Advance Auto Parts, Inc. $AAP Holdings Boosted by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP boosted its holdings in Advance Auto Parts, Inc. (NYSE:AAP) by 32,142.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 61,906 shares of the company’s stock after purchasing an additional 61,714 shares during the quarter. Fulcrum Asset Management LLP owned about 0.10% of Advance Auto Parts worth $2,460,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CenterBook Partners LP increased its position in shares of Advance Auto Parts by 120.8% during the third quarter. CenterBook Partners LP now owns 16,026 shares of the company’s stock worth $624,000 after acquiring an additional 8,769 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in Advance Auto Parts by 36.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 426,060 shares of the company’s stock valued at $16,578,000 after purchasing an additional 114,945 shares during the last quarter. Bfsg LLC boosted its stake in Advance Auto Parts by 12.8% during the 3rd quarter. Bfsg LLC now owns 4,584 shares of the company’s stock valued at $178,000 after purchasing an additional 520 shares during the last quarter. Chicago Partners Investment Group LLC bought a new stake in Advance Auto Parts during the 3rd quarter worth approximately $318,000. Finally, Pzena Investment Management LLC increased its holdings in Advance Auto Parts by 13.6% during the 3rd quarter. Pzena Investment Management LLC now owns 4,986,453 shares of the company’s stock worth $194,023,000 after purchasing an additional 596,952 shares in the last quarter. Institutional investors own 88.70% of the company’s stock.

Analyst Ratings Changes

AAP has been the topic of a number of recent research reports. Royal Bank Of Canada raised their target price on Advance Auto Parts from $49.00 to $51.00 and gave the company a “sector perform” rating in a report on Friday, November 6th. JPMorgan Chase & Co. upped their price target on Advance Auto Parts from $55.00 to $57.00 and gave the stock a “neutral” rating in a report on Friday, November 6th. Rothschild & Co Redburn lowered Advance Auto Parts from a “neutral” rating to a “sell” rating and lowered their price target for the company from $45.00 to $32.00 in a research report on Monday, October 26th. Guggenheim restated a “neutral” rating on shares of Advance Auto Parts in a research note on Friday, August 21st. Finally, Wells Fargo & Company cut their price objective on shares of Advance Auto Parts from $60.00 to $50.00 and set an “equal weight” rating on the stock in a report on Friday, August 21st. Three research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $47.50.

Advance Auto Parts Stock Performance

Shares of AAP opened at $45.77 on Wednesday. The stock has a 50 day moving average of $43.44 and a 200 day moving average of $51.73. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 0.97 and a beta of 1.02. Advance Auto Parts, Inc. has a 12 month low of $37.89 and a 12 month high of $65.20. The company has a current ratio of 1.63, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34.

Advance Auto Parts (NYSE:AAP) last announced its earnings results on Thursday, November 5th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.02. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.04 billion. Advance Auto Parts had a return on equity of 9.41% and a net margin of 1.16%. The business’s revenue was down 1.2% compared to the same quarter last year. During the same period last year, the firm posted $0.92 EPS. As a group, sell-side analysts forecast that Advance Auto Parts, Inc. will post 2.93 earnings per share for the current year.

Advance Auto Parts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 22nd. Investors of record on Friday, January 8th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, January 8th. Advance Auto Parts’s dividend payout ratio (DPR) is 60.98%.

Advance Auto Parts Profile

Advance Auto Parts, Inc. is a retailer of automotive aftermarket parts, accessories and maintenance products. Its offerings include replacement parts, batteries, tools, fluids and other supplies for a range of vehicles. The company serves both do-it-yourself customers and professional automotive repair shops through its stores, online channels and network of independent locations. Its retail banners include Advance Auto Parts and Carquest. Advance Auto Parts traces its roots to 1932, when the business began in Roanoke, Virginia.