Charles Schwab Investment Management Inc. Has $33.45 Million Stock Holdings in Advance Auto Parts, Inc. $AAP

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 4.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 851,008 shares of the company’s stock after selling 38,342 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Advance Auto Parts were worth $33,445,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of AAP. Royal Bank of Canada boosted its stake in shares of Advance Auto Parts by 107.2% during the 1st quarter. Royal Bank of Canada now owns 79,558 shares of the company’s stock worth $3,119,000 after buying an additional 41,157 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Advance Auto Parts by 327.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 362,918 shares of the company’s stock valued at $14,230,000 after purchasing an additional 278,066 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Advance Auto Parts by 14.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 180,979 shares of the company’s stock valued at $7,096,000 after purchasing an additional 23,018 shares during the last quarter. Hsbc Holdings PLC lifted its stake in Advance Auto Parts by 3.1% in the 2nd quarter. Hsbc Holdings PLC now owns 6,306 shares of the company’s stock valued at $293,000 after purchasing an additional 191 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its stake in Advance Auto Parts by 2.7% in the 2nd quarter. Baird Financial Group Inc. now owns 56,782 shares of the company’s stock valued at $2,640,000 after purchasing an additional 1,515 shares during the last quarter. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on AAP shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Advance Auto Parts in a research note on Friday, May 15th. TD Cowen reiterated a “hold” rating on shares of Advance Auto Parts in a research note on Friday. DA Davidson set a $58.00 target price on shares of Advance Auto Parts in a research note on Tuesday, February 17th. JPMorgan Chase & Co. cut their target price on shares of Advance Auto Parts from $64.00 to $59.00 and set a “neutral” rating for the company in a research note on Friday, May 15th. Finally, Wells Fargo & Company raised their target price on shares of Advance Auto Parts from $50.00 to $60.00 and gave the company an “equal weight” rating in a research note on Friday. Two equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $57.15.

Advance Auto Parts Stock Down 1.7%

Advance Auto Parts stock opened at $57.63 on Friday. The stock has a market cap of $3.48 billion, a P/E ratio of 80.04, a P/E/G ratio of 1.03 and a beta of 1.06. The company has a quick ratio of 0.87, a current ratio of 1.78 and a debt-to-equity ratio of 1.54. Advance Auto Parts, Inc. has a twelve month low of $37.89 and a twelve month high of $70.00. The company’s 50-day moving average price is $53.93 and its two-hundred day moving average price is $50.42.

Advance Auto Parts (NYSE:AAP) last released its quarterly earnings results on Thursday, May 21st. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.38. The firm 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% on a year-over-year basis. During the same period in the prior year, the firm earned $0.40 EPS. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS. As a group, analysts expect that Advance Auto Parts, Inc. will post 2.75 EPS for the current year.

Advance Auto Parts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, July 10th. Advance Auto Parts’s dividend payout ratio is currently 136.99%.

Advance Auto Parts News Roundup

Here are the key news stories impacting Advance Auto Parts this week:

• Positive Sentiment: Advance Auto Parts posted Q1 EPS of $0.77 versus $0.39 expected and revenue of $2.61 billion versus $2.57 billion expected, signaling a solid earnings beat. Advance Auto Parts Reports First Quarter 2026 Results; Reaffirms Full Year 2026 Guidance
• Positive Sentiment: Comparable store sales rose 3.5%, driven by strength in the Pro business and improving DIY demand, while gross margin and operating margin expanded sharply, supporting the recovery narrative. Advance Auto Parts Gets Sales Boost From Pro Business
• Positive Sentiment: Several firms lifted price targets after the results, including Morgan Stanley, UBS, RBC, BMO Capital Markets, and Citigroup, reflecting improved sentiment around AAP’s recovery path. Advance Auto Parts Analysts Raise Their Forecasts Following Better-Than-Expected Q1 Results
• Neutral Sentiment: Management reaffirmed full-year 2026 guidance rather than raising it, which may temper enthusiasm even after the strong quarter. Advance Auto Q1 Earnings Beat Estimates on Strong Comps Growth
• Neutral Sentiment: Shareholders approved directors and governance matters at the annual meeting, a routine corporate update with limited immediate stock impact. Advance Auto Parts Shareholders Approve Directors and Governance Matters

Advance Auto Parts Company Profile

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.