JBF Capital Inc. Takes Position in Advance Auto Parts, Inc. (NYSE:AAP)

JBF Capital Inc. acquired a new stake in Advance Auto Parts, Inc. (NYSE:AAP) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,000 shares of the company’s stock, valued at approximately $3,166,000. Advance Auto Parts accounts for about 0.5% of JBF Capital Inc.’s holdings, making the stock its 27th biggest position. JBF Capital Inc. owned about 0.08% of Advance Auto Parts at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Victory Capital Management Inc. lifted its holdings in Advance Auto Parts by 19.3% in the 4th quarter. Victory Capital Management Inc. now owns 12,519 shares of the company’s stock valued at $764,000 after acquiring an additional 2,027 shares during the last quarter. M&T Bank Corp bought a new stake in Advance Auto Parts during the fourth quarter worth approximately $228,000. Principal Securities Inc. acquired a new position in Advance Auto Parts in the fourth quarter worth approximately $27,000. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Advance Auto Parts by 19.2% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 6,741 shares of the company’s stock valued at $411,000 after buying an additional 1,086 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of Advance Auto Parts by 50.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 24,624 shares of the company’s stock valued at $1,503,000 after acquiring an additional 8,213 shares during the last quarter. Institutional investors own 88.75% of the company’s stock.

Advance Auto Parts Stock Performance

Shares of AAP opened at $41.45 on Friday. The company has a quick ratio of 0.30, a current ratio of 1.23 and a debt-to-equity ratio of 0.69. Advance Auto Parts, Inc. has a 12 month low of $37.51 and a 12 month high of $88.56. The company’s fifty day moving average is $55.34 and its 200-day moving average is $66.57. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 60.07, a price-to-earnings-growth ratio of 1.26 and a beta of 1.17.

Advance Auto Parts (NYSE:AAP) last posted its earnings results on Thursday, August 22nd. The company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.22). The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.67 billion. Advance Auto Parts had a net margin of 0.01% and a return on equity of 0.05%. Advance Auto Parts’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the business earned $1.43 earnings per share. Equities analysts expect that Advance Auto Parts, Inc. will post 2.19 EPS for the current fiscal year.

Advance Auto Parts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Friday, October 11th. Advance Auto Parts’s dividend payout ratio is 144.93%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AAP. TD Cowen cut their target price on Advance Auto Parts from $65.00 to $55.00 and set a “hold” rating on the stock in a research report on Friday, August 23rd. Royal Bank of Canada cut their price objective on Advance Auto Parts from $68.00 to $65.00 and set a “sector perform” rating on the stock in a report on Thursday, May 30th. UBS Group raised their target price on shares of Advance Auto Parts from $68.00 to $72.00 and gave the stock a “neutral” rating in a report on Tuesday, May 28th. StockNews.com upgraded shares of Advance Auto Parts from a “sell” rating to a “hold” rating in a research report on Thursday, May 30th. Finally, Wedbush reiterated a “neutral” rating and set a $55.00 price objective (down from $65.00) on shares of Advance Auto Parts in a research report on Friday, August 23rd. One research analyst has rated the stock with a sell rating and fourteen have given a hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $56.54.

About Advance Auto Parts

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.