Mattern Capital Management LLC Acquires 3,502 Shares of Advance Auto Parts, Inc. (NYSE:AAP)

Mattern Capital Management LLC lifted its holdings in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 45.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,256 shares of the company’s stock after purchasing an additional 3,502 shares during the quarter. Mattern Capital Management LLC’s holdings in Advance Auto Parts were worth $532,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. CIBC Asset Management Inc increased its holdings in shares of Advance Auto Parts by 3.9% during the fourth quarter. CIBC Asset Management Inc now owns 5,865 shares of the company’s stock worth $277,000 after purchasing an additional 221 shares during the period. Yousif Capital Management LLC increased its holdings in shares of Advance Auto Parts by 1.1% during the fourth quarter. Yousif Capital Management LLC now owns 26,258 shares of the company’s stock worth $1,242,000 after purchasing an additional 281 shares during the period. Ingalls & Snyder LLC increased its holdings in shares of Advance Auto Parts by 5.0% during the fourth quarter. Ingalls & Snyder LLC now owns 6,680 shares of the company’s stock worth $316,000 after purchasing an additional 317 shares during the period. Versant Capital Management Inc increased its holdings in shares of Advance Auto Parts by 207.4% during the fourth quarter. Versant Capital Management Inc now owns 541 shares of the company’s stock worth $26,000 after purchasing an additional 365 shares during the period. Finally, KBC Group NV increased its holdings in shares of Advance Auto Parts by 29.1% during the third quarter. KBC Group NV now owns 1,749 shares of the company’s stock worth $68,000 after purchasing an additional 394 shares during the period. 88.75% of the stock is owned by institutional investors.

Advance Auto Parts Stock Up 0.2 %

Advance Auto Parts stock opened at $44.42 on Friday. Advance Auto Parts, Inc. has a fifty-two week low of $35.59 and a fifty-two week high of $88.56. The stock has a market cap of $2.65 billion, a PE ratio of 60.85, a price-to-earnings-growth ratio of 2.03 and a beta of 1.15. The firm’s 50-day simple moving average is $46.22 and its 200 day simple moving average is $44.51. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.62 and a current ratio of 1.34.

Wall Street Analyst Weigh In

AAP has been the topic of several analyst reports. DA Davidson reiterated a “neutral” rating and set a $45.00 price target on shares of Advance Auto Parts in a research report on Friday, November 15th. Evercore ISI lifted their target price on shares of Advance Auto Parts from $45.00 to $60.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. Truist Financial lowered their target price on shares of Advance Auto Parts from $41.00 to $39.00 and set a “hold” rating for the company in a research note on Friday, November 15th. Wells Fargo & Company lifted their price target on shares of Advance Auto Parts from $40.00 to $45.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $55.00 price target on shares of Advance Auto Parts in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Advance Auto Parts has a consensus rating of “Hold” and an average price target of $47.93.

Insider Buying and Selling at Advance Auto Parts

In other Advance Auto Parts news, EVP Tammy M. Finley sold 1,276 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $44.06, for a total value of $56,220.56. Following the transaction, the executive vice president now directly owns 24,266 shares in the company, valued at $1,069,159.96. The trade was a 5.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.35% of the company’s stock.

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.