Public Employees Retirement Association of Colorado decreased its position in Advance Auto Parts Inc (NYSE:AAP) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,388 shares of the company’s stock after selling 9 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Advance Auto Parts were worth $1,677,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Cleararc Capital Inc. boosted its stake in shares of Advance Auto Parts by 0.4% in the first quarter. Cleararc Capital Inc. now owns 1,802 shares of the company’s stock worth $267,000 after buying an additional 7 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Advance Auto Parts by 3.2% in the first quarter. IFP Advisors Inc now owns 767 shares of the company’s stock worth $114,000 after buying an additional 24 shares during the last quarter. Strs Ohio boosted its stake in shares of Advance Auto Parts by 0.7% in the first quarter. Strs Ohio now owns 3,955 shares of the company’s stock worth $586,000 after buying an additional 28 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Advance Auto Parts by 3.0% in the first quarter. Pacer Advisors Inc. now owns 1,517 shares of the company’s stock worth $225,000 after buying an additional 44 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in shares of Advance Auto Parts by 3.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,964 shares of the company’s stock worth $272,000 after buying an additional 61 shares during the last quarter.

Shares of Advance Auto Parts Inc (NYSE:AAP) opened at 107.34 on Friday. Advance Auto Parts Inc has a 52 week low of $99.13 and a 52 week high of $177.83. The firm’s 50-day moving average is $108.57 and its 200 day moving average is $137.82. The firm has a market cap of $7.92 billion, a PE ratio of 19.45 and a beta of 0.87.

Advance Auto Parts (NYSE:AAP) last posted its earnings results on Wednesday, May 24th. The company reported $1.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.20 by $0.60. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.94 billion. Advance Auto Parts had a net margin of 4.31% and a return on equity of 16.02%. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period last year, the company posted $2.51 EPS. Equities research analysts forecast that Advance Auto Parts Inc will post $6.37 EPS for the current year.

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A number of brokerages have recently commented on AAP. Zacks Investment Research cut shares of Advance Auto Parts from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. Citigroup Inc. dropped their price objective on shares of Advance Auto Parts from $177.00 to $168.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 25th. UBS AG reaffirmed a “buy” rating and set a $180.00 price objective (down previously from $200.00) on shares of Advance Auto Parts in a research note on Wednesday, May 17th. Gabelli raised shares of Advance Auto Parts from a “hold” rating to a “buy” rating in a research note on Thursday, April 20th. Finally, Royal Bank Of Canada dropped their price objective on shares of Advance Auto Parts from $191.00 to $168.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 2nd. Five analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $149.06.

In other news, Director Adriana Karaboutis bought 367 shares of the stock in a transaction on Friday, June 2nd. The shares were bought at an average price of $135.28 per share, with a total value of $49,647.76. Following the completion of the acquisition, the director now owns 3,043 shares of the company’s stock, valued at $411,657.04. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Eugene I. Lee, Jr. bought 1,895 shares of the stock in a transaction on Friday, May 26th. The stock was purchased at an average cost of $132.18 per share, for a total transaction of $250,481.10. Following the acquisition, the director now directly owns 4,398 shares of the company’s stock, valued at approximately $581,327.64. The disclosure for this purchase can be found here. Insiders acquired 369,462 shares of company stock worth $49,617,073 in the last three months. 4.50% of the stock is owned by corporate insiders.

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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Institutional Ownership by Quarter for Advance Auto Parts (NYSE:AAP)

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