Atria Investments LLC reduced its stake in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 15.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,417 shares of the company’s stock after selling 1,494 shares during the period. Atria Investments LLC’s holdings in Advance Auto Parts were worth $839,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. QS Investors LLC boosted its position in shares of Advance Auto Parts by 0.9% during the 2nd quarter. QS Investors LLC now owns 1,017 shares of the company’s stock worth $119,000 after purchasing an additional 9 shares in the last quarter. Federated Investors Inc. PA boosted its position in shares of Advance Auto Parts by 763.0% during the 2nd quarter. Federated Investors Inc. PA now owns 1,398 shares of the company’s stock worth $163,000 after purchasing an additional 1,236 shares in the last quarter. FDx Advisors Inc. purchased a new stake in shares of Advance Auto Parts during the 3rd quarter worth $201,000. Fiduciary Trust Co. boosted its position in shares of Advance Auto Parts by 40.4% during the 3rd quarter. Fiduciary Trust Co. now owns 2,128 shares of the company’s stock worth $211,000 after purchasing an additional 612 shares in the last quarter. Finally, Haverford Trust Co. purchased a new stake in shares of Advance Auto Parts during the 3rd quarter worth $216,000.

Several equities research analysts have commented on the stock. Zacks Investment Research lowered shares of Advance Auto Parts from a “buy” rating to a “hold” rating in a research report on Wednesday, January 17th. Stephens set a $108.00 target price on shares of Advance Auto Parts and gave the stock a “hold” rating in a research report on Tuesday, January 16th. Morgan Stanley set a $120.00 target price on shares of Advance Auto Parts and gave the stock a “buy” rating in a research report on Tuesday, December 12th. Moffett Nathanson assumed coverage on shares of Advance Auto Parts in a research report on Monday, December 4th. They set a “neutral” rating on the stock. Finally, Jefferies Group decreased their target price on shares of Advance Auto Parts from $130.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $107.91.

Advance Auto Parts, Inc. (NYSE AAP) opened at $117.02 on Monday. The stock has a market cap of $8,647.54, a PE ratio of 24.53, a price-to-earnings-growth ratio of 1.95 and a beta of 1.00. The company has a quick ratio of 0.32, a current ratio of 1.52 and a debt-to-equity ratio of 0.32. Advance Auto Parts, Inc. has a 1-year low of $78.81 and a 1-year high of $172.91.

Advance Auto Parts (NYSE:AAP) last released its earnings results on Tuesday, November 14th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.18. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.21 billion. Advance Auto Parts had a net margin of 3.75% and a return on equity of 13.51%. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.73 EPS. equities research analysts predict that Advance Auto Parts, Inc. will post 5.24 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Friday, December 22nd were issued a $0.06 dividend. The ex-dividend date was Thursday, December 21st. This represents a $0.24 dividend on an annualized basis and a yield of 0.21%. Advance Auto Parts’s dividend payout ratio (DPR) is 5.03%.

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Advance Auto Parts Company Profile

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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