Millennium Management LLC raised its holdings in Advance Auto Parts, Inc. (NYSE:AAP) by 33.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,133,535 shares of the company’s stock after purchasing an additional 286,679 shares during the quarter. Millennium Management LLC’s holdings in Advance Auto Parts were worth $178,486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in AAP. Legacy Financial Advisors Inc. bought a new position in Advance Auto Parts in the 4th quarter valued at $38,000. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Advance Auto Parts by 38.2% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 329 shares of the company’s stock worth $52,000 after acquiring an additional 91 shares during the period. Enlightenment Research LLC bought a new position in shares of Advance Auto Parts during the 4th quarter worth $79,000. NINE MASTS CAPITAL Ltd bought a new position in shares of Advance Auto Parts during the 3rd quarter worth $164,000. Finally, Dupont Capital Management Corp grew its stake in shares of Advance Auto Parts by 14.9% during the 4th quarter. Dupont Capital Management Corp now owns 1,043 shares of the company’s stock worth $164,000 after acquiring an additional 135 shares during the period. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Several research firms have recently weighed in on AAP. Evercore ISI began coverage on Advance Auto Parts in a research note on Wednesday, March 20th. They set an “outperform” rating and a $185.00 price target for the company. Zacks Investment Research upgraded Advance Auto Parts from a “hold” rating to a “buy” rating and set a $177.00 price target for the company in a research note on Wednesday, December 19th. Barclays upgraded Advance Auto Parts from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $170.00 to $205.00 in a research note on Monday, January 7th. Wells Fargo & Co reiterated a “hold” rating and set a $175.00 price target on shares of Advance Auto Parts in a research note on Tuesday, February 19th. Finally, Bank of America upgraded 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. Four research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $187.61.

AAP traded up $3.56 during trading on Monday, reaching $168.40. 283,046 shares of the company were exchanged, compared to its average volume of 1,231,074. The stock has a market capitalization of $11.81 billion, a price-to-earnings ratio of 23.62, a price-to-earnings-growth ratio of 1.58 and a beta of 1.00. 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 12-month low of $102.15 and a 12-month high of $186.15.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Friday, March 22nd will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, March 21st. This represents a $0.24 dividend on an annualized basis and a yield of 0.14%. Advance Auto Parts’s dividend payout ratio (DPR) is 3.37%.

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About Advance Auto Parts

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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