Cramer Rosenthal Mcglynn LLC Acquires New Holdings in Advance Auto Parts, Inc. $AAP

Cramer Rosenthal Mcglynn LLC bought a new stake in Advance Auto Parts, Inc. (NYSE:AAP) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 64,332 shares of the company’s stock, valued at approximately $3,950,000.

A number of other institutional investors have also made changes to their positions in AAP. Federated Hermes Inc. boosted its position in shares of Advance Auto Parts by 12.8% during the 3rd quarter. Federated Hermes Inc. now owns 2,694,027 shares of the company’s stock worth $165,413,000 after purchasing an additional 306,702 shares during the period. State Street Corp boosted its holdings in Advance Auto Parts by 13.5% during the 2nd quarter. State Street Corp now owns 2,406,039 shares of the company’s stock valued at $111,857,000 after acquiring an additional 286,148 shares during the period. American Century Companies Inc. grew its position in Advance Auto Parts by 559.0% in the 3rd quarter. American Century Companies Inc. now owns 1,519,591 shares of the company’s stock valued at $93,303,000 after acquiring an additional 1,288,986 shares in the last quarter. Geode Capital Management LLC increased its stake in Advance Auto Parts by 48.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,416,636 shares of the company’s stock worth $65,867,000 after buying an additional 461,761 shares during the period. Finally, Bank of America Corp DE lifted its holdings in Advance Auto Parts by 6.5% during the 2nd quarter. Bank of America Corp DE now owns 947,754 shares of the company’s stock worth $44,061,000 after buying an additional 57,900 shares in the last quarter. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Advance Auto Parts Price Performance

Shares of NYSE AAP opened at $51.09 on Friday. The company has a current ratio of 1.75, a quick ratio of 0.87 and a debt-to-equity ratio of 1.55. The stock has a market cap of $3.07 billion, a P/E ratio of 69.99, a P/E/G ratio of 0.68 and a beta of 1.11. The stock has a 50 day moving average of $48.63 and a two-hundred day moving average of $52.05. Advance Auto Parts, Inc. has a twelve month low of $28.89 and a twelve month high of $70.00.

Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings data on Friday, February 13th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.45. The company had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.95 billion. Advance Auto Parts had a net margin of 0.51% and a return on equity of 6.23%. Advance Auto Parts’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the business posted ($10.16) earnings per share. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.10 EPS. On average, research analysts forecast that Advance Auto Parts, Inc. will post -0.46 earnings per share for the current year.

Advance Auto Parts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, April 10th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, April 10th. Advance Auto Parts’s dividend payout ratio (DPR) is 136.99%.

Analyst Upgrades and Downgrades

Several research firms have commented on AAP. Weiss Ratings restated a “sell (d)” rating on shares of Advance Auto Parts in a research note on Wednesday, January 21st. Roth Mkm reissued a “neutral” rating and set a $57.00 price objective on shares of Advance Auto Parts in a research report on Thursday, February 19th. Wells Fargo & Company raised their price objective on shares of Advance Auto Parts from $40.00 to $50.00 and gave the company an “equal weight” rating in a report on Wednesday, February 11th. Truist Financial increased their target price on Advance Auto Parts from $48.00 to $57.00 and gave the company a “hold” rating in a report on Tuesday, February 17th. Finally, Royal Bank Of Canada lifted their price target on Advance Auto Parts from $57.00 to $63.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 17th. Two analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $52.93.

About Advance Auto Parts

Advance Auto Parts, Inc (NYSE: AAP) is a leading distributor of automotive aftermarket parts, accessories, and maintenance items. The company operates a network of stores and distribution centers across North America, serving both do-it-yourself (DIY) customers and professional service providers. Advance Auto Parts focuses on offering a comprehensive selection of replacement parts, batteries, engine components, and performance products for cars and light trucks.

The company’s product portfolio includes engine oils and lubricants, cooling system components, brake and suspension parts, filters, belts, hoses, and diagnostic tools.