Advance Auto Parts, Inc. $AAP Shares Acquired by CenterBook Partners LP

by · The Cerbat Gem

CenterBook Partners LP lifted its holdings in shares of Advance Auto Parts, Inc. (NYSE:AAP – Free Report) by 55.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 36,636 shares of the company’s stock after acquiring an additional 13,098 shares during the period. CenterBook Partners LP’s holdings in Advance Auto Parts were worth $1,440,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in AAP. Caitong International Asset Management Co. Ltd acquired a new position in shares of Advance Auto Parts during the third quarter worth approximately $31,000. AlphaCore Capital LLC boosted its position in shares of Advance Auto Parts by 6,288.9% during the third quarter. AlphaCore Capital LLC now owns 575 shares of the company’s stock worth $35,000 after buying an additional 566 shares during the period. Hantz Financial Services Inc. boosted its position in shares of Advance Auto Parts by 184.5% during the fourth quarter. Hantz Financial Services Inc. now owns 919 shares of the company’s stock worth $36,000 after buying an additional 596 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Advance Auto Parts by 290.3% during the second quarter. Smartleaf Asset Management LLC now owns 925 shares of the company’s stock worth $43,000 after buying an additional 688 shares during the period. Finally, Leonteq Securities AG acquired a new position in shares of Advance Auto Parts during the fourth quarter worth approximately $55,000. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. TD Cowen reiterated a “hold” rating on shares of Advance Auto Parts in a research report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft upgraded Advance Auto Parts to a “buy” rating in a research report on Friday, May 22nd. Evercore set a $60.00 price objective on Advance Auto Parts in a research report on Wednesday, February 11th. Mizuho boosted their price objective on Advance Auto Parts from $54.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. Finally, Royal Bank Of Canada boosted their price objective on Advance Auto Parts from $62.00 to $65.00 and gave the stock a “sector perform” rating in a research report on Friday, May 22nd. Two investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $58.66.

View Our Latest Research Report on Advance Auto Parts

Advance Auto Parts Price Performance

Shares of NYSE:AAP opened at $59.42 on Thursday. Advance Auto Parts, Inc. has a 12 month low of $37.89 and a 12 month high of $70.00. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of 82.53, a PEG ratio of 0.99 and a beta of 1.05. The stock’s 50 day moving average price is $55.78 and its 200 day moving average price is $51.26. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.78 and a quick ratio of 0.85.

Advance Auto Parts (NYSE:AAP – Get Free Report) last announced its quarterly earnings data on Thursday, May 21st. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.38. The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.05 billion. Advance Auto Parts had a net margin of 0.51% and a return on equity of 8.95%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS. Equities research analysts anticipate that Advance Auto Parts, Inc. will post 2.95 earnings per share for the current fiscal year.

Advance Auto Parts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. Advance Auto Parts’s payout ratio is currently 138.89%.

About Advance Auto Parts

(Free Report)

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.

See Also

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