UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Holdings in Advance Auto Parts, Inc. $AAP

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 13.7% during the second quarter, Holdings Channel.com reports. The fund owned 138,474 shares of the company’s stock after selling 21,940 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Advance Auto Parts were worth $8,616,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Hsbc Holdings PLC boosted its position in shares of Advance Auto Parts by 4.7% in the second quarter. Hsbc Holdings PLC now owns 7,879 shares of the company’s stock worth $490,000 after purchasing an additional 355 shares during the period. Empowered Funds LLC purchased a new position in shares of Advance Auto Parts during the 2nd quarter valued at $3,527,000. Corient Private Wealth LP bought a new position in Advance Auto Parts in the 2nd quarter worth $529,000. Bank of America Corp DE bought a new position in Advance Auto Parts in the 2nd quarter worth $59,626,000. Finally, Fund 1 Investments LLC purchased a new stake in Advance Auto Parts in the 2nd quarter worth $12,999,000. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Truist Financial set a $43.00 price target on Advance Auto Parts and gave the company a “hold” rating in a report on Thursday, August 20th. UBS Group dropped their price objective on Advance Auto Parts from $65.00 to $47.00 and set a “neutral” rating for the company in a research note on Friday, August 21st. Mizuho lifted their target price on Advance Auto Parts from $54.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, May 26th. Weiss Ratings reissued a “hold (c-)” rating on shares of Advance Auto Parts in a report on Wednesday, August 26th. Finally, Evercore set a $65.00 price target on Advance Auto Parts in a research note on Tuesday, August 4th. Two equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $50.19.

Advance Auto Parts Trading Down 0.0%

Shares of AAP stock opened at $44.17 on Tuesday. The company has a current ratio of 1.75, a quick ratio of 0.85 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 32.24, a price-to-earnings-growth ratio of 0.71 and a beta of 1.01. Advance Auto Parts, Inc. has a 12-month low of $37.89 and a 12-month high of $65.21. The stock’s 50-day moving average price is $53.08 and its 200-day moving average price is $54.40.

Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings results on Thursday, August 20th. The company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.22. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $2.04 billion. Advance Auto Parts had a return on equity of 9.84% and a net margin of 0.97%.The firm’s revenue was down .5% on a year-over-year basis. During the same period in the prior year, the company earned $0.69 earnings per share. Advance Auto Parts has set its FY 2026 guidance at 2.600-3.300 EPS. Equities research analysts predict that Advance Auto Parts, Inc. will post 2.98 EPS for the current fiscal year.

Advance Auto Parts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Friday, October 9th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, October 9th. Advance Auto Parts’s dividend payout ratio is currently 72.99%.

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.