Advance Auto Parts, Inc. (AAP) Position Maintained by Cohen Capital Management Inc.
Cohen Capital Management Inc. maintained its stake in Advance Auto Parts, Inc. (NYSE:AAP) during the first quarter, Holdings Channel reports. The institutional investor owned 16,100 shares of the company’s stock at the end of the first quarter. Cohen Capital Management Inc.’s holdings in Advance Auto Parts were worth $2,387,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of AAP. State Street Corp increased its stake in Advance Auto Parts by 4.9% in the fourth quarter. State Street Corp now owns 3,538,664 shares of the company’s stock worth $598,499,000 after buying an additional 165,357 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Advance Auto Parts by 1.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,883,558 shares of the company’s stock worth $280,876,000 after buying an additional 26,132 shares in the last quarter. BlackRock Fund Advisors increased its stake in Advance Auto Parts by 2.8% in the third quarter. BlackRock Fund Advisors now owns 1,168,615 shares of the company’s stock worth $174,264,000 after buying an additional 31,497 shares in the last quarter. Artisan Partners Limited Partnership increased its stake in Advance Auto Parts by 157.8% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,162,164 shares of the company’s stock worth $196,545,000 after buying an additional 711,324 shares in the last quarter. Finally, Epoch Investment Partners Inc. increased its stake in Advance Auto Parts by 4.5% in the third quarter. Epoch Investment Partners Inc. now owns 1,011,562 shares of the company’s stock worth $150,844,000 after buying an additional 43,118 shares in the last quarter. Institutional investors own 98.67% of the company’s stock.
Advance Auto Parts, Inc. (NYSE:AAP) traded up 0.05% on Tuesday, hitting $140.91. The stock had a trading volume of 646,351 shares. Advance Auto Parts, Inc. has a 12 month low of $132.98 and a 12 month high of $177.83. The stock has a market cap of $10.36 billion, a PE ratio of 22.73 and a beta of 1.10. The firm’s 50 day moving average price is $149.83 and its 200-day moving average price is $157.66. Advance Auto Parts also saw unusually large options trading on Monday. Traders purchased 5,297 put options on the stock. This represents an increase of 678% compared to the typical daily volume of 681 put options.
Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings data on Tuesday, February 21st. The company reported $1.00 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by $0.09. Advance Auto Parts had a return on equity of 20.42% and a net margin of 4.75%. The firm earned $2.08 billion during the quarter, compared to analyst estimates of $2 billion. During the same quarter in the previous year, the firm posted $1.22 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. On average, analysts forecast that Advance Auto Parts, Inc. will post $7.56 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 7th. Investors of record on Friday, March 24th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.17%. The ex-dividend date of this dividend was Wednesday, March 22nd. Advance Auto Parts’s payout ratio is 3.94%.
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A number of equities research analysts recently commented on AAP shares. Deutsche Bank AG boosted their target price on Advance Auto Parts from $185.00 to $192.00 and gave the stock a “buy” rating in a research report on Wednesday, January 18th. Bank of America Corp downgraded Advance Auto Parts from a “buy” rating to a “neutral” rating in a research report on Friday, January 13th. BTIG Research restated a “sell” rating and set a $120.00 price objective on shares of Advance Auto Parts in a research report on Wednesday, February 22nd. Guggenheim started coverage on Advance Auto Parts in a research report on Wednesday, January 18th. They set a “neutral” rating on the stock. Finally, TheStreet downgraded Advance Auto Parts from a “b” rating to a “c+” rating in a research report on Monday, March 27th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Advance Auto Parts currently has an average rating of “Buy” and an average price target of $171.97.
In other news, insider Thomas Greco acquired 6,500 shares of the stock in a transaction that occurred on Tuesday, March 7th. The shares were bought at an average cost of $154.29 per share, for a total transaction of $1,002,885.00. Following the acquisition, the insider now owns 107,936 shares in the company, valued at approximately $16,653,445.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Charles E. Tyson sold 18,944 shares of Advance Auto Parts stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $153.46, for a total value of $2,907,146.24. Following the completion of the sale, the executive vice president now owns 21,948 shares in the company, valued at $3,368,140.08. The disclosure for this sale can be found here. Insiders own 4.50% of the company’s stock.
About Advance Auto Parts
Advance Auto Parts, Inc provides automotive aftermarket parts in North America, serving do-it-for-me (Professional) and do-it-yourself (DIY), customers. 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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