Vision Financial Markets LLC Buys Shares of 884 Advance Auto Parts, Inc. (NYSE:AAP)

Vision Financial Markets LLC bought a new stake in Advance Auto Parts, Inc. (NYSE:AAP) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 884 shares of the company’s stock, valued at approximately $42,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AAP. Pzena Investment Management LLC raised its position in Advance Auto Parts by 140.3% in the third quarter. Pzena Investment Management LLC now owns 2,908,658 shares of the company’s stock valued at $113,409,000 after purchasing an additional 1,698,155 shares during the period. Allianz Asset Management GmbH raised its position in Advance Auto Parts by 244.7% in the fourth quarter. Allianz Asset Management GmbH now owns 740,234 shares of the company’s stock valued at $35,006,000 after purchasing an additional 525,504 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Advance Auto Parts in the third quarter valued at approximately $14,684,000. Royce & Associates LP raised its position in Advance Auto Parts by 31.7% in the third quarter. Royce & Associates LP now owns 1,075,587 shares of the company’s stock valued at $41,937,000 after purchasing an additional 258,656 shares during the period. Finally, Maple Rock Capital Partners Inc. purchased a new stake in Advance Auto Parts in the third quarter valued at approximately $9,046,000. Hedge funds and other institutional investors own 88.75% of the company’s stock.

Advance Auto Parts Stock Performance

NYSE:AAP opened at $34.60 on Thursday. The firm has a market capitalization of $2.07 billion, a PE ratio of 47.40, a price-to-earnings-growth ratio of 1.98 and a beta of 1.15. The business’s fifty day moving average price is $45.53 and its 200 day moving average price is $43.12. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.34 and a quick ratio of 0.62. Advance Auto Parts, Inc. has a 12 month low of $33.94 and a 12 month high of $88.56.

Advance Auto Parts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a $0.25 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.00 annualized dividend and a yield of 2.89%. Advance Auto Parts’s dividend payout ratio is presently -17.86%.

Wall Street Analyst Weigh In

AAP has been the topic of a number of research analyst reports. Citigroup cut their target price on Advance Auto Parts from $47.00 to $40.00 and set a “neutral” rating on the stock in a research report on Thursday, February 27th. BMO Capital Markets cut their price objective on 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. UBS Group upped their price objective on Advance Auto Parts from $42.00 to $44.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Royal Bank of Canada cut their price objective on Advance Auto Parts from $50.00 to $44.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 27th. Finally, Wedbush reaffirmed an “outperform” rating and set a $55.00 price objective on shares of Advance Auto Parts in a research report on Monday. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $46.69.

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.