Hussman Strategic Advisors Inc. Takes Position in Advance Auto Parts, Inc. $AAP

Hussman Strategic Advisors Inc. bought a new stake in shares of Advance Auto Parts, Inc. (NYSE:AAP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 21,000 shares of the company’s stock, valued at approximately $825,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Amalgamated Bank lifted its position in shares of Advance Auto Parts by 1.1% during the 3rd quarter. Amalgamated Bank now owns 17,270 shares of the company’s stock valued at $1,060,000 after buying an additional 185 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of Advance Auto Parts by 3.1% during the 2nd quarter. Hsbc Holdings PLC now owns 6,306 shares of the company’s stock valued at $293,000 after buying an additional 191 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Advance Auto Parts by 1.6% during the 3rd quarter. Arizona State Retirement System now owns 17,733 shares of the company’s stock valued at $1,089,000 after buying an additional 272 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Advance Auto Parts by 0.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 54,237 shares of the company’s stock valued at $3,330,000 after buying an additional 297 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Advance Auto Parts by 35.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,251 shares of the company’s stock valued at $79,000 after buying an additional 326 shares in the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Advance Auto Parts Trading Down 0.1%

Shares of AAP stock opened at $58.87 on Monday. Advance Auto Parts, Inc. has a fifty-two week low of $30.84 and a fifty-two week high of $70.00. The firm has a market capitalization of $3.55 billion, a P/E ratio of 80.64, a PEG ratio of 1.03 and a beta of 1.06. The stock’s fifty day moving average is $53.67 and its two-hundred day moving average is $50.46. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.87 and a current ratio of 1.75.

Advance Auto Parts (NYSE:AAP) last issued its earnings results on Friday, February 13th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.45. Advance Auto Parts had a return on equity of 6.23% and a net margin of 0.51%.The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period last year, the company earned ($10.16) EPS. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.10 EPS. Research analysts expect that Advance Auto Parts, Inc. will post 2.77 earnings per share for the current fiscal year.

Advance Auto Parts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Friday, April 10th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.7%. Advance Auto Parts’s dividend payout ratio (DPR) is 136.99%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AAP. TD Cowen restated a “hold” rating on shares of Advance Auto Parts in a report on Tuesday, February 17th. Evercore set a $60.00 price objective on Advance Auto Parts in a report on Wednesday, February 11th. Wells Fargo & Company raised their price objective on Advance Auto Parts from $40.00 to $50.00 and gave the company an “equal weight” rating in a report on Wednesday, February 11th. BMO Capital Markets raised their price objective on Advance Auto Parts from $55.00 to $60.00 and gave the company a “market perform” rating in a report on Tuesday, February 17th. Finally, Royal Bank Of Canada raised their price objective on Advance Auto Parts from $57.00 to $63.00 and gave the company a “sector perform” rating in a report on Tuesday, February 17th. Two equities 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. Based on data from MarketBeat.com, Advance Auto Parts currently has a consensus rating of “Reduce” and a consensus 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.