731,354 Shares in Advance Auto Parts, Inc. (NYSE:AAP) Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC bought a new stake in shares of Advance Auto Parts, Inc. (NYSE:AAP) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 731,354 shares of the company’s stock, valued at approximately $34,586,000. Segall Bryant & Hamill LLC owned approximately 1.22% of Advance Auto Parts as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of AAP. Versant Capital Management Inc increased its holdings in Advance Auto Parts by 207.4% in the 4th quarter. Versant Capital Management Inc now owns 541 shares of the company’s stock worth $26,000 after acquiring an additional 365 shares in the last quarter. Allworth Financial LP lifted its stake in shares of Advance Auto Parts by 1,543.4% during the 4th quarter. Allworth Financial LP now owns 871 shares of the company’s stock valued at $40,000 after buying an additional 818 shares in the last quarter. Vision Financial Markets LLC bought a new position in shares of Advance Auto Parts in the fourth quarter worth about $42,000. GAMMA Investing LLC grew its position in shares of Advance Auto Parts by 198.3% during the fourth quarter. GAMMA Investing LLC now owns 1,575 shares of the company’s stock worth $74,000 after purchasing an additional 1,047 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in Advance Auto Parts by 38.9% during the 4th quarter. Blue Trust Inc. now owns 1,674 shares of the company’s stock valued at $79,000 after purchasing an additional 469 shares during the period. Institutional investors own 88.75% of the company’s stock.

Advance Auto Parts Stock Up 3.2 %

Shares of NYSE:AAP opened at $38.68 on Tuesday. Advance Auto Parts, Inc. has a 52-week low of $33.08 and a 52-week high of $87.36. The stock has a market cap of $2.31 billion, a P/E ratio of 52.98, a price-to-earnings-growth ratio of 1.98 and a beta of 1.27. The business’s 50 day moving average is $43.00 and its 200 day moving average is $41.89. The company has a quick ratio of 0.62, a current ratio of 1.34 and a debt-to-equity ratio of 0.69.

Advance Auto Parts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.59%. The ex-dividend date is Friday, April 11th. Advance Auto Parts’s payout ratio is -17.86%.

Insider Buying and Selling at Advance Auto Parts

In related news, CEO Shane M. Okelly bought 1,500 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were acquired at an average price of $36.79 per share, with a total value of $55,185.00. Following the transaction, the chief executive officer now owns 183,121 shares of the company’s stock, valued at $6,737,021.59. The trade was a 0.83 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Eugene I. Lee, Jr. bought 14,640 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was bought at an average price of $34.15 per share, for a total transaction of $499,956.00. Following the purchase, the director now directly owns 34,070 shares of the company’s stock, valued at $1,163,490.50. The trade was a 75.35 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on AAP shares. Wells Fargo & Company increased their price objective on shares of Advance Auto Parts from $40.00 to $45.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Wedbush reaffirmed an “outperform” rating and set a $55.00 price objective on shares of Advance Auto Parts in a report on Monday, March 3rd. Truist Financial lowered their price objective on shares of Advance Auto Parts from $39.00 to $34.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. BMO Capital Markets dropped their price target on Advance Auto Parts from $45.00 to $40.00 and set a “market perform” rating for the company in a research report on Thursday, February 27th. Finally, Evercore ISI cut their target price on Advance Auto Parts from $37.00 to $35.00 and set an “in-line” rating on the stock in a research report on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Advance Auto Parts presently has a consensus rating of “Hold” and a consensus price target of $45.13.

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.