Arkadios Wealth Advisors Acquires 7,867 Shares of Advance Auto Parts, Inc. (NYSE:AAP)

Arkadios Wealth Advisors lifted its stake in Advance Auto Parts, Inc. (NYSE:AAP) by 45.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,136 shares of the company’s stock after acquiring an additional 7,867 shares during the period. Arkadios Wealth Advisors’ holdings in Advance Auto Parts were worth $1,189,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. American Century Companies Inc. grew its holdings in Advance Auto Parts by 59.2% during the 2nd quarter. American Century Companies Inc. now owns 169,557 shares of the company’s stock valued at $10,738,000 after buying an additional 63,031 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Advance Auto Parts by 108.5% during the second quarter. Envestnet Asset Management Inc. now owns 92,883 shares of the company’s stock valued at $5,882,000 after acquiring an additional 48,328 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Advance Auto Parts by 76.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,266,362 shares of the company’s stock worth $80,197,000 after acquiring an additional 547,696 shares during the period. Renaissance Technologies LLC lifted its stake in Advance Auto Parts by 26.9% in the 2nd quarter. Renaissance Technologies LLC now owns 185,450 shares of the company’s stock worth $11,745,000 after purchasing an additional 39,300 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in Advance Auto Parts by 13.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 27,600 shares of the company’s stock valued at $1,748,000 after purchasing an additional 3,200 shares during the period. 88.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Wedbush reissued an “outperform” rating and set a $55.00 price objective on shares of Advance Auto Parts in a research note on Friday, November 15th. The Goldman Sachs Group cut their price objective on Advance Auto Parts from $60.00 to $43.00 and set a “neutral” rating for the company in a report on Friday, November 15th. Roth Mkm reaffirmed a “neutral” rating and issued a $40.00 target price on shares of Advance Auto Parts in a research note on Wednesday, October 16th. Roth Capital raised shares of Advance Auto Parts to a “hold” rating in a research note on Tuesday, October 15th. Finally, DA Davidson restated a “neutral” rating and set a $45.00 price objective on shares of Advance Auto Parts in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Advance Auto Parts currently has a consensus rating of “Hold” and an average target price of $47.93.

Advance Auto Parts Stock Performance

NYSE:AAP opened at $45.93 on Monday. The firm has a market cap of $2.74 billion, a PE ratio of 62.91, a price-to-earnings-growth ratio of 2.15 and a beta of 1.16. Advance Auto Parts, Inc. has a fifty-two week low of $35.59 and a fifty-two week high of $88.56. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.62 and a current ratio of 1.34. The business has a 50 day moving average price of $43.77 and a 200-day moving average price of $46.56.

Advance Auto Parts (NYSE:AAP) last released its quarterly earnings results on Thursday, November 14th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.53). The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.62 billion. Advance Auto Parts had a net margin of 0.41% and a return on equity of 1.82%. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the previous year, the company earned ($0.82) EPS. Equities research analysts predict that Advance Auto Parts, Inc. will post -0.52 earnings per share for the current year.

Advance Auto Parts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, January 10th. This represents a $1.00 annualized dividend and a yield of 2.18%. Advance Auto Parts’s payout ratio is 136.99%.

Insider Activity at Advance Auto Parts

In other Advance Auto Parts news, EVP Tammy M. Finley sold 1,276 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $44.06, for a total transaction of $56,220.56. Following the completion of the transaction, the executive vice president now owns 24,266 shares of the company’s stock, valued at approximately $1,069,159.96. This trade represents a 5.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.35% of the stock is currently owned by corporate insiders.

Advance Auto Parts 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.