Advance Auto Parts Inc. (NYSE:AAP) shares saw strong trading volume on Monday . 903,904 shares were traded during mid-day trading, an increase of 2% from the previous session’s volume of 885,485 shares.The stock last traded at $168.48 and had previously closed at $166.00.

A number of research analysts recently issued reports on AAP shares. Royal Bank Of Canada reiterated a “buy” rating on shares of Advance Auto Parts in a research note on Sunday, May 22nd. Credit Suisse Group AG reiterated a “buy” rating on shares of Advance Auto Parts in a research note on Sunday, May 22nd. Morgan Stanley reiterated a “buy” rating on shares of Advance Auto Parts in a research note on Sunday, May 22nd. Deutsche Bank AG reiterated a “buy” rating and issued a $175.00 price target on shares of Advance Auto Parts in a research note on Wednesday, June 15th. Finally, Vetr upgraded shares of Advance Auto Parts from a “hold” rating to a “buy” rating and set a $161.00 price target for the company in a research note on Thursday, May 5th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $168.72.

The stock’s 50-day moving average is $164.94 and its 200 day moving average is $156.16. The stock has a market cap of $12.31 billion and a P/E ratio of 25.65.

Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings data on Thursday, May 19th. The company reported $2.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.60 by $0.09. The business had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same period last year, the business earned $2.39 earnings per share. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. Equities analysts anticipate that Advance Auto Parts Inc. will post $7.86 earnings per share for the current fiscal year.

In other Advance Auto Parts news, EVP Charles E. Tyson sold 5,527 shares of the stock in a transaction that occurred on Tuesday, May 24th. The shares were sold at an average price of $149.19, for a total value of $824,573.13. Following the completion of the sale, the executive vice president now owns 27,199 shares of the company’s stock, valued at $4,057,818.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Tammy M. Finley sold 272 shares of the stock in a transaction that occurred on Friday, June 17th. The shares were sold at an average price of $154.29, for a total transaction of $41,966.88. Following the completion of the sale, the executive vice president now directly owns 8,903 shares of the company’s stock, valued at approximately $1,373,643.87. The disclosure for this sale can be found here.

Other hedge funds recently added to or reduced their stakes in the company. Utah Retirement Systems increased its stake in Advance Auto Parts by 0.8% in the fourth quarter. Utah Retirement Systems now owns 13,236 shares of the company’s stock worth $1,992,000 after buying an additional 100 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in Advance Auto Parts by 1.7% in the fourth quarter. Mutual of America Capital Management LLC now owns 8,232 shares of the company’s stock worth $1,239,000 after buying an additional 137 shares during the last quarter. Advantus Capital Management Inc increased its stake in Advance Auto Parts by 4.4% in the fourth quarter. Advantus Capital Management Inc now owns 7,189 shares of the company’s stock worth $1,082,000 after buying an additional 300 shares during the last quarter. American International Group Inc. increased its stake in Advance Auto Parts by 5.5% in the fourth quarter. American International Group Inc. now owns 28,660 shares of the company’s stock worth $4,312,000 after buying an additional 1,490 shares during the last quarter. Finally, Andra AP fonden increased its stake in Advance Auto Parts by 31.8% in the fourth quarter. Andra AP fonden now owns 14,100 shares of the company’s stock worth $2,122,000 after buying an additional 3,400 shares during the last quarter.

Advance Auto Parts, Inc provides automotive aftermarket parts in North America, serving do-it-for-me (commercial) and do-it-yourself (DIY), customers, as well as independently owned operators. The Company’s stores and branches offer a selection of brand name, original equipment manufacturer (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks.

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