Advance Auto Parts Inc. (NYSE:AAP) shares saw unusually-strong trading volume on Monday . Approximately 903,904 shares traded hands during 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 equities analysts have recently issued reports on AAP shares. Morgan Stanley reiterated a “buy” rating on shares of Advance Auto Parts in a research report on Sunday, May 22nd. BTIG Research started coverage on shares of Advance Auto Parts in a research report on Wednesday, June 1st. They set a “sell” rating and a $120.00 target price on the stock. Royal Bank Of Canada reduced their target price on shares of Advance Auto Parts from $170.00 to $157.00 and set an “outperform” rating on the stock in a research report on Friday, May 20th. Raymond James Financial Inc. lowered shares of Advance Auto Parts from a “strong-buy” rating to a “market perform” rating in a research report on Thursday, May 5th. Finally, Citigroup Inc. reduced their target price on shares of Advance Auto Parts from $155.00 to $145.00 and set a “neutral” rating on the stock in a research report on Friday, May 20th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $170.41.

The company has a 50-day moving average of $165.13 and a 200 day moving average of $156.22. The firm has a market capitalization of $11.59 billion and a price-to-earnings ratio of 24.142.

Advance Auto Parts (NYSE:AAP) last posted its earnings results on Tuesday, August 16th. The company reported $1.90 EPS for the quarter, missing the consensus estimate of $2.12 by $0.22. During the same quarter in the previous year, the company posted $2.27 EPS. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.24 billion. Advance Auto Parts’s revenue for the quarter was down 4.8% compared to the same quarter last year. On average, equities analysts forecast that Advance Auto Parts Inc. will post $7.69 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 7th. Investors of record on Friday, September 23rd will be given a dividend of $0.06 per share. The ex-dividend date is Wednesday, September 21st. This represents a $0.24 annualized dividend and a yield of 0.15%.

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

Several hedge funds and institutional investors have recently modified their holdings of the company. American International Group Inc. increased its position in shares of 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 period. Utah Retirement Systems increased its position in shares of 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 period. KBC Group NV increased its position in shares of Advance Auto Parts by 18.4% in the fourth quarter. KBC Group NV now owns 28,038 shares of the company’s stock worth $4,220,000 after buying an additional 4,360 shares during the period. State of Tennessee Treasury Department increased its position in shares of Advance Auto Parts by 422.8% in the fourth quarter. State of Tennessee Treasury Department now owns 58,559 shares of the company’s stock worth $8,814,000 after buying an additional 47,359 shares during the period. Finally, I.G. Investment Management LTD. increased its position in shares of Advance Auto Parts by 51.9% in the fourth quarter. I.G. Investment Management LTD. now owns 45,929 shares of the company’s stock worth $6,913,000 after buying an additional 15,688 shares during the period.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.