Advance Auto Parts, Inc. (AAP) Shares Bought by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can grew its stake in Advance Auto Parts, Inc. (NYSE:AAP) by 17.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 52,318 shares of the company’s stock after acquiring an additional 7,725 shares during the period. Great West Life Assurance Co. Can owned about 0.07% of Advance Auto Parts worth $7,855,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in AAP. BlackRock Inc. raised its stake in shares of Advance Auto Parts by 11.7% in the 4th quarter. BlackRock Inc. now owns 5,089,102 shares of the company’s stock valued at $801,330,000 after acquiring an additional 534,863 shares during the period. Canada Pension Plan Investment Board raised its stake in shares of Advance Auto Parts by 417.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 560,510 shares of the company’s stock valued at $88,250,000 after acquiring an additional 452,190 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Advance Auto Parts by 892.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 430,256 shares of the company’s stock valued at $72,425,000 after acquiring an additional 386,910 shares during the period. Morgan Stanley raised its stake in shares of Advance Auto Parts by 138.7% in the 3rd quarter. Morgan Stanley now owns 532,494 shares of the company’s stock valued at $89,634,000 after acquiring an additional 309,406 shares during the period. Finally, SG Americas Securities LLC raised its stake in shares of Advance Auto Parts by 1,434.5% in the 4th quarter. SG Americas Securities LLC now owns 190,569 shares of the company’s stock valued at $30,007,000 after acquiring an additional 178,150 shares during the period. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:AAP opened at $154.00 on Friday. Advance Auto Parts, Inc. has a 52 week low of $102.15 and a 52 week high of $186.15. The company has a current ratio of 1.57, a quick ratio of 0.44 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $11.10 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 1.48 and a beta of 1.00.



Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings data on Tuesday, February 19th. The company reported $1.17 EPS for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.03. Advance Auto Parts had a net margin of 4.42% and a return on equity of 14.64%. The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same period in the prior year, the firm posted $0.77 EPS. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, research analysts forecast that Advance Auto Parts, Inc. will post 8.12 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Friday, March 22nd will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date of this dividend is Thursday, March 21st. Advance Auto Parts’s dividend payout ratio is presently 3.37%.

AAP has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Advance Auto Parts from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. Bank of America raised shares of Advance Auto Parts from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 9th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $187.76.

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About Advance Auto Parts

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.

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

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