QS Investors LLC increased its holdings in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 189.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 15,834 shares of the company’s stock after buying an additional 10,372 shares during the period. QS Investors LLC’s holdings in Advance Auto Parts were worth $2,494,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. DNB Asset Management AS purchased a new position in Advance Auto Parts in the 4th quarter valued at about $4,109,000. Diversified Trust Co lifted its stake in Advance Auto Parts by 4.1% in the 4th quarter. Diversified Trust Co now owns 1,539 shares of the company’s stock valued at $242,000 after buying an additional 60 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in Advance Auto Parts in the 4th quarter valued at about $314,000. Morgan Stanley lifted its stake in Advance Auto Parts by 138.7% in the 3rd quarter. Morgan Stanley now owns 532,494 shares of the company’s stock valued at $89,634,000 after buying an additional 309,406 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Advance Auto Parts by 3,610.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 69,093 shares of the company’s stock valued at $10,879,000 after buying an additional 67,231 shares in the last quarter. Hedge funds and other institutional investors own 98.52% of the company’s stock.

AAP opened at $161.57 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.44 and a current ratio of 1.57. Advance Auto Parts, Inc. has a 1-year low of $102.15 and a 1-year high of $186.15. The company has a market capitalization of $11.10 billion, a price-to-earnings ratio of 22.66, a price-to-earnings-growth ratio of 1.48 and a beta of 1.00.

Advance Auto Parts (NYSE:AAP) last released its earnings results on Tuesday, February 19th. The company reported $1.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.03. Advance Auto Parts had a net margin of 4.42% and a return on equity of 14.64%. The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. During the same period last year, the company posted $0.77 EPS. The business’s revenue was up 3.3% on a year-over-year basis. Sell-side analysts forecast that Advance Auto Parts, Inc. will post 8.12 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Friday, March 22nd will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.15%. The ex-dividend date of this dividend is Thursday, March 21st. Advance Auto Parts’s dividend payout ratio (DPR) is 3.37%.

A number of research analysts recently weighed in on AAP shares. Zacks Investment Research raised shares of Advance Auto Parts from a “hold” rating to a “buy” rating and set a $199.00 price target on the stock in a research note on Tuesday, November 20th. Bank of America raised shares of Advance Auto Parts from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 9th. They noted that the move was a valuation call. Credit Suisse Group reaffirmed a “buy” rating and issued a $195.00 price target on shares of Advance Auto Parts in a research note on Tuesday, February 19th. Finally, Jefferies Financial Group decreased their price target on shares of Advance Auto Parts to $195.00 and set a “buy” rating on the stock in a research note on Wednesday, February 20th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $187.76.

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Advance Auto Parts Profile

Advance Auto Parts, Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories, belts and hoses, brakes and brake pads, chassis and climate control parts, clutches and drive shafts, engines and engine parts, exhaust systems and parts, hub assemblies, ignition components and wires, radiators and cooling parts, starters and alternators, and steering and alignment parts.

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

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