Teacher Retirement System of Texas Has $3.10 Million Position in Advance Auto Parts, Inc. (AAP)

Teacher Retirement System of Texas boosted its position in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 126.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,716 shares of the company’s stock after purchasing an additional 11,001 shares during the quarter. Teacher Retirement System of Texas’ holdings in Advance Auto Parts were worth $3,104,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AAP. Legacy Financial Advisors Inc. acquired a new position in Advance Auto Parts in the fourth quarter valued at $38,000. Whittier Trust Co. of Nevada Inc. increased its stake in Advance Auto Parts by 38.2% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 329 shares of the company’s stock valued at $52,000 after purchasing an additional 91 shares during the last quarter. Enlightenment Research LLC acquired a new position in Advance Auto Parts in the fourth quarter valued at $79,000. NINE MASTS CAPITAL Ltd acquired a new position in Advance Auto Parts in the third quarter valued at $164,000. Finally, Dupont Capital Management Corp increased its stake in Advance Auto Parts by 14.9% in the fourth quarter. Dupont Capital Management Corp now owns 1,043 shares of the company’s stock valued at $164,000 after purchasing an additional 135 shares during the last quarter. Institutional investors own 99.61% of the company’s stock.

Shares of NYSE AAP opened at $170.19 on Friday. Advance Auto Parts, Inc. has a 1-year low of $111.86 and a 1-year high of $186.15. The company has a quick ratio of 0.44, a current ratio of 1.57 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $12.20 billion, a PE ratio of 23.87, a P/E/G ratio of 1.65 and a beta of 1.00.

Advance Auto Parts (NYSE:AAP) last issued 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. Advance Auto Parts had a return on equity of 14.64% and a net margin of 4.42%. The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter in the prior year, the business earned $0.77 earnings per share. The company’s revenue was up 3.3% compared to the same quarter last year. On average, research analysts anticipate that Advance Auto Parts, Inc. will post 8.11 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 22nd were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.14%. The ex-dividend date of this dividend was Thursday, March 21st. Advance Auto Parts’s payout ratio is 3.37%.

AAP has been the subject of several analyst reports. Zacks Investment Research lowered Advance Auto Parts from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. Bank of America upgraded 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. Evercore ISI began coverage on Advance Auto Parts in a research note on Wednesday, March 20th. They set an “outperform” rating and a $185.00 price target for the company. Jefferies Financial Group dropped their price target on Advance Auto Parts to $195.00 and set a “buy” rating for the company in a research note on Wednesday, February 20th. Finally, Wells Fargo & Co restated a “hold” rating and set a $175.00 price target on shares of Advance Auto Parts in a research note on Tuesday, February 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Advance Auto Parts currently has an average rating of “Buy” and a consensus price target of $187.44.

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

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