Hosking Partners LLP Acquires 2,695 Shares of Advance Auto Parts, Inc. (AAP)

Hosking Partners LLP increased its holdings in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 7.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 38,223 shares of the company’s stock after buying an additional 2,695 shares during the quarter. Hosking Partners LLP’s holdings in Advance Auto Parts were worth $3,810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. QS Investors LLC boosted its stake in Advance Auto Parts by 0.9% during the 2nd quarter. QS Investors LLC now owns 1,017 shares of the company’s stock worth $119,000 after purchasing an additional 9 shares during the period. FDx Advisors Inc. acquired a new stake in Advance Auto Parts during the 3rd quarter worth $201,000. IFM Investors Pty Ltd acquired a new stake in Advance Auto Parts during the 4th quarter worth $207,000. Quantitative Systematic Strategies LLC acquired a new stake in Advance Auto Parts during the 4th quarter worth $207,000. Finally, Advisor Partners LLC acquired a new stake in Advance Auto Parts during the 4th quarter worth $208,000.

Advance Auto Parts, Inc. (NYSE:AAP) opened at $109.02 on Thursday. The company has a quick ratio of 0.32, a current ratio of 1.52 and a debt-to-equity ratio of 0.32. The stock has a market cap of $7,849.45, a PE ratio of 22.86, a PEG ratio of 1.72 and a beta of 1.14. Advance Auto Parts, Inc. has a twelve month low of $78.81 and a twelve month high of $169.55.

Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings results on Tuesday, November 14th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.18. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.21 billion. Advance Auto Parts had a net margin of 3.75% and a return on equity of 13.51%. The business’s revenue was down 3.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.73 EPS. analysts forecast that Advance Auto Parts, Inc. will post 5.25 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 6th. Stockholders of record on Friday, March 23rd will be issued a $0.06 dividend. The ex-dividend date of this dividend is Thursday, March 22nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.22%. Advance Auto Parts’s dividend payout ratio is presently 5.03%.

A number of analysts recently weighed in on AAP shares. BTIG Research reiterated a “sell” rating and set a $75.00 price target (down previously from $90.00) on shares of Advance Auto Parts in a research note on Wednesday, October 25th. Royal Bank of Canada increased their price target on shares of Advance Auto Parts from $100.00 to $109.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 15th. Morgan Stanley set a $120.00 price target on shares of Advance Auto Parts and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Zacks Investment Research upgraded shares of Advance Auto Parts from a “hold” rating to a “buy” rating and set a $130.00 price target for the company in a research note on Tuesday, January 16th. Finally, JPMorgan Chase & Co. increased their price target on shares of Advance Auto Parts from $110.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $109.91.

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About Advance Auto Parts

Advance Auto Parts, Inc provides automotive aftermarket parts in North America, serving do-it-for-me (Professional) and do-it-yourself (DIY), customers. The Company’s stores and branches offer a selection of brand name, original equipment manufacturer (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks.

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Institutional Ownership by Quarter for Advance Auto Parts (NYSE:AAP)

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