Segall Bryant & Hamill LLC Decreases Stock Position in Advance Auto Parts, Inc. $AAP

Segall Bryant & Hamill LLC trimmed its holdings in Advance Auto Parts, Inc. (NYSE:AAP) by 40.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 397,330 shares of the company’s stock after selling 267,919 shares during the period. Segall Bryant & Hamill LLC’s holdings in Advance Auto Parts were worth $20,959,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Advance Auto Parts by 18.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,474,546 shares of the company’s stock valued at $293,751,000 after purchasing an additional 1,190,094 shares in the last quarter. Pzena Investment Management LLC raised its position in shares of Advance Auto Parts by 8.2% during the 1st quarter. Pzena Investment Management LLC now owns 4,301,089 shares of the company’s stock worth $226,882,000 after purchasing an additional 327,596 shares during the last quarter. Federated Hermes Inc. lifted its stake in Advance Auto Parts by 4.4% in the 4th quarter. Federated Hermes Inc. now owns 2,811,675 shares of the company’s stock valued at $110,499,000 after buying an additional 117,648 shares in the last quarter. State Street Corp grew its holdings in Advance Auto Parts by 3.9% during the 4th quarter. State Street Corp now owns 2,499,981 shares of the company’s stock valued at $98,249,000 after buying an additional 92,861 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Advance Auto Parts by 15.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,127,948 shares of the company’s stock valued at $112,243,000 after buying an additional 282,591 shares during the last quarter. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AAP. Citigroup boosted their price target on Advance Auto Parts from $57.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, May 22nd. Wells Fargo & Company increased their price objective on Advance Auto Parts from $50.00 to $60.00 and gave the company an “equal weight” rating in a research note on Friday, May 22nd. Deutsche Bank Aktiengesellschaft upgraded Advance Auto Parts to a “buy” rating in a research report on Friday, May 22nd. Weiss Ratings raised shares of Advance Auto Parts from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. Finally, Royal Bank Of Canada upped their target price on shares of Advance Auto Parts from $62.00 to $65.00 and gave the company a “sector perform” rating in a report on Friday, May 22nd. Two research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $58.66.

Advance Auto Parts Trading Down 1.2%

Shares of AAP opened at $55.52 on Friday. Advance Auto Parts, Inc. has a twelve month low of $37.89 and a twelve month high of $65.21. The firm has a market capitalization of $3.35 billion, a P/E ratio of 77.11, a price-to-earnings-growth ratio of 0.92 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. The stock’s fifty day simple moving average is $57.70 and its 200 day simple moving average is $54.35.

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

Advance Auto Parts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, July 10th. Advance Auto Parts’s 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.