Stifel Financial Corp boosted its holdings in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 138.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,221 shares of the company’s stock after purchasing an additional 8,266 shares during the quarter. Stifel Financial Corp’s holdings in Advance Auto Parts were worth $2,240,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in AAP. Legacy Financial Advisors Inc. bought a new stake in shares of Advance Auto Parts in the 4th quarter worth approximately $38,000. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Advance Auto Parts by 38.2% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 329 shares of the company’s stock worth $52,000 after acquiring an additional 91 shares during the period. Enlightenment Research LLC bought a new stake in shares of Advance Auto Parts in the 4th quarter worth approximately $79,000. NINE MASTS CAPITAL Ltd bought a new stake in shares of Advance Auto Parts in the 3rd quarter worth approximately $164,000. Finally, Dupont Capital Management Corp lifted its position in shares of Advance Auto Parts by 14.9% during the 4th quarter. Dupont Capital Management Corp now owns 1,043 shares of the company’s stock worth $164,000 after buying an additional 135 shares during the period. Hedge funds and other institutional investors own 99.58% of the company’s stock.
AAP has been the subject of several analyst reports. Zacks Investment Research restated a “buy” rating and set a $171.00 target price on shares of Advance Auto Parts in a research report on Monday, December 31st. Barclays upgraded Advance Auto Parts from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $170.00 to $205.00 in a research report on Monday, January 7th. Bank of America upgraded Advance Auto Parts from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 9th. They noted that the move was a valuation call. Wells Fargo & Co reaffirmed a “hold” rating and set a $175.00 price target on shares of Advance Auto Parts in a report on Tuesday, February 19th. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $195.00 price target on shares of Advance Auto Parts in a report on Tuesday, February 19th. Four investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $187.44.
Advance Auto Parts (NYSE:AAP) last posted its earnings results on Tuesday, February 19th. The company reported $1.17 earnings per share for the quarter, topping 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 return on equity of 14.64% and a net margin of 4.42%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.77 earnings per share. Analysts expect that Advance Auto Parts, Inc. will post 8.11 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 22nd were issued a $0.06 dividend. The ex-dividend date was Thursday, March 21st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.14%. Advance Auto Parts’s dividend payout ratio (DPR) is 3.37%.
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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.
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