Thrivent Financial for Lutherans Decreases Position in Advance Auto Parts, Inc. $AAP

Thrivent Financial for Lutherans decreased its position in Advance Auto Parts, Inc. (NYSE:AAP) by 10.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 787,865 shares of the company’s stock after selling 90,835 shares during the period. Thrivent Financial for Lutherans owned about 1.31% of Advance Auto Parts worth $30,963,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in shares of Advance Auto Parts by 559.0% during the 3rd quarter. American Century Companies Inc. now owns 1,519,591 shares of the company’s stock valued at $93,303,000 after buying an additional 1,288,986 shares in the last quarter. Maple Rock Capital Partners Inc. boosted its holdings in shares of Advance Auto Parts by 508.2% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 951,790 shares of the company’s stock valued at $58,440,000 after buying an additional 795,290 shares in the last quarter. Wellington Management Group LLP bought a new position in Advance Auto Parts in the 3rd quarter worth about $33,610,000. Ameriprise Financial Inc. boosted its stake in Advance Auto Parts by 196.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 679,926 shares of the company’s stock worth $41,747,000 after purchasing an additional 450,738 shares in the last quarter. Finally, Federated Hermes Inc. boosted its stake in Advance Auto Parts by 12.8% in the 3rd quarter. Federated Hermes Inc. now owns 2,694,027 shares of the company’s stock worth $165,413,000 after purchasing an additional 306,702 shares in the last quarter. Institutional investors own 88.70% of the company’s stock.

Advance Auto Parts Stock Performance

AAP stock opened at $47.17 on Monday. 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 business’s fifty day simple moving average is $53.72 and its two-hundred day simple moving average is $50.37. Advance Auto Parts, Inc. has a twelve month low of $31.28 and a twelve month high of $70.00. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 64.62, a PEG ratio of 0.83 and a beta of 1.06.

Advance Auto Parts (NYSE:AAP) last released its earnings results on Friday, February 13th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.45. Advance Auto Parts had a return on equity of 6.23% and a net margin of 0.51%.The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter last year, the firm posted ($10.16) earnings per share. The business’s revenue was down 1.2% compared to the same quarter last year. Analysts predict that Advance Auto Parts, Inc. will post 2.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. DA Davidson set a $58.00 price target on shares of Advance Auto Parts in a research note on Tuesday, February 17th. Wells Fargo & Company upped their price target on shares of Advance Auto Parts from $40.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 11th. Morgan Stanley set a $60.00 price target on shares of Advance Auto Parts in a research note on Tuesday, February 17th. Northcoast Research upgraded shares of Advance Auto Parts from a “neutral” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Wednesday, January 21st. Finally, Roth Mkm reiterated a “neutral” rating and issued a $57.00 price target on shares of Advance Auto Parts in a research note on Thursday, February 19th. One analyst has rated the stock with a Buy rating, eighteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $52.72.

Advance Auto Parts 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.