Nissay Asset Management Corp Japan ADV grew its stake in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,018 shares of the company’s stock after buying an additional 138 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Advance Auto Parts were worth $1,105,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Wolff Wiese Magana LLC bought a new position in shares of Advance Auto Parts during the fourth quarter valued at about $27,000. Exchange Traded Concepts LLC grew its stake in shares of Advance Auto Parts by 239.5% in the third quarter. Exchange Traded Concepts LLC now owns 275 shares of the company’s stock worth $42,000 after purchasing an additional 194 shares during the last quarter. Carroll Financial Associates Inc. bought a new stake in shares of Advance Auto Parts in the fourth quarter worth about $45,000. Harbor Investment Advisory LLC grew its stake in shares of Advance Auto Parts by 95.1% in the third quarter. Harbor Investment Advisory LLC now owns 359 shares of the company’s stock worth $55,000 after purchasing an additional 175 shares during the last quarter. Finally, CWM LLC grew its stake in shares of Advance Auto Parts by 59.5% in the third quarter. CWM LLC now owns 453 shares of the company’s stock worth $70,000 after purchasing an additional 169 shares during the last quarter. 93.86% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently issued reports on AAP. Morgan Stanley raised their target price on Advance Auto Parts from $148.00 to $190.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 11th. The Goldman Sachs Group raised their price objective on shares of Advance Auto Parts from $142.00 to $157.00 and gave the stock a “sell” rating in a report on Tuesday, February 16th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $152.64.
Advance Auto Parts (NYSE:AAP) last released its quarterly earnings data on Monday, February 15th. The company reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.97 by ($0.10). Advance Auto Parts had a net margin of 4.84% and a return on equity of 15.75%. During the same period in the prior year, the firm earned $1.64 earnings per share. On average, equities analysts anticipate that Advance Auto Parts, Inc. will post 8.57 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 2nd. Investors of record on Friday, March 19th will be given a $0.25 dividend. The ex-dividend date is Thursday, March 18th. This represents a $1.00 annualized dividend and a yield of 0.60%. Advance Auto Parts’s dividend payout ratio (DPR) is presently 12.21%.
Advance Auto Parts Profile
Advance Auto Parts, Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company 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.
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