Advance Auto Parts, Inc. (NYSE:AAP) Shares Sold by National Bank of Canada FI
National Bank of Canada FI decreased its position in shares of Advance Auto Parts, Inc. (NYSE:AAP – Free Report) by 31.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 519 shares of the company’s stock after selling 235 shares during the period. National Bank of Canada FI’s holdings in Advance Auto Parts were worth $32,000 at the end of the most recent reporting period. A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AAP. Fuller & Thaler Asset Management Inc. grew its stake in Advance Auto Parts by 2,226.6% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 2,026,668 shares of the company’s stock valued at $113,352,000 after purchasing an additional 1,939,560 shares in the last quarter. Pzena Investment Management LLC acquired a new position in Advance Auto Parts during the 3rd quarter worth $73,882,000. Federated Hermes Inc. raised its stake in shares of Advance Auto Parts by 2,716,800.0% in the 4th quarter. Federated Hermes Inc. now owns 842,239 shares of the company’s stock valued at $51,402,000 after purchasing an additional 842,208 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in Advance Auto Parts by 94.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 931,125 shares of the company’s stock worth $52,078,000 after purchasing an additional 452,488 shares in the last quarter. Finally, River Road Asset Management LLC increased its holdings in Advance Auto Parts by 125.1% in the third quarter. River Road Asset Management LLC now owns 744,080 shares of the company’s stock valued at $41,616,000 after buying an additional 413,489 shares during the last quarter. 88.75% of the stock is owned by hedge funds and other institutional investors. Insider Activity at Advance Auto Parts In other Advance Auto Parts news, Director Carla Jean Bailo bought 310 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was bought at an average cost of $81.19 per share, with a total value of $25,168.90. Following the completion of the transaction, the director now directly owns 5,789 shares of the company’s stock, valued at approximately $470,008.91. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other news, EVP Herman L. Word, Jr. sold 1,858 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $86.08, for a total transaction of $159,936.64. Following the transaction, the executive vice president now owns 10,448 shares in the company, valued at approximately $899,363.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Carla Jean Bailo purchased 310 shares of the business’s stock in a transaction on Monday, March 18th. The stock was purchased at an average cost of $81.19 per share, with a total value of $25,168.90. Following the acquisition, the director now owns 5,789 shares in the company, valued at $470,008.91. The disclosure for this purchase can be found here. 0.35% of the stock is currently owned by insiders. Advance Auto Parts Stock Up 0.8 % AAP opened at $74.55 on Monday. The stock’s fifty day moving average is $78.18 and its 200-day moving average is $67.07. Advance Auto Parts, Inc. has a one year low of $47.73 and a one year high of $122.11. The company has a market capitalization of $4.44 billion, a PE ratio of 100.74, a P/E/G ratio of 1.35 and a beta of 1.20. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.29 and a current ratio of 1.20. Advance Auto Parts (NYSE:AAP – Get Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The company reported ($0.59) EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.83). Advance Auto Parts had a net margin of 0.39% and a return on equity of 1.68%. The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same quarter last year, the company posted $2.88 EPS. Advance Auto Parts’s revenue was down .4% on a year-over-year basis. On average, equities analysts predict that Advance Auto Parts, Inc. will post 3.94 EPS for the current fiscal year. Analyst Ratings Changes AAP has been the subject of a number of research analyst reports. Royal Bank of Canada boosted their price target on Advance Auto Parts from $47.00 to $68.00 and gave the company a “sector perform” rating in a report on Thursday, February 29th. Evercore ISI lowered their price objective on shares of Advance Auto Parts from $82.00 to $78.00 and set an “in-line” rating for the company in a research report on Tuesday, April 16th. Mizuho assumed coverage on Advance Auto Parts in a research note on Tuesday, March 19th. They issued a “neutral” rating and a $78.00 target price for the company. StockNews.com cut Advance Auto Parts from a “hold” rating to a “sell” rating in a research report on Monday, May 13th. Finally, Truist Financial upped their price objective on Advance Auto Parts from $60.00 to $70.00 and gave the stock a “hold” rating in a research note on Tuesday, April 2nd. Three research analysts have rated the stock with a sell rating and sixteen have issued a hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $64.56. Read Our Latest Research Report on AAP Advance Auto Parts Company Profile (Free Report) Advance Auto Parts, Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories; belts and hoses; brakes and brake pads; chassis and climate control parts; clutches and drive shafts; engines and engine parts; exhaust systems and parts; hub assemblies; ignition components and wires; radiators and cooling parts; starters and alternators; and steering and alignment parts.
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