Blueshift Asset Management LLC Buys 1,188 Shares of Advance Auto Parts, Inc. (NYSE:AAP)

Blueshift Asset Management LLC raised its stake in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 20.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,094 shares of the company’s stock after acquiring an additional 1,188 shares during the quarter. Blueshift Asset Management LLC’s holdings in Advance Auto Parts were worth $277,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Mather Group LLC. boosted its position in Advance Auto Parts by 1,241.7% in the second quarter. Mather Group LLC. now owns 644 shares of the company’s stock valued at $41,000 after buying an additional 596 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Advance Auto Parts in the 2nd quarter worth approximately $41,000. Blue Trust Inc. grew its position in Advance Auto Parts by 56.7% during the 3rd quarter. Blue Trust Inc. now owns 1,205 shares of the company’s stock worth $47,000 after acquiring an additional 436 shares during the last quarter. AM Squared Ltd acquired a new stake in Advance Auto Parts during the 2nd quarter valued at $63,000. Finally, KBC Group NV raised its position in Advance Auto Parts by 29.1% in the 3rd quarter. KBC Group NV now owns 1,749 shares of the company’s stock valued at $68,000 after purchasing an additional 394 shares during the last quarter. Institutional investors and hedge funds own 88.75% of the company’s stock.

Advance Auto Parts Trading Up 1.4 %

Shares of NYSE AAP opened at $44.44 on Friday. Advance Auto Parts, Inc. has a twelve month low of $35.59 and a twelve month high of $88.56. The company has a quick ratio of 0.62, a current ratio of 1.34 and a debt-to-equity ratio of 0.69. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 60.88 and a beta of 1.17. The company’s fifty day moving average is $39.16 and its 200-day moving average is $52.35.

Advance Auto Parts (NYSE:AAP) last announced its earnings results on Thursday, November 14th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.49 by ($0.53). The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.62 billion. Advance Auto Parts had a return on equity of 1.82% and a net margin of 0.41%. The business’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the business posted ($0.82) earnings per share. Equities research analysts predict that Advance Auto Parts, Inc. will post -0.51 EPS for the current year.

Advance Auto Parts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Friday, January 10th. Advance Auto Parts’s dividend payout ratio is 136.99%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AAP. Roth Capital upgraded Advance Auto Parts to a “hold” rating in a report on Tuesday, October 15th. DA Davidson reaffirmed a “neutral” rating and issued a $45.00 target price on shares of Advance Auto Parts in a research note on Friday, November 15th. TD Cowen decreased their price target on shares of Advance Auto Parts from $65.00 to $55.00 and set a “hold” rating on the stock in a research note on Friday, August 23rd. Roth Mkm restated a “neutral” rating and issued a $40.00 price objective on shares of Advance Auto Parts in a research report on Wednesday, October 16th. Finally, Royal Bank of Canada lowered their target price on Advance Auto Parts from $52.00 to $46.00 and set a “sector perform” rating for the company in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Advance Auto Parts currently has a consensus rating of “Hold” and a consensus price target of $48.64.

Advance Auto Parts Company Profile

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.