Advance Auto Parts, Inc. $AAP Shares Purchased by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL raised its position in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 35.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 686,657 shares of the company’s stock after buying an additional 178,650 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Advance Auto Parts were worth $26,986,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Amalgamated Bank raised its stake in Advance Auto Parts by 1.1% during the third quarter. Amalgamated Bank now owns 17,270 shares of the company’s stock valued at $1,060,000 after buying an additional 185 shares in the last quarter. Hsbc Holdings PLC raised its stake in 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 buying an additional 191 shares in the last quarter. Arizona State Retirement System raised its stake in Advance Auto Parts by 1.6% during the third quarter. Arizona State Retirement System now owns 17,733 shares of the company’s stock valued at $1,089,000 after buying an additional 272 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Advance Auto Parts by 0.6% during the third quarter. Envestnet Asset Management Inc. now owns 54,237 shares of the company’s stock valued at $3,330,000 after buying an additional 297 shares in the last quarter. Finally, AlphaCore Capital LLC raised its stake in Advance Auto Parts by 53.6% during the fourth quarter. AlphaCore Capital LLC now owns 883 shares of the company’s stock valued at $35,000 after buying an additional 308 shares in the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Advance Auto Parts Stock Up 0.0%

Shares of Advance Auto Parts stock opened at $47.17 on Monday. 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 business’s 50 day simple moving average is $53.72 and its 200-day simple moving average is $50.37. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 64.62, a PEG ratio of 0.83 and a beta of 1.06. Advance Auto Parts, Inc. has a twelve month low of $31.28 and a twelve month high of $70.00.

Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings results on Friday, February 13th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.45. The business had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Advance Auto Parts had a return on equity of 6.23% and a net margin of 0.51%.The business’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($10.16) EPS. Equities research analysts forecast that Advance Auto Parts, Inc. will post 2.76 earnings per share for the current year.

Analysts Set New Price Targets

AAP has been the topic of several research reports. JPMorgan Chase & Co. cut their price objective on Advance Auto Parts from $64.00 to $59.00 and set a “neutral” rating on the stock in a research note on Friday. UBS Group restated a “neutral” rating on shares of Advance Auto Parts in a research note on Monday, February 9th. TD Cowen restated a “hold” rating on shares of Advance Auto Parts in a research note on Tuesday, February 17th. Weiss Ratings restated a “sell (d)” rating on shares of Advance Auto Parts in a research note on Wednesday, January 21st. Finally, Citigroup increased their price target on Advance Auto Parts from $55.00 to $57.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Buy rating, eighteen have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $52.72.

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.