Fluent Financial LLC Invests $6.23 Million in Advance Auto Parts, Inc. $AAP

Fluent Financial LLC acquired a new stake in shares of Advance Auto Parts, Inc. (NYSE:AAP) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 158,466 shares of the company’s stock, valued at approximately $6,228,000. Advance Auto Parts comprises about 2.4% of Fluent Financial LLC’s investment portfolio, making the stock its 14th largest position.

Other institutional investors have also made changes to their positions in the company. Exchange Traded Concepts LLC lifted its holdings in Advance Auto Parts by 16.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 15,179 shares of the company’s stock worth $597,000 after purchasing an additional 2,160 shares during the last quarter. Moody National Bank Trust Division boosted its position in Advance Auto Parts by 4.0% during the fourth quarter. Moody National Bank Trust Division now owns 25,984 shares of the company’s stock worth $1,021,000 after purchasing an additional 1,009 shares during the period. SG Americas Securities LLC grew its holdings in Advance Auto Parts by 8.4% during the fourth quarter. SG Americas Securities LLC now owns 39,711 shares of the company’s stock valued at $1,561,000 after purchasing an additional 3,077 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Advance Auto Parts by 9.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,240 shares of the company’s stock valued at $382,000 after purchasing an additional 771 shares during the period. Finally, Capital Square LLC raised its position in shares of Advance Auto Parts by 9.6% in the third quarter. Capital Square LLC now owns 7,965 shares of the company’s stock valued at $489,000 after purchasing an additional 700 shares during the period. 88.70% of the stock is owned by institutional investors.

Advance Auto Parts Trading Down 0.5%

Shares of Advance Auto Parts stock opened at $51.60 on Friday. Advance Auto Parts, Inc. has a 1 year low of $28.89 and a 1 year high of $70.00. The company’s fifty day simple moving average is $51.78 and its 200-day simple moving average is $51.10. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 70.68, a PEG ratio of 0.69 and a beta of 1.11. The company has a current ratio of 1.75, a quick ratio of 0.87 and a debt-to-equity ratio of 1.55.

Advance Auto Parts (NYSE:AAP) last released its earnings results on Friday, February 13th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.41 by $0.45. Advance Auto Parts had a net margin of 0.51% and a return on equity of 6.23%. The firm had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the prior year, the company earned ($10.16) EPS. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.10 EPS. As a group, sell-side analysts expect that Advance Auto Parts, Inc. will post -0.46 EPS for the current year.

Advance Auto Parts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 10th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.9%. Advance Auto Parts’s dividend payout ratio is currently 136.99%.

Analysts Set New Price Targets

Several research firms recently issued reports on AAP. TD Cowen reaffirmed a “hold” rating on shares of Advance Auto Parts in a report on Tuesday, February 17th. Wells Fargo & Company lifted their target price on shares of Advance Auto Parts from $40.00 to $50.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 11th. DA Davidson set a $58.00 target price on shares of Advance Auto Parts in a research report on Tuesday, February 17th. Truist Financial upped their price target on shares of Advance Auto Parts from $48.00 to $57.00 and gave the company a “hold” rating in a report on Tuesday, February 17th. Finally, Roth Mkm reaffirmed a “neutral” rating and issued a $57.00 price target on shares of Advance Auto Parts in a research report on Thursday, February 19th. Two research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $52.93.

About Advance Auto Parts

Advance Auto Parts, Inc (NYSE: AAP) is a leading distributor of automotive aftermarket parts, accessories, and maintenance items. The company operates a network of stores and distribution centers across North America, serving both do-it-yourself (DIY) customers and professional service providers. Advance Auto Parts focuses on offering a comprehensive selection of replacement parts, batteries, engine components, and performance products for cars and light trucks.

The company’s product portfolio includes engine oils and lubricants, cooling system components, brake and suspension parts, filters, belts, hoses, and diagnostic tools.