15,438 Shares in Advance Auto Parts, Inc. $AAP Acquired by Fox Run Management L.L.C.

Fox Run Management L.L.C. acquired a new stake in Advance Auto Parts, Inc. (NYSE:AAP) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 15,438 shares of the company’s stock, valued at approximately $948,000.

Several other large investors have also recently added to or reduced their stakes in the company. AMG National Trust Bank grew its stake in shares of Advance Auto Parts by 0.6% in the third quarter. AMG National Trust Bank now owns 56,761 shares of the company’s stock valued at $3,485,000 after acquiring an additional 358 shares in the last quarter. Merit Financial Group LLC bought a new stake in Advance Auto Parts in the 3rd quarter valued at about $223,000. Public Sector Pension Investment Board grew its position in shares of Advance Auto Parts by 14.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 233,969 shares of the company’s stock worth $14,366,000 after purchasing an additional 30,020 shares in the last quarter. Connable Office Inc. acquired a new position in shares of Advance Auto Parts during the 3rd quarter worth approximately $208,000. Finally, Illinois Municipal Retirement Fund increased its holdings in shares of Advance Auto Parts by 8.4% during the third quarter. Illinois Municipal Retirement Fund now owns 32,287 shares of the company’s stock worth $1,982,000 after purchasing an additional 2,495 shares during the period. Institutional investors own 88.70% of the company’s stock.

Advance Auto Parts Stock Performance

NYSE:AAP opened at $52.00 on Friday. Advance Auto Parts, Inc. has a twelve month low of $28.89 and a twelve month high of $70.00. The company has a quick ratio of 0.87, a current ratio of 1.75 and a debt-to-equity ratio of 1.55. The stock’s 50-day simple moving average is $47.46 and its 200 day simple moving average is $52.28. The firm has a market capitalization of $3.13 billion, a PE ratio of 71.23, a price-to-earnings-growth ratio of 0.68 and a beta of 1.14.

Advance Auto Parts (NYSE:AAP) last posted its earnings results on Friday, February 13th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.45. The firm had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Advance Auto Parts had a net margin of 0.51% and a return on equity of 6.23%. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($10.16) earnings per share. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.10 EPS. On average, analysts anticipate that Advance Auto Parts, Inc. will post -0.46 EPS for the current fiscal year.

Advance Auto Parts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, April 10th will be given a $0.25 dividend. The ex-dividend date is Friday, April 10th. This represents a $1.00 dividend on an annualized basis and a yield of 1.9%. Advance Auto Parts’s dividend payout ratio (DPR) is currently 136.99%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Morgan Stanley set a $60.00 price target on Advance Auto Parts in a research note on Tuesday, February 17th. Wells Fargo & Company lifted their price objective on Advance Auto Parts from $40.00 to $50.00 and gave the company an “equal weight” rating in a report on Wednesday, February 11th. Citigroup upgraded Advance Auto Parts from a “hold” rating to a “buy” rating in a research report on Wednesday, January 21st. Northcoast Research upgraded Advance Auto Parts from a “neutral” rating to a “buy” rating and set a $55.00 price target on the stock in a research report on Wednesday, January 21st. Finally, UBS Group reaffirmed a “neutral” rating on shares of Advance Auto Parts in a research note on Monday, February 9th. Three analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $53.03.

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.