Advance Auto Parts, Inc. (AAP) Position Raised by Amundi Pioneer Asset Management Inc.

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Amundi Pioneer Asset Management Inc. boosted its stake in Advance Auto Parts, Inc. (NYSE:AAP) by 66.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 94,799 shares of the company’s stock after purchasing an additional 37,822 shares during the quarter. Amundi Pioneer Asset Management Inc. owned about 0.13% of Advance Auto Parts worth $11,239,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. California State Teachers Retirement System increased its holdings in Advance Auto Parts by 0.4% in the fourth quarter. California State Teachers Retirement System now owns 124,381 shares of the company’s stock valued at $12,400,000 after purchasing an additional 507 shares during the last quarter. First Republic Investment Management Inc. increased its holdings in Advance Auto Parts by 23.8% in the first quarter. First Republic Investment Management Inc. now owns 2,641 shares of the company’s stock valued at $313,000 after purchasing an additional 507 shares during the last quarter. Haverford Trust Co. increased its holdings in Advance Auto Parts by 26.0% in the first quarter. Haverford Trust Co. now owns 2,665 shares of the company’s stock valued at $316,000 after purchasing an additional 550 shares during the last quarter. Assetmark Inc. increased its holdings in Advance Auto Parts by 71.6% in the fourth quarter. Assetmark Inc. now owns 1,488 shares of the company’s stock valued at $148,000 after purchasing an additional 621 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in Advance Auto Parts by 0.5% in the fourth quarter. Rhumbline Advisers now owns 135,847 shares of the company’s stock valued at $13,543,000 after purchasing an additional 677 shares during the last quarter.

Advance Auto Parts opened at $137.27 on Tuesday, Marketbeat.com reports. The company has a quick ratio of 0.40, a current ratio of 1.61 and a debt-to-equity ratio of 0.29. The stock has a market cap of $10.28 billion, a PE ratio of 25.56, a PEG ratio of 1.87 and a beta of 1.09. Advance Auto Parts, Inc. has a fifty-two week low of $78.81 and a fifty-two week high of $143.42.

Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings data on Tuesday, May 22nd. The company reported $2.10 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.13. The company had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.91 billion. Advance Auto Parts had a return on equity of 13.09% and a net margin of 5.39%. Advance Auto Parts’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.60 earnings per share. equities research analysts anticipate that Advance Auto Parts, Inc. will post 6.78 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 6th. Stockholders of record on Friday, June 22nd will be given a dividend of $0.06 per share. The ex-dividend date is Thursday, June 21st. This represents a $0.24 annualized dividend and a dividend yield of 0.17%. Advance Auto Parts’s dividend payout ratio is currently 4.47%.

A number of equities research analysts recently commented on the company. TheStreet upgraded Advance Auto Parts from a “c+” rating to a “b-” rating in a report on Friday, June 1st. ValuEngine downgraded Advance Auto Parts from a “hold” rating to a “sell” rating in a report on Tuesday, May 22nd. UBS Group reiterated a “buy” rating and issued a $160.00 price objective on shares of Advance Auto Parts in a report on Friday. Zacks Investment Research downgraded Advance Auto Parts from a “buy” rating to a “hold” rating in a report on Monday, February 26th. Finally, JPMorgan Chase & Co. upped their price objective on Advance Auto Parts from $138.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, May 23rd. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $120.33.

Advance Auto Parts Company Profile

Advance Auto Parts, Inc provides automotive replacement parts, batteries, accessories, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. It offers battery accessories, belts and hoses, brakes and brake pads, chassis and climate control parts, clutches and drive shafts, engines and engine parts, exhaust systems and parts, hub assemblies, ignition components and wires, radiators and cooling parts, starters and alternators, and steering and alignment parts.

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

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