UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stake in Advance Auto Parts, Inc. $AAP

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in Advance Auto Parts, Inc. (NYSE:AAP) by 13.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,474 shares of the company’s stock after selling 21,940 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.23% of Advance Auto Parts worth $8,616,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Hsbc Holdings PLC grew its holdings in shares of Advance Auto Parts by 4.7% during the second quarter. Hsbc Holdings PLC now owns 7,879 shares of the company’s stock valued at $490,000 after buying an additional 355 shares during the last quarter. Empowered Funds LLC purchased a new position in Advance Auto Parts in the 2nd quarter worth approximately $3,527,000. Corient Private Wealth LP purchased a new position in Advance Auto Parts in the 2nd quarter worth approximately $529,000. Bank of America Corp DE bought a new position in Advance Auto Parts in the 2nd quarter valued at approximately $59,626,000. Finally, Fund 1 Investments LLC bought a new position in Advance Auto Parts in the 2nd quarter valued at approximately $12,999,000. 88.70% of the stock is owned by hedge funds and other institutional investors.

Advance Auto Parts Price Performance

Shares of NYSE:AAP opened at $44.17 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 1.75 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $2.67 billion, a PE ratio of 32.24, a price-to-earnings-growth ratio of 0.71 and a beta of 1.01. The firm’s 50 day moving average price is $53.08 and its 200-day moving average price is $54.40. Advance Auto Parts, Inc. has a twelve month low of $37.89 and a twelve month high of $65.21.

Advance Auto Parts (NYSE:AAP) last announced its earnings results on Thursday, August 20th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.22. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $2.04 billion. Advance Auto Parts had a net margin of 0.97% and a return on equity of 9.84%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.69 earnings per share. Advance Auto Parts has set its FY 2026 guidance at 2.600-3.300 EPS. Equities research analysts expect that Advance Auto Parts, Inc. will post 2.98 EPS 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. Investors of record on Friday, October 9th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, October 9th. This represents a $1.00 annualized dividend and a yield of 2.3%. Advance Auto Parts’s payout ratio is 72.99%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AAP shares. Mizuho lifted their price objective on Advance Auto Parts from $54.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, May 26th. Truist Financial set a $43.00 price objective on shares of Advance Auto Parts and gave the company a “hold” rating in a report on Thursday, August 20th. Wells Fargo & Company lowered their price objective on shares of Advance Auto Parts from $60.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Friday, August 21st. Roth Capital set a $48.00 target price on shares of Advance Auto Parts in a report on Friday, August 21st. Finally, Morgan Stanley decreased their target price on shares of Advance Auto Parts from $65.00 to $52.00 and set an “equal weight” rating for the company in a research note on Friday, August 21st. Two analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $50.19.

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.