Advance Auto Parts, Inc. $AAP Holdings Decreased by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System trimmed its position in Advance Auto Parts, Inc. (NYSE:AAP) by 15.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,584 shares of the company’s stock after selling 3,105 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Advance Auto Parts were worth $817,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in AAP. Pzena Investment Management LLC increased its holdings in shares of Advance Auto Parts by 31.8% in the 1st quarter. Pzena Investment Management LLC now owns 4,312,508 shares of the company’s stock valued at $169,093,000 after acquiring an additional 1,041,611 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of Advance Auto Parts by 302.5% in the 1st quarter. Federated Hermes Inc. now owns 1,358,764 shares of the company’s stock valued at $53,277,000 after acquiring an additional 1,021,181 shares during the last quarter. Invenomic Capital Management LP increased its holdings in shares of Advance Auto Parts by 281.2% in the 1st quarter. Invenomic Capital Management LP now owns 600,895 shares of the company’s stock valued at $23,561,000 after acquiring an additional 443,251 shares during the last quarter. Jump Financial LLC bought a new stake in shares of Advance Auto Parts in the 1st quarter valued at approximately $15,882,000. Finally, Estuary Capital Management LP increased its holdings in shares of Advance Auto Parts by 31.7% in the 1st quarter. Estuary Capital Management LP now owns 1,258,270 shares of the company’s stock valued at $49,337,000 after acquiring an additional 303,153 shares during the last quarter. 88.70% of the stock is currently owned by institutional investors.

Advance Auto Parts Trading Down 1.7%

NYSE:AAP opened at $49.48 on Monday. Advance Auto Parts, Inc. has a 1 year low of $28.89 and a 1 year high of $70.00. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of -7.77 and a beta of 1.08. The business has a fifty day moving average of $59.18 and a 200-day moving average of $49.68. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.49 and a current ratio of 1.27.

Advance Auto Parts (NYSE:AAP) last released its quarterly earnings results on Thursday, July 24th. The company reported ($0.22) earnings per share (EPS) for the quarter. Advance Auto Parts had a negative return on equity of 1.97% and a negative net margin of 4.37%.The business had revenue of $2.58 billion during the quarter. Advance Auto Parts has set its Q2 2025 guidance at EPS. Equities analysts predict that Advance Auto Parts, Inc. will post -0.46 earnings per share for the current year.

Advance Auto Parts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 10th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.00 annualized dividend and a dividend yield of 2.0%. Advance Auto Parts’s dividend payout ratio is presently -15.70%.

Analysts Set New Price Targets

A number of brokerages recently commented on AAP. The Goldman Sachs Group downgraded Advance Auto Parts from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $48.00 to $46.00 in a research note on Tuesday, June 24th. Truist Financial upped their price objective on Advance Auto Parts from $51.00 to $53.00 and gave the stock a “hold” rating in a research note on Friday, August 15th. Wells Fargo & Company upped their price objective on Advance Auto Parts from $45.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, August 15th. Wall Street Zen upgraded Advance Auto Parts from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th. Finally, Mizuho upped their price objective on Advance Auto Parts from $44.00 to $54.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. One research analyst has rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $52.03.

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.