CSM Advisors LLC Grows Stock Position in Advance Auto Parts, Inc. $AAP

CSM Advisors LLC increased its stake in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 71.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,867 shares of the company’s stock after purchasing an additional 37,486 shares during the quarter. CSM Advisors LLC’s holdings in Advance Auto Parts were worth $5,517,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. American Century Companies Inc. boosted its stake in shares of Advance Auto Parts by 559.0% in the 3rd quarter. American Century Companies Inc. now owns 1,519,591 shares of the company’s stock valued at $93,303,000 after buying an additional 1,288,986 shares during the period. Federated Hermes Inc. grew its position in shares of Advance Auto Parts by 75.7% during the second quarter. Federated Hermes Inc. now owns 2,387,325 shares of the company’s stock worth $110,987,000 after buying an additional 1,028,561 shares in the last quarter. Maple Rock Capital Partners Inc. increased its stake in shares of Advance Auto Parts by 508.2% during the third quarter. Maple Rock Capital Partners Inc. now owns 951,790 shares of the company’s stock worth $58,440,000 after buying an additional 795,290 shares during the period. Wellington Management Group LLP purchased a new stake in shares of Advance Auto Parts during the third quarter worth approximately $33,610,000. Finally, Geode Capital Management LLC raised its holdings in Advance Auto Parts by 48.4% in the second quarter. Geode Capital Management LLC now owns 1,416,636 shares of the company’s stock valued at $65,867,000 after acquiring an additional 461,761 shares in the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Advance Auto Parts Stock Down 1.8%

Shares of NYSE:AAP opened at $51.73 on Monday. The firm has a 50 day simple moving average of $50.07 and a 200-day simple moving average of $51.70. Advance Auto Parts, Inc. has a twelve month low of $28.89 and a twelve month high of $70.00. The company has a current ratio of 1.75, a quick ratio of 0.87 and a debt-to-equity ratio of 1.55. The company has a market capitalization of $3.11 billion, a PE ratio of 70.87, a P/E/G ratio of 0.69 and a beta of 1.11.

Advance Auto Parts (NYSE:AAP) last posted its earnings results on Friday, February 13th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.95 billion. During the same period last year, the firm posted ($10.16) EPS. The company’s revenue was down 1.2% on a year-over-year basis. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.10 EPS. On average, equities analysts predict that Advance Auto Parts, Inc. will post -0.46 EPS for the current fiscal year.

Advance Auto Parts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, April 10th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 10th. This represents a $1.00 annualized dividend and a dividend yield of 1.9%. Advance Auto Parts’s dividend payout ratio (DPR) is presently 136.99%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AAP. Morgan Stanley set a $60.00 price target on shares of Advance Auto Parts in a research note on Tuesday, February 17th. Roth Mkm reaffirmed a “neutral” rating and set a $57.00 price objective on shares of Advance Auto Parts in a research report on Thursday, February 19th. Evercore set a $60.00 target price on shares of Advance Auto Parts in a research note on Wednesday, February 11th. Weiss Ratings reissued a “sell (d)” rating on shares of Advance Auto Parts in a report on Wednesday, January 21st. Finally, Wells Fargo & Company raised their price target on Advance Auto Parts from $40.00 to $50.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 11th. Two research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $52.93.

Advance Auto Parts 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.