Advance Auto Parts, Inc. $AAP Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lowered its position in Advance Auto Parts, Inc. (NYSE:AAP) by 14.5% in the third quarter, HoldingsChannel reports. The firm owned 676,503 shares of the company’s stock after selling 114,321 shares during the period. Segall Bryant & Hamill LLC’s holdings in Advance Auto Parts were worth $41,537,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Federated Hermes Inc. grew its stake in shares of Advance Auto Parts by 12.8% in the 3rd quarter. Federated Hermes Inc. now owns 2,694,027 shares of the company’s stock valued at $165,413,000 after buying an additional 306,702 shares during the period. State Street Corp raised its position in shares of Advance Auto Parts by 13.5% during the 2nd quarter. State Street Corp now owns 2,406,039 shares of the company’s stock valued at $111,857,000 after buying an additional 286,148 shares during the period. American Century Companies Inc. lifted its holdings in Advance Auto Parts by 559.0% in the third quarter. American Century Companies Inc. now owns 1,519,591 shares of the company’s stock valued at $93,303,000 after acquiring an additional 1,288,986 shares during the last quarter. Geode Capital Management LLC grew its position in Advance Auto Parts by 48.4% in the second quarter. Geode Capital Management LLC now owns 1,416,636 shares of the company’s stock worth $65,867,000 after acquiring an additional 461,761 shares during the period. Finally, Bank of America Corp DE increased its stake in Advance Auto Parts by 6.5% during the second quarter. Bank of America Corp DE now owns 947,754 shares of the company’s stock worth $44,061,000 after acquiring an additional 57,900 shares during the last quarter. 88.70% of the stock is owned by hedge funds and other institutional investors.

Advance Auto Parts Trading Down 0.2%

NYSE AAP opened at $53.07 on Tuesday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.87 and a current ratio of 1.75. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 72.70, a PEG ratio of 0.72 and a beta of 1.11. The firm has a 50 day simple moving average of $47.96 and a 200-day simple moving average of $52.10. 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 Friday, February 13th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.45. Advance Auto Parts had a net margin of 0.51% and a return on equity of 6.23%. The company had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period in the prior year, the business earned ($10.16) EPS. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.10 EPS. Equities research analysts anticipate that Advance Auto Parts, Inc. will post -0.46 EPS for the current fiscal year.

Advance Auto Parts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, April 10th will be issued a $0.25 dividend. The ex-dividend date is Friday, April 10th. 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 136.99%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. UBS Group reaffirmed a “neutral” rating on shares of Advance Auto Parts in a research note on Monday, February 9th. Royal Bank Of Canada upped their target price on shares of Advance Auto Parts from $57.00 to $63.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 17th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Advance Auto Parts in a research note on Wednesday, January 21st. Roth Mkm reissued a “neutral” rating and issued a $57.00 price target on shares of Advance Auto Parts in a research note on Thursday, February 19th. Finally, TD Cowen reaffirmed a “hold” rating on shares of Advance Auto Parts in a research report on Tuesday, February 17th. Two investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Advance Auto Parts has a consensus rating of “Reduce” and an average target price 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.