Advance Auto Parts, Inc. $AAP Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers lifted its position in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 73.2% in the first quarter, Holdings Channel reports. The firm owned 25,692 shares of the company’s stock after purchasing an additional 10,859 shares during the period. Cetera Investment Advisers’ holdings in Advance Auto Parts were worth $1,355,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada raised its holdings in Advance Auto Parts by 107.2% in the first quarter. Royal Bank of Canada now owns 79,558 shares of the company’s stock valued at $3,119,000 after buying an additional 41,157 shares during the period. Goldman Sachs Group Inc. lifted its position in Advance Auto Parts by 327.7% during the first quarter. Goldman Sachs Group Inc. now owns 362,918 shares of the company’s stock valued at $14,230,000 after buying an additional 278,066 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Advance Auto Parts by 14.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 180,979 shares of the company’s stock worth $7,096,000 after buying an additional 23,018 shares during the period. Hsbc Holdings PLC grew its stake in Advance Auto Parts by 3.1% during the second quarter. Hsbc Holdings PLC now owns 6,306 shares of the company’s stock worth $293,000 after buying an additional 191 shares during the period. Finally, Baird Financial Group Inc. increased its position in shares of Advance Auto Parts by 2.7% in the second quarter. Baird Financial Group Inc. now owns 56,782 shares of the company’s stock worth $2,640,000 after acquiring an additional 1,515 shares in the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Advance Auto Parts Trading Up 1.3%

Shares of AAP opened at $53.64 on Thursday. Advance Auto Parts, Inc. has a one year low of $37.89 and a one year high of $65.21. The stock has a 50-day moving average price of $57.43 and a 200 day moving average price of $55.17. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.85 and a current ratio of 1.78. The company has a market capitalization of $3.24 billion, a P/E ratio of 74.50, a P/E/G ratio of 0.87 and a beta of 1.03.

Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings data on Thursday, May 21st. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.38. Advance Auto Parts had a return on equity of 8.95% and a net margin of 0.51%.The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the previous year, the business earned $0.40 EPS. Advance Auto Parts’s revenue for the quarter was up 1.2% compared to the same quarter last year. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS. Sell-side analysts forecast that Advance Auto Parts, Inc. will post 2.94 EPS for the current fiscal year.

Advance Auto Parts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, July 10th. Advance Auto Parts’s payout ratio is 138.89%.

Analyst Upgrades and Downgrades

AAP has been the topic of a number of research reports. Mizuho raised their target price on shares of Advance Auto Parts from $54.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, May 26th. Evercore set a $65.00 price target on shares of Advance Auto Parts in a research report on Tuesday, August 4th. Royal Bank Of Canada increased their price target on Advance Auto Parts from $62.00 to $65.00 and gave the company a “sector perform” rating in a report on Friday, May 22nd. Morgan Stanley raised their price objective on Advance Auto Parts from $60.00 to $65.00 and gave the company an “equal weight” rating in a research report on Friday, May 22nd. Finally, Weiss Ratings upgraded Advance Auto Parts from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. Two investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Advance Auto Parts has an average rating of “Hold” and an average price target of $58.97.

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.