Advance Auto Parts, Inc. $AAP Shares Acquired by Atom Investors LP

Atom Investors LP boosted its holdings in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 98.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 150,108 shares of the company’s stock after purchasing an additional 74,580 shares during the period. Atom Investors LP’s holdings in Advance Auto Parts were worth $5,899,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AAP. Caitong International Asset Management Co. Ltd acquired a new stake in Advance Auto Parts during the third quarter valued at approximately $31,000. AlphaCore Capital LLC lifted its stake in Advance Auto Parts by 6,288.9% during the third 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. Hantz Financial Services Inc. lifted its position in shares of Advance Auto Parts by 184.5% in the 4th quarter. Hantz Financial Services Inc. now owns 919 shares of the company’s stock valued at $36,000 after acquiring an additional 596 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Advance Auto Parts by 290.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 925 shares of the company’s stock valued at $43,000 after acquiring an additional 688 shares in the last quarter. Finally, Leonteq Securities AG purchased a new stake in shares of Advance Auto Parts in the 4th quarter valued at approximately $55,000. 88.70% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AAP shares. Deutsche Bank Aktiengesellschaft upgraded shares of Advance Auto Parts to a “buy” rating in a research report on Friday, May 22nd. JPMorgan Chase & Co. reduced their price target on shares of Advance Auto Parts from $64.00 to $59.00 and set a “neutral” rating for the company in a research report on Friday, May 15th. UBS Group upped their price target on shares of Advance Auto Parts from $60.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. Mizuho upped their price target on shares of Advance Auto Parts from $54.00 to $58.00 and gave the company a “neutral” rating in a research report on Tuesday, May 26th. Finally, Citigroup upped their price target on shares of Advance Auto Parts from $57.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. Two analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $58.66.

Advance Auto Parts Stock Performance

Shares of AAP opened at $60.40 on Wednesday. The company’s fifty day moving average is $56.43 and its 200-day moving average is $51.52. Advance Auto Parts, Inc. has a 12 month low of $37.89 and a 12 month high of $70.00. The firm has a market cap of $3.64 billion, a price-to-earnings ratio of 83.89, a price-to-earnings-growth ratio of 1.01 and a beta of 1.05. The company has a quick ratio of 0.85, a current ratio of 1.78 and a debt-to-equity ratio of 1.54.

Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings results on Thursday, May 21st. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.39 by $0.38. Advance Auto Parts had a net margin of 0.51% and a return on equity of 8.95%. The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the prior year, the business posted $0.40 EPS. Advance Auto Parts’s quarterly revenue was up 1.2% on a year-over-year basis. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS. Equities analysts expect that Advance Auto Parts, Inc. will post 2.94 EPS for the current fiscal year.

Advance Auto Parts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, July 10th. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. Advance Auto Parts’s dividend payout ratio is 138.89%.

Advance Auto Parts Company 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.