Advance Auto Parts, Inc. $AAP Shares Sold by AMG National Trust Bank

AMG National Trust Bank lowered its holdings in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 41.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,338 shares of the company’s stock after selling 14,592 shares during the period. AMG National Trust Bank’s holdings in Advance Auto Parts were worth $1,073,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Hsbc Holdings PLC increased its holdings in shares of Advance Auto Parts by 3.1% during the second quarter. Hsbc Holdings PLC now owns 6,306 shares of the company’s stock valued at $293,000 after purchasing an additional 191 shares during the period. AlphaCore Capital LLC lifted its holdings in Advance Auto Parts by 53.6% in the fourth quarter. AlphaCore Capital LLC now owns 883 shares of the company’s stock worth $35,000 after purchasing an additional 308 shares during the period. ProShare Advisors LLC lifted its holdings in Advance Auto Parts by 3.2% in the fourth quarter. ProShare Advisors LLC now owns 11,673 shares of the company’s stock worth $459,000 after purchasing an additional 362 shares during the period. State of Alaska Department of Revenue grew its position in Advance Auto Parts by 1.2% in the 4th quarter. State of Alaska Department of Revenue now owns 30,554 shares of the company’s stock valued at $1,200,000 after buying an additional 371 shares in the last quarter. Finally, LPL Financial LLC grew its position in Advance Auto Parts by 2.0% in the 4th quarter. LPL Financial LLC now owns 19,410 shares of the company’s stock valued at $763,000 after buying an additional 380 shares in the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on AAP. TD Cowen restated a “hold” rating on shares of Advance Auto Parts in a research report on Friday, May 22nd. Mizuho increased their price objective on shares of Advance Auto Parts from $54.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, May 26th. Citigroup raised their price objective on shares of Advance Auto Parts from $57.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, May 22nd. Wells Fargo & Company boosted their target price on Advance Auto Parts from $50.00 to $60.00 and gave the stock an “equal weight” rating in a report on Friday, May 22nd. Finally, JPMorgan Chase & Co. cut their target price on Advance Auto Parts from $64.00 to $59.00 and set a “neutral” rating for the company in a research report on Friday, May 15th. Two investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Advance Auto Parts currently has a consensus rating of “Hold” and a consensus price target of $58.66.

Advance Auto Parts Stock Performance

NYSE:AAP opened at $52.16 on Thursday. The company has a 50-day moving average of $57.03 and a 200-day moving average of $53.19. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 72.45, a price-to-earnings-growth ratio of 0.91 and a beta of 1.03. The company has a current ratio of 1.78, a quick ratio of 0.85 and a debt-to-equity ratio of 1.54. Advance Auto Parts, Inc. has a twelve month low of $37.89 and a twelve month high of $70.00.

Advance Auto Parts (NYSE:AAP) last released its earnings results on Thursday, May 21st. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.38. Advance Auto Parts had a net margin of 0.51% and a return on equity of 8.95%. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the previous year, the firm earned $0.40 EPS. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS. Analysts forecast that Advance Auto Parts, Inc. will post 2.94 earnings per share for the current fiscal year.

Advance Auto Parts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.00 annualized dividend and a dividend yield of 1.9%. Advance Auto Parts’s dividend payout ratio is currently 138.89%.

Advance Auto Parts Company Profile

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.