Royce & Associates LP Increases Position in Advance Auto Parts, Inc. $AAP

Royce & Associates LP boosted its holdings in Advance Auto Parts, Inc. (NYSE:AAP) by 30.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,478,633 shares of the company’s stock after purchasing an additional 345,217 shares during the quarter. Advance Auto Parts comprises 0.6% of Royce & Associates LP’s portfolio, making the stock its 23rd largest position. Royce & Associates LP’s holdings in Advance Auto Parts were worth $58,110,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Amalgamated Bank grew its holdings in Advance Auto Parts by 1.1% in the third quarter. Amalgamated Bank now owns 17,270 shares of the company’s stock worth $1,060,000 after purchasing an additional 185 shares during the period. Hsbc Holdings PLC grew its holdings in Advance Auto Parts by 3.1% in the second quarter. Hsbc Holdings PLC now owns 6,306 shares of the company’s stock worth $293,000 after purchasing an additional 191 shares during the period. Arizona State Retirement System grew its holdings in Advance Auto Parts by 1.6% in the third quarter. Arizona State Retirement System now owns 17,733 shares of the company’s stock worth $1,089,000 after purchasing an additional 272 shares during the period. Envestnet Asset Management Inc. grew its holdings in Advance Auto Parts by 0.6% in the third quarter. Envestnet Asset Management Inc. now owns 54,237 shares of the company’s stock worth $3,330,000 after purchasing an additional 297 shares during the period. Finally, AlphaCore Capital LLC grew its holdings in shares of Advance Auto Parts by 53.6% during the fourth quarter. AlphaCore Capital LLC now owns 883 shares of the company’s stock valued at $35,000 after buying an additional 308 shares during the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Advance Auto Parts Stock Down 0.6%

Shares of Advance Auto Parts stock opened at $57.63 on Tuesday. The company has a market cap of $3.48 billion, a price-to-earnings ratio of 80.04, a price-to-earnings-growth ratio of 1.02 and a beta of 1.06. The company’s 50 day moving average is $54.03 and its 200 day moving average is $50.51. Advance Auto Parts, Inc. has a twelve month low of $37.89 and a twelve month high of $70.00. 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 (NYSE:AAP) last issued its quarterly earnings data on Thursday, May 21st. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.38. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.05 billion. Advance Auto Parts had a net margin of 0.51% and a return on equity of 8.95%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.40 earnings per share. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS. Research analysts anticipate that Advance Auto Parts, Inc. will post 2.77 EPS for the current year.

Advance Auto Parts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be given a $0.25 dividend. The ex-dividend date is Friday, July 10th. This represents a $1.00 annualized dividend and a yield of 1.7%. Advance Auto Parts’s dividend payout ratio (DPR) is presently 138.89%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AAP. BMO Capital Markets increased their price target on shares of Advance Auto Parts from $60.00 to $65.00 and gave the company a “market perform” rating in a report on Friday. Wells Fargo & Company increased their price target on shares of Advance Auto Parts from $50.00 to $60.00 and gave the company an “equal weight” rating in a report on Friday. JPMorgan Chase & Co. cut their price target on shares of Advance Auto Parts from $64.00 to $59.00 and set a “neutral” rating on the stock in a report on Friday, May 15th. Deutsche Bank Aktiengesellschaft upgraded shares of Advance Auto Parts to a “buy” rating in a report on Friday. Finally, UBS Group increased their price target on shares of Advance Auto Parts from $60.00 to $65.00 and gave the company a “neutral” rating in a report on Friday. Two analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Advance Auto Parts currently has an average rating of “Hold” and an average target price of $57.62.

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.