Advance Auto Parts, Inc. (NYSE:AAP) Shares Sold by Headlands Technologies LLC

Headlands Technologies LLC lessened its holdings in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 65.0% in the 4th quarter, Holdings Channel reports. The fund owned 2,003 shares of the company’s stock after selling 3,721 shares during the quarter. Headlands Technologies LLC’s holdings in Advance Auto Parts were worth $95,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. CIBC Asset Management Inc grew its position in shares of Advance Auto Parts by 3.9% in the fourth quarter. CIBC Asset Management Inc now owns 5,865 shares of the company’s stock valued at $277,000 after purchasing an additional 221 shares in the last quarter. Yousif Capital Management LLC grew its holdings in Advance Auto Parts by 1.1% in the 4th quarter. Yousif Capital Management LLC now owns 26,258 shares of the company’s stock valued at $1,242,000 after buying an additional 281 shares in the last quarter. Ingalls & Snyder LLC increased its stake in shares of Advance Auto Parts by 5.0% in the 4th quarter. Ingalls & Snyder LLC now owns 6,680 shares of the company’s stock worth $316,000 after acquiring an additional 317 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Advance Auto Parts by 207.4% during the 4th quarter. Versant Capital Management Inc now owns 541 shares of the company’s stock worth $26,000 after acquiring an additional 365 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of Advance Auto Parts by 38.9% during the 4th quarter. Blue Trust Inc. now owns 1,674 shares of the company’s stock valued at $79,000 after acquiring an additional 469 shares during the last quarter. Institutional investors and hedge funds own 88.75% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on AAP. Citigroup reduced their target price on shares of Advance Auto Parts from $47.00 to $40.00 and set a “neutral” rating on the stock in a research note on Thursday, February 27th. BMO Capital Markets reduced their price target on shares of Advance Auto Parts from $45.00 to $40.00 and set a “market perform” rating on the stock in a research report on Thursday, February 27th. Wells Fargo & Company increased their price objective on Advance Auto Parts from $40.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Truist Financial reduced their target price on Advance Auto Parts from $39.00 to $34.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. Finally, Royal Bank of Canada lowered their price target on Advance Auto Parts from $50.00 to $44.00 and set a “sector perform” rating for the company in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Advance Auto Parts presently has a consensus rating of “Hold” and an average price target of $45.13.

Insiders Place Their Bets

In other news, CEO Shane M. Okelly purchased 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was bought at an average price of $36.79 per share, for a total transaction of $55,185.00. Following the completion of the purchase, the chief executive officer now directly owns 183,121 shares of the company’s stock, valued at $6,737,021.59. The trade was a 0.83 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Eugene I. Lee, Jr. acquired 14,640 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was purchased at an average cost of $34.15 per share, for a total transaction of $499,956.00. Following the completion of the transaction, the director now owns 34,070 shares in the company, valued at approximately $1,163,490.50. The trade was a 75.35 % increase in their position. The disclosure for this purchase can be found here. 0.35% of the stock is owned by company insiders.

Advance Auto Parts Stock Performance

Shares of AAP stock opened at $34.86 on Monday. The firm has a 50 day moving average of $41.57 and a two-hundred day moving average of $41.77. The stock has a market capitalization of $2.08 billion, a PE ratio of 47.76, a P/E/G ratio of 1.98 and a beta of 1.07. The company has a quick ratio of 0.62, a current ratio of 1.34 and a debt-to-equity ratio of 0.69. Advance Auto Parts, Inc. has a 52 week low of $33.08 and a 52 week high of $79.85.

Advance Auto Parts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.00 annualized dividend and a yield of 2.87%. Advance Auto Parts’s payout ratio is -17.86%.

Advance Auto Parts Profile

Advance Auto Parts, Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories; belts and hoses; brakes and brake pads; chassis and climate control parts; clutches and drive shafts; engines and engine parts; exhaust systems and parts; hub assemblies; ignition components and wires; radiators and cooling parts; starters and alternators; and steering and alignment parts.