American Century Companies Inc. Sells 117,483 Shares of Advance Auto Parts, Inc. (NYSE:AAP)

American Century Companies Inc. lowered its holdings in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 9.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,147,234 shares of the company’s stock after selling 117,483 shares during the quarter. American Century Companies Inc. owned 1.60% of Advance Auto Parts worth $180,643,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in Advance Auto Parts by 892.6% during the third quarter. JPMorgan Chase & Co. now owns 430,256 shares of the company’s stock valued at $72,425,000 after purchasing an additional 386,910 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Advance Auto Parts by 171.3% in the 3rd quarter. Janus Henderson Group PLC now owns 56,730 shares of the company’s stock worth $9,549,000 after purchasing an additional 35,816 shares in the last quarter. BlackRock Inc. raised its holdings in Advance Auto Parts by 0.5% in the 3rd quarter. BlackRock Inc. now owns 4,554,239 shares of the company’s stock worth $766,616,000 after acquiring an additional 21,440 shares during the last quarter. American International Group Inc. raised its holdings in Advance Auto Parts by 6.5% in the 3rd quarter. American International Group Inc. now owns 28,491 shares of the company’s stock worth $4,796,000 after acquiring an additional 1,739 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in Advance Auto Parts by 42.7% during the 3rd quarter. Canada Pension Plan Investment Board now owns 108,320 shares of the company’s stock valued at $18,234,000 after buying an additional 32,400 shares during the last quarter. 99.56% of the stock is currently owned by institutional investors.

NYSE:AAP traded up $1.32 during trading hours on Monday, reaching $181.43. 910,700 shares of the company’s stock were exchanged, compared to its average volume of 1,220,229. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.57 and a quick ratio of 0.44. Advance Auto Parts, Inc. has a 1-year low of $102.15 and a 1-year high of $186.15. The stock has a market cap of $12.93 billion, a P/E ratio of 25.45, a P/E/G ratio of 1.73 and a beta of 1.00.

Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings results on Tuesday, February 19th. The company reported $1.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.03. The firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. Advance Auto Parts had a net margin of 4.42% and a return on equity of 14.64%. Advance Auto Parts’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.77 earnings per share. Sell-side analysts expect that Advance Auto Parts, Inc. will post 8.11 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 22nd were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.13%. The ex-dividend date of this dividend was Thursday, March 21st. Advance Auto Parts’s payout ratio is currently 3.37%.

AAP has been the subject of several recent analyst reports. Credit Suisse Group reaffirmed a “buy” rating and issued a $195.00 target price on shares of Advance Auto Parts in a report on Tuesday, February 19th. Zacks Investment Research lowered shares of Advance Auto Parts from a “buy” rating to a “hold” rating in a research report on Thursday, December 20th. Jefferies Financial Group reduced their target price on shares of Advance Auto Parts to $195.00 and set a “buy” rating on the stock in a research report on Wednesday, February 20th. Bank of America upgraded shares of Advance Auto Parts from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 9th. They noted that the move was a valuation call. Finally, Wells Fargo & Co reaffirmed a “hold” rating and issued a $175.00 price target on shares of Advance Auto Parts in a report on Tuesday, February 19th. Four analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Advance Auto Parts has a consensus rating of “Buy” and a consensus price target of $187.44.

ILLEGAL ACTIVITY WARNING: This report was reported by Baseball Daily News and is the sole property of of Baseball Daily News. If you are viewing this report on another site, it was stolen and republished in violation of US & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.baseballdailydigest.com/news/2019/04/16/american-century-companies-inc-sells-117483-shares-of-advance-auto-parts-inc-aap.html.

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.

Recommended Story: How interest rates affect municipal bond prices

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

Receive News & Ratings for Advance Auto Parts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advance Auto Parts and related companies with MarketBeat.com's FREE daily email newsletter.