155,880 Shares in Advance Auto Parts, Inc. $AAP Acquired by Legal & General Group Plc

Legal & General Group Plc bought a new stake in Advance Auto Parts, Inc. (NYSE:AAP) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 155,880 shares of the company’s stock, valued at approximately $9,699,000.

A number of other institutional investors also recently added to or reduced their stakes in AAP. Hsbc Holdings PLC grew its holdings in Advance Auto Parts by 3.1% during the 2nd quarter. Hsbc Holdings PLC now owns 6,306 shares of the company’s stock worth $293,000 after acquiring an additional 191 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Advance Auto Parts by 9.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,224 shares of the company’s stock valued at $117,000 after purchasing an additional 200 shares in the last quarter. AlphaCore Capital LLC lifted its position in shares of Advance Auto Parts by 53.6% during the 4th quarter. AlphaCore Capital LLC now owns 883 shares of the company’s stock worth $35,000 after purchasing an additional 308 shares during the last quarter. ProShare Advisors LLC lifted its position in shares of Advance Auto Parts by 3.2% during the 4th quarter. ProShare Advisors LLC now owns 11,673 shares of the company’s stock worth $459,000 after purchasing an additional 362 shares during the last quarter. Finally, LPL Financial LLC grew its stake in shares of Advance Auto Parts by 2.0% during the fourth quarter. LPL Financial LLC now owns 19,410 shares of the company’s stock worth $763,000 after purchasing an additional 380 shares in the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Advance Auto Parts Price Performance

Shares of NYSE:AAP opened at $42.72 on Wednesday. The company has a 50-day simple moving average of $54.43 and a 200-day simple moving average of $54.81. Advance Auto Parts, Inc. has a one year low of $37.89 and a one year high of $65.21. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.85 and a current ratio of 1.75. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 31.18, a PEG ratio of 0.68 and a beta of 1.01.

Advance Auto Parts (NYSE:AAP) last announced its earnings results on Thursday, August 20th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.22. Advance Auto Parts had a net margin of 0.97% and a return on equity of 9.84%. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the prior year, the firm earned $0.69 earnings per share. The business’s quarterly revenue was down .5% compared to the same quarter last year. Advance Auto Parts has set its FY 2026 guidance at 2.600-3.300 EPS. On average, analysts predict that Advance Auto Parts, Inc. will post 2.97 EPS for the current year.

Advance Auto Parts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Friday, October 9th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, October 9th. Advance Auto Parts’s dividend payout ratio (DPR) is presently 72.99%.

Analyst Ratings Changes

Several research firms recently commented on AAP. Wells Fargo & Company dropped their target price on 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. Roth Capital set a $48.00 price target on Advance Auto Parts in a report on Friday, August 21st. Royal Bank Of Canada lowered their price objective on Advance Auto Parts from $67.00 to $52.00 and set a “sector perform” rating for the company in a research report on Friday, August 21st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Advance Auto Parts in a report on Wednesday, August 26th. Finally, JPMorgan Chase & Co. cut their target price on Advance Auto Parts from $65.00 to $55.00 and set a “neutral” rating on the stock in a research report on Friday, August 21st. Two analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $50.19.

Advance Auto Parts 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.