Zuckerman Investment Group LLC Reduces Holdings in Advance Auto Parts, Inc. $AAP

Zuckerman Investment Group LLC reduced its position in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 93.5% during the third quarter, HoldingsChannel reports. The firm owned 10,913 shares of the company’s stock after selling 156,894 shares during the quarter. Zuckerman Investment Group LLC’s holdings in Advance Auto Parts were worth $670,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Federated Hermes Inc. increased its stake in 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 buying an additional 306,702 shares during the period. State Street Corp boosted its position in Advance Auto Parts by 13.5% in the 2nd quarter. State Street Corp now owns 2,406,039 shares of the company’s stock valued at $111,857,000 after buying an additional 286,148 shares during the last quarter. American Century Companies Inc. boosted 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 buying an additional 1,288,986 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Advance Auto Parts by 48.4% during the second quarter. Geode Capital Management LLC now owns 1,416,636 shares of the company’s stock valued at $65,867,000 after acquiring an additional 461,761 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Advance Auto Parts by 6.5% during the second quarter. Bank of America Corp DE now owns 947,754 shares of the company’s stock worth $44,061,000 after acquiring an additional 57,900 shares during the last quarter. 88.70% of the stock is owned by institutional investors and hedge funds.

Advance Auto Parts Stock Performance

Shares of NYSE AAP opened at $51.73 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.75 and a debt-to-equity ratio of 1.55. The firm’s 50-day moving average price is $50.07 and its two-hundred day moving average price is $51.82. Advance Auto Parts, Inc. has a 52-week low of $28.89 and a 52-week high of $70.00. The stock has a market capitalization of $3.11 billion, a P/E ratio of 70.87, a P/E/G ratio of 0.70 and a beta of 1.11.

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

Advance Auto Parts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, April 10th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, April 10th. Advance Auto Parts’s dividend payout ratio is presently 136.99%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AAP. Citigroup upgraded Advance Auto Parts from a “hold” rating to a “buy” rating in a research note on Wednesday, January 21st. Royal Bank Of Canada lifted their price objective 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. Evercore set a $60.00 target price on Advance Auto Parts in a research report on Wednesday, February 11th. BMO Capital Markets increased their target price on Advance Auto Parts from $55.00 to $60.00 and gave the company a “market perform” rating in a research note on Tuesday, February 17th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Advance Auto Parts in a research report on Wednesday, January 21st. Two research 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 data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $52.93.

Advance Auto Parts Company Profile

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.