VestGen Advisors LLC Purchases Shares of 43,444 Advance Auto Parts, Inc. $AAP

VestGen Advisors LLC acquired a new position in shares of Advance Auto Parts, Inc. (NYSE:AAP) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 43,444 shares of the company’s stock, valued at approximately $2,020,000.

Other institutional investors also recently made changes to their positions in the company. Cetera Investment Advisers acquired a new position in Advance Auto Parts in the 1st quarter valued at $335,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Advance Auto Parts by 9.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,774 shares of the company’s stock valued at $618,000 after acquiring an additional 1,298 shares during the period. Mackenzie Financial Corp grew its stake in shares of Advance Auto Parts by 3.1% in the first quarter. Mackenzie Financial Corp now owns 20,765 shares of the company’s stock valued at $814,000 after acquiring an additional 620 shares in the last quarter. Arkadios Wealth Advisors increased its position in Advance Auto Parts by 5.3% during the first quarter. Arkadios Wealth Advisors now owns 26,475 shares of the company’s stock worth $1,038,000 after acquiring an additional 1,339 shares during the period. Finally, Jefferies Financial Group Inc. acquired a new stake in Advance Auto Parts in the 1st quarter worth about $568,000. Institutional investors own 88.70% of the company’s stock.

Insider Activity at Advance Auto Parts

In related news, EVP Kristen L. Soler sold 7,662 shares of the firm’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $51.00, for a total transaction of $390,762.00. Following the sale, the executive vice president owned 23,165 shares of the company’s stock, valued at $1,181,415. This trade represents a 24.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.35% of the company’s stock.

Analyst Upgrades and Downgrades

AAP has been the subject of a number of analyst reports. UBS Group set a $40.00 price target on shares of Advance Auto Parts in a research report on Thursday, October 30th. Morgan Stanley lowered their price objective on Advance Auto Parts from $60.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Advance Auto Parts in a report on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on Advance Auto Parts from $44.00 to $62.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Finally, Evercore ISI raised their price target on Advance Auto Parts from $56.00 to $58.00 and gave the stock an “in-line” rating in a research report on Tuesday, August 12th. One investment analyst has rated the stock with a Buy rating, twenty have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $51.78.

Advance Auto Parts Stock Performance

Advance Auto Parts stock opened at $51.88 on Monday. Advance Auto Parts, Inc. has a 12-month low of $28.89 and a 12-month high of $70.00. The company has a quick ratio of 0.49, a current ratio of 1.27 and a debt-to-equity ratio of 0.68. The business’s 50-day moving average price is $53.73 and its two-hundred day moving average price is $54.32. The stock has a market cap of $3.11 billion, a PE ratio of -8.14 and a beta of 1.06.

Advance Auto Parts (NYSE:AAP) last posted its earnings results on Thursday, October 30th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.18. The firm had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Advance Auto Parts had a negative net margin of 4.37% and a negative return on equity of 1.97%. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.04) earnings per share. Advance Auto Parts has set its FY 2025 guidance at 1.750-1.850 EPS. As a group, analysts expect that Advance Auto Parts, Inc. will post -0.46 earnings per share for the current fiscal year.

Advance Auto Parts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 9th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, January 9th. Advance Auto Parts’s dividend payout ratio is presently -15.90%.

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.