Yousif Capital Management LLC Buys 315 Shares of Advance Auto Parts, Inc. (NYSE:AAP)

Yousif Capital Management LLC boosted its stake in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 1.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 31,427 shares of the company’s stock after purchasing an additional 315 shares during the period. Yousif Capital Management LLC’s holdings in Advance Auto Parts were worth $1,918,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allworth Financial LP lifted its stake in Advance Auto Parts by 190.0% during the 4th quarter. Allworth Financial LP now owns 406 shares of the company’s stock valued at $25,000 after acquiring an additional 266 shares during the period. Larson Financial Group LLC lifted its stake in Advance Auto Parts by 264.6% during the 3rd quarter. Larson Financial Group LLC now owns 689 shares of the company’s stock valued at $39,000 after acquiring an additional 500 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Advance Auto Parts by 594.2% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 840 shares of the company’s stock valued at $47,000 after acquiring an additional 719 shares during the period. GAMMA Investing LLC acquired a new stake in Advance Auto Parts during the 4th quarter valued at approximately $63,000. Finally, CWM LLC lifted its stake in Advance Auto Parts by 24.2% during the 3rd quarter. CWM LLC now owns 1,620 shares of the company’s stock valued at $91,000 after acquiring an additional 316 shares during the period. 88.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Advance Auto Parts

In other news, Director Carla Jean Bailo acquired 310 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was purchased at an average price of $81.19 per share, with a total value of $25,168.90. Following the completion of the acquisition, the director now owns 5,789 shares of the company’s stock, valued at approximately $470,008.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Carla Jean Bailo acquired 310 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was purchased at an average price of $81.19 per share, with a total value of $25,168.90. Following the completion of the acquisition, the director now owns 5,789 shares of the company’s stock, valued at approximately $470,008.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Herman L. Word, Jr. sold 1,858 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $86.08, for a total transaction of $159,936.64. Following the completion of the sale, the executive vice president now directly owns 10,448 shares of the company’s stock, valued at approximately $899,363.84. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by insiders.

Advance Auto Parts Price Performance

Advance Auto Parts stock opened at $72.95 on Thursday. Advance Auto Parts, Inc. has a 52-week low of $47.73 and a 52-week high of $127.31. The firm has a market capitalization of $4.35 billion, a price-to-earnings ratio of 98.58, a PEG ratio of 1.37 and a beta of 1.17. The company has a fifty day simple moving average of $76.40 and a 200-day simple moving average of $64.97. The company has a quick ratio of 0.29, a current ratio of 1.20 and a debt-to-equity ratio of 0.71.

Advance Auto Parts (NYSE:AAP) last released its earnings results on Wednesday, February 28th. The company reported ($0.59) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.83). Advance Auto Parts had a return on equity of 1.68% and a net margin of 0.39%. The business had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same period in the previous year, the company earned $2.88 EPS. Advance Auto Parts’s quarterly revenue was down .4% compared to the same quarter last year. On average, equities analysts anticipate that Advance Auto Parts, Inc. will post 3.94 EPS for the current fiscal year.

Advance Auto Parts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 12th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Thursday, April 11th. Advance Auto Parts’s dividend payout ratio is currently 135.14%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Advance Auto Parts from $55.00 to $68.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. Royal Bank of Canada boosted their target price on shares of Advance Auto Parts from $47.00 to $68.00 and gave the company a “sector perform” rating in a research note on Thursday, February 29th. Evercore ISI decreased their target price on shares of Advance Auto Parts from $82.00 to $78.00 and set an “in-line” rating for the company in a research note on Tuesday, April 16th. Mizuho assumed coverage on shares of Advance Auto Parts in a research note on Tuesday, March 19th. They issued a “neutral” rating and a $78.00 target price for the company. Finally, Barclays boosted their target price on shares of Advance Auto Parts from $56.00 to $66.00 and gave the company an “equal weight” rating in a research note on Thursday, February 29th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $64.56.

Advance Auto Parts Company 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.