth $56,000. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AAP. Royal Bank Of Canada boosted their price objective on shares of Advance Auto Parts from $57.00 to $63.00 and gave the company a “sector perform” rating in a report on Tuesday, February 17th. Roth Mkm reaffirmed a “neutral” rating and set a $57.00 target price on shares of Advance Auto Parts in a research note on Thursday, February 19th. BMO Capital Markets lifted their price target on shares of Advance Auto Parts from $55.00 to $60.00 and gave the company a “market perform” rating in a research report on Tuesday, February 17th. DA Davidson set a $58.00 price objective on shares of Advance Auto Parts in a report on Tuesday, February 17th. Finally, Evercore set a $60.00 price objective on shares of Advance Auto Parts in a research report on Wednesday, February 11th. Two investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Advance Auto Parts currently has a consensus rating of “Reduce” and an average price target of $52.93.

Advance Auto Parts Stock Down 1.8%

Shares of NYSE:AAP opened at $51.73 on Monday. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.75 and a quick ratio of 0.87. The firm has a market capitalization of $3.11 billion, a PE ratio of 70.87, a price-to-earnings-growth ratio of 0.69 and a beta of 1.11. The firm’s 50-day moving average is $50.07 and its two-hundred day moving average is $51.70. Advance Auto Parts, Inc. has a 1 year low of $28.89 and a 1 year high of $70.00.

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

Advance Auto Parts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, April 10th will be paid a $0.25 dividend. The ex-dividend date is Friday, April 10th. This represents a $1.00 annualized dividend and a dividend yield of 1.9%. Advance Auto Parts’s payout ratio is 136.99%.

Advance Auto Parts Profile

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.