Advance Auto Parts, Inc. (AAP) Shares Bought by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 98.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 332,091 shares of the company’s stock after purchasing an additional 164,991 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.45% of Advance Auto Parts worth $33,106,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of AAP. BlackRock Inc. lifted its holdings in shares of Advance Auto Parts by 1.2% during the 4th quarter. BlackRock Inc. now owns 4,497,944 shares of the company’s stock worth $448,399,000 after acquiring an additional 51,390 shares during the period. Schroder Investment Management Group lifted its holdings in Advance Auto Parts by 19.0% during the 4th quarter. Schroder Investment Management Group now owns 1,426,504 shares of the company’s stock valued at $142,208,000 after purchasing an additional 227,425 shares during the last quarter. Bank of New York Mellon Corp increased its position in Advance Auto Parts by 7.4% in the 4th quarter. Bank of New York Mellon Corp now owns 586,933 shares of the company’s stock valued at $58,511,000 after acquiring an additional 40,460 shares in the last quarter. Advanced Asset Management Advisors Inc acquired a new stake in Advance Auto Parts in the 4th quarter valued at about $698,000. Finally, Rhumbline Advisers increased its position in Advance Auto Parts by 0.5% in the 4th quarter. Rhumbline Advisers now owns 135,847 shares of the company’s stock valued at $13,543,000 after acquiring an additional 677 shares in the last quarter.

Advance Auto Parts, Inc. (AAP) traded down $1.94 during midday trading on Wednesday, reaching $117.06. 681,877 shares of the company traded hands, compared to its average volume of 1,454,926. Advance Auto Parts, Inc. has a twelve month low of $78.81 and a twelve month high of $154.23. The company has a current ratio of 1.56, a quick ratio of 0.36 and a debt-to-equity ratio of 0.31. The firm has a market cap of $8,759.75, a P/E ratio of 18.23, a P/E/G ratio of 1.52 and a beta of 1.12.

Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.12. Advance Auto Parts had a return on equity of 12.45% and a net margin of 5.07%. The business had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period last year, the business earned $1.00 EPS. The business’s revenue was down 2.2% on a year-over-year basis. sell-side analysts anticipate that Advance Auto Parts, Inc. will post 6.71 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 6th. Investors of record on Friday, March 23rd will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.21%. The ex-dividend date of this dividend is Thursday, March 22nd. Advance Auto Parts’s dividend payout ratio (DPR) is currently 3.74%.

In other news, EVP Tammy M. Finley sold 342 shares of the business’s stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $116.35, for a total transaction of $39,791.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John C. Brouillard sold 1,745 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $116.08, for a total value of $202,559.60. The disclosure for this sale can be found here. Company insiders own 4.10% of the company’s stock.

Several equities research analysts have recently commented on the stock. Barclays reiterated an “equal weight” rating and set a $114.00 price target (up previously from $105.00) on shares of Advance Auto Parts in a research report on Thursday, February 22nd. Stephens set a $108.00 price target on shares of Advance Auto Parts and gave the company a “hold” rating in a research note on Tuesday, January 16th. Wedbush reissued a “buy” rating and issued a $130.00 price objective (up previously from $115.00) on shares of Advance Auto Parts in a research report on Thursday, February 22nd. Jefferies Group cut their price objective on shares of Advance Auto Parts from $130.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $125.00 price target (up from $100.00) on shares of Advance Auto Parts in a research report on Thursday, February 22nd. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company’s stock. Advance Auto Parts presently has an average rating of “Hold” and a consensus price target of $112.14.

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About Advance Auto Parts

Advance Auto Parts, Inc provides automotive aftermarket parts in North America, serving do-it-for-me (Professional) and do-it-yourself (DIY), customers. The Company’s stores and branches offer a selection of brand name, original equipment manufacturer (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks.

Institutional Ownership by Quarter for Advance Auto Parts (NYSE:AAP)

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