Annandale Capital LLC Has $5.17 Million Stock Position in Advance Auto Parts, Inc. (NYSE:AAP)

Annandale Capital LLC grew its holdings in Advance Auto Parts, Inc. (NYSE:AAP) by 46.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 109,241 shares of the company’s stock after purchasing an additional 34,746 shares during the period. Advance Auto Parts comprises approximately 0.8% of Annandale Capital LLC’s investment portfolio, making the stock its 27th biggest holding. Annandale Capital LLC owned approximately 0.18% of Advance Auto Parts worth $5,166,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Thrivent Financial for Lutherans increased its stake in Advance Auto Parts by 2,662.0% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,293,205 shares of the company’s stock valued at $61,156,000 after buying an additional 1,246,384 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new stake in shares of Advance Auto Parts in the fourth quarter valued at about $34,586,000. Allianz Asset Management GmbH raised its holdings in Advance Auto Parts by 244.7% during the fourth quarter. Allianz Asset Management GmbH now owns 740,234 shares of the company’s stock worth $35,006,000 after acquiring an additional 525,504 shares in the last quarter. Pzena Investment Management LLC boosted its position in Advance Auto Parts by 12.5% during the fourth quarter. Pzena Investment Management LLC now owns 3,270,897 shares of the company’s stock valued at $154,681,000 after purchasing an additional 362,239 shares during the last quarter. Finally, Royce & Associates LP grew its stake in Advance Auto Parts by 30.4% in the fourth quarter. Royce & Associates LP now owns 1,403,004 shares of the company’s stock valued at $66,348,000 after purchasing an additional 327,417 shares in the last quarter. Institutional investors own 88.75% of the company’s stock.

Insider Buying and Selling at Advance Auto Parts

In related news, CEO Shane M. Okelly purchased 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average price of $36.79 per share, for a total transaction of $55,185.00. Following the completion of the transaction, the chief executive officer now owns 183,121 shares of the company’s stock, valued at approximately $6,737,021.59. This trade represents a 0.83 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Eugene I. Lee, Jr. acquired 14,640 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average cost of $34.15 per share, with a total value of $499,956.00. Following the transaction, the director now directly owns 34,070 shares of the company’s stock, valued at $1,163,490.50. This trade represents a 75.35 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.35% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on AAP shares. Wells Fargo & Company increased their price objective on Advance Auto Parts from $40.00 to $45.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Evercore ISI decreased their price objective on shares of Advance Auto Parts from $37.00 to $35.00 and set an “in-line” rating for the company in a research report on Tuesday, March 11th. Citigroup dropped their target price on shares of Advance Auto Parts from $47.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. Truist Financial reduced their price target on Advance Auto Parts from $39.00 to $34.00 and set a “hold” rating for the company in a report on Thursday, February 27th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $55.00 price objective on shares of Advance Auto Parts in a research report on Monday, March 3rd. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Advance Auto Parts presently has a consensus rating of “Hold” and a consensus target price of $45.13.

Advance Auto Parts Stock Down 4.8 %

Shares of AAP opened at $34.86 on Friday. The company has a current ratio of 1.34, a quick ratio of 0.62 and a debt-to-equity ratio of 0.69. Advance Auto Parts, Inc. has a 12 month low of $33.08 and a 12 month high of $79.96. The firm’s 50 day moving average is $41.57 and its 200-day moving average is $41.77. The stock has a market capitalization of $2.08 billion, a PE ratio of 47.76, a P/E/G ratio of 1.98 and a beta of 1.27.

Advance Auto Parts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a yield of 2.87%. Advance Auto Parts’s dividend payout ratio (DPR) is presently -17.86%.

Advance Auto Parts Company 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.