Quantinno Capital Management LP Increases Stock Position in Advance Auto Parts, Inc. $AAP

Quantinno Capital Management LP lifted its position in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 64.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,710 shares of the company’s stock after purchasing an additional 19,555 shares during the period. Quantinno Capital Management LP owned 0.08% of Advance Auto Parts worth $2,622,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new position in shares of Advance Auto Parts in the 3rd quarter worth approximately $31,000. AlphaCore Capital LLC increased its position 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 acquiring an additional 308 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in Advance Auto Parts by 184.5% during the fourth quarter. Hantz Financial Services Inc. now owns 919 shares of the company’s stock worth $36,000 after acquiring an additional 596 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Advance Auto Parts by 290.3% during the second quarter. Smartleaf Asset Management LLC now owns 925 shares of the company’s stock worth $43,000 after acquiring an additional 688 shares during the period. Finally, Leonteq Securities AG purchased a new position in Advance Auto Parts in the fourth quarter worth $55,000. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Weiss Ratings upgraded Advance Auto Parts from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. Evercore set a $65.00 price target on shares of Advance Auto Parts in a report on Tuesday, August 4th. Mizuho increased their price target on shares of Advance Auto Parts from $54.00 to $58.00 and gave the company a “neutral” rating in a research report on Tuesday, May 26th. UBS Group raised their price objective on shares of Advance Auto Parts from $60.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, May 22nd. Finally, Citigroup lifted their price objective on shares of Advance Auto Parts from $57.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, May 22nd. Two research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $58.97.

Advance Auto Parts Stock Performance

Shares of AAP opened at $57.83 on Monday. The firm has a market cap of $3.49 billion, a PE ratio of 80.32, a PEG ratio of 0.95 and a beta of 1.03. The stock’s fifty day moving average price is $57.67 and its two-hundred day moving average price is $54.96. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.78 and a quick ratio of 0.85. Advance Auto Parts, Inc. has a 1 year low of $37.89 and a 1 year high of $65.21.

Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings results on Thursday, May 21st. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.38. Advance Auto Parts had a return on equity of 8.95% and a net margin of 0.51%.The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the prior year, the firm earned $0.40 EPS. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS. On average, equities research analysts forecast that Advance Auto Parts, Inc. will post 2.94 EPS for the current year.

Advance Auto Parts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Friday, July 10th. Advance Auto Parts’s dividend payout ratio (DPR) is currently 138.89%.

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.