43,547 Shares in Advance Auto Parts, Inc. (NYSE:AAP) Purchased by Atalanta Sosnoff Capital LLC

Atalanta Sosnoff Capital LLC acquired a new position in Advance Auto Parts, Inc. (NYSE:AAP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 43,547 shares of the company’s stock, valued at approximately $9,097,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in AAP. FMR LLC increased its holdings in Advance Auto Parts by 287.6% in the 1st quarter. FMR LLC now owns 139,025 shares of the company’s stock worth $23,708,000 after acquiring an additional 103,160 shares during the last quarter. Amundi Asset Management US Inc. increased its holdings in Advance Auto Parts by 7.5% in the 1st quarter. Amundi Asset Management US Inc. now owns 104,111 shares of the company’s stock worth $19,105,000 after acquiring an additional 7,302 shares during the last quarter. Colony Group LLC increased its holdings in Advance Auto Parts by 7.2% in the 1st quarter. Colony Group LLC now owns 17,333 shares of the company’s stock worth $3,180,000 after acquiring an additional 1,160 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Advance Auto Parts by 3.6% in the 1st quarter. Principal Financial Group Inc. now owns 102,785 shares of the company’s stock worth $18,860,000 after acquiring an additional 3,538 shares during the last quarter. Finally, Schroder Investment Management Group increased its holdings in Advance Auto Parts by 2.5% in the 1st quarter. Schroder Investment Management Group now owns 509,971 shares of the company’s stock worth $93,575,000 after acquiring an additional 12,591 shares during the last quarter. 98.41% of the stock is owned by institutional investors.

A number of research analysts have weighed in on AAP shares. DA Davidson reaffirmed a “neutral” rating and set a $220.00 target price (up previously from $210.00) on shares of Advance Auto Parts in a report on Wednesday, August 25th. Credit Suisse Group lifted their target price on Advance Auto Parts from $250.00 to $255.00 and gave the company an “outperform” rating in a report on Tuesday, November 16th. JPMorgan Chase & Co. lifted their target price on Advance Auto Parts from $237.00 to $276.00 and gave the company an “overweight” rating in a report on Monday, October 18th. Raymond James lifted their target price on Advance Auto Parts from $265.00 to $275.00 and gave the company a “strong-buy” rating in a report on Wednesday, November 17th. Finally, Argus boosted their price objective on Advance Auto Parts from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, September 1st. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Advance Auto Parts presently has a consensus rating of “Buy” and a consensus price target of $239.89.

In other news, EVP Robert B. Cushing sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, September 10th. The stock was sold at an average price of $202.15, for a total transaction of $707,525.00. Following the transaction, the executive vice president now directly owns 15,752 shares of the company’s stock, valued at $3,184,266.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is currently owned by insiders.

Shares of AAP stock opened at $233.37 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.35 and a current ratio of 1.24. Advance Auto Parts, Inc. has a fifty-two week low of $143.15 and a fifty-two week high of $243.05. The stock has a 50 day moving average price of $222.45 and a two-hundred day moving average price of $210.15. The company has a market capitalization of $14.55 billion, a P/E ratio of 23.62, a PEG ratio of 1.26 and a beta of 1.29.

Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings data on Monday, November 15th. The company reported $3.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.87 by $0.34. Advance Auto Parts had a return on equity of 22.79% and a net margin of 5.89%. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter in the previous year, the company posted $2.81 earnings per share. The business’s revenue was up 3.1% on a year-over-year basis. As a group, equities analysts predict that Advance Auto Parts, Inc. will post 11.84 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 3rd. Stockholders of record on Friday, December 17th will be paid a dividend of $1.00 per share. The ex-dividend date is Thursday, December 16th. This represents a $4.00 annualized dividend and a dividend yield of 1.71%. Advance Auto Parts’s dividend payout ratio (DPR) is presently 40.49%.

Advance Auto Parts Company Profile

Advance Auto Parts, Inc engages in the supply and distribution of aftermarket automotive products for both professional installers and do-it-yourself customers. It operates through the following segments: Northern Division, Southern Division, Carquest Canada, Independents and Worldpac. Advance Auto Parts offers replacement parts, performance parts, accessories, oil and fluids, engine parts, brakes, batteries, accessories, and tools and garage.

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Institutional Ownership by Quarter for Advance Auto Parts (NYSE:AAP)

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