Fund 1 Investments LLC Acquires New Position in Advance Auto Parts, Inc. $AAP

Fund 1 Investments LLC acquired a new stake in Advance Auto Parts, Inc. (NYSE:AAP) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 208,924 shares of the company’s stock, valued at approximately $12,999,000. Advance Auto Parts comprises about 2.2% of Fund 1 Investments LLC’s portfolio, making the stock its 15th largest position.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of Advance Auto Parts in the second quarter valued at approximately $581,909,000. Pzena Investment Management LLC acquired a new stake in shares of Advance Auto Parts in the second quarter valued at approximately $273,115,000. Price T Rowe Associates Inc. MD lifted its position in Advance Auto Parts by 18.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,474,546 shares of the company’s stock worth $293,751,000 after buying an additional 1,190,094 shares in the last quarter. Maple Rock Capital Partners Inc. lifted its position in Advance Auto Parts by 508.2% during the third quarter. Maple Rock Capital Partners Inc. now owns 951,790 shares of the company’s stock worth $58,440,000 after buying an additional 795,290 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new position in Advance Auto Parts during the third quarter worth $33,610,000. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Advance Auto Parts Stock Performance

Shares of Advance Auto Parts stock opened at $44.12 on Thursday. Advance Auto Parts, Inc. has a 52 week low of $37.89 and a 52 week high of $65.21. The business’s fifty day simple moving average is $55.61 and its 200-day simple moving average is $55.20. The firm has a market cap of $2.66 billion, a PE ratio of 32.20, a price-to-earnings-growth ratio of 0.70 and a beta of 1.03. The company has a quick ratio of 0.85, a current ratio of 1.75 and a debt-to-equity ratio of 1.50.

Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings data on Thursday, August 20th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.22. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.04 billion. Advance Auto Parts had a return on equity of 9.84% and a net margin of 0.97%.The company’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the company earned $0.69 EPS. Advance Auto Parts has set its FY 2026 guidance at 2.600-3.300 EPS. Equities analysts forecast that Advance Auto Parts, Inc. will post 2.97 earnings per share for the current year.

Advance Auto Parts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Friday, October 9th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, October 9th. Advance Auto Parts’s dividend payout ratio (DPR) is 72.99%.

Analysts Set New Price Targets

A number of brokerages have issued reports on AAP. Royal Bank Of Canada cut their target price on Advance Auto Parts from $67.00 to $52.00 and set a “sector perform” rating for the company in a research note on Friday, August 21st. Barclays lowered their price target on shares of Advance Auto Parts from $59.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Friday, August 21st. UBS Group dropped their price objective on shares of Advance Auto Parts from $65.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, August 21st. Citigroup cut their price objective on shares of Advance Auto Parts from $57.00 to $45.00 and set a “neutral” rating for the company in a research report on Friday, August 21st. Finally, Truist Financial set a $43.00 target price on shares of Advance Auto Parts and gave the stock a “hold” rating in a research note on Thursday, August 20th. Two analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Advance Auto Parts has an average rating of “Hold” and a consensus target price of $50.80.

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.