Advance Auto Parts, Inc. (NYSE:AAP) EVP Kristen L. Soler Acquires 1,000 Shares
Advance Auto Parts, Inc. (NYSE:AAP – Get Free Report) EVP Kristen L. Soler bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was purchased at an average cost of $52.87 per share, for a total transaction of $52,870.00. Following the completion of the transaction, the executive vice president now directly owns 12,197 shares in the company, valued at approximately $644,855.39. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Advance Auto Parts Stock Performance
NYSE AAP traded up $2.00 during trading hours on Wednesday, reaching $55.16. The company’s stock had a trading volume of 1,678,864 shares, compared to its average volume of 2,075,947. The company has a current ratio of 1.23, a quick ratio of 0.27 and a debt-to-equity ratio of 0.67. The business has a 50-day simple moving average of $53.03 and a 200 day simple moving average of $64.83. Advance Auto Parts, Inc. has a 52 week low of $47.73 and a 52 week high of $158.22. The stock has a market cap of $3.28 billion, a PE ratio of 17.04, a PEG ratio of 2.60 and a beta of 1.08.
Advance Auto Parts (NYSE:AAP – Get Free Report) last issued its earnings results on Wednesday, November 15th. The company reported ($0.82) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($2.26). Advance Auto Parts had a return on equity of 9.40% and a net margin of 1.65%. The business had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.68 billion. During the same period in the prior year, the business earned $2.84 EPS. The business’s revenue was up 2.9% on a year-over-year basis. Equities research analysts predict that Advance Auto Parts, Inc. will post 1.49 earnings per share for the current fiscal year.
Advance Auto Parts Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 12th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, January 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.81%. Advance Auto Parts’s dividend payout ratio (DPR) is presently 32.05%.
Institutional Investors Weigh In On Advance Auto Parts
A number of hedge funds have recently made changes to their positions in the business. ArrowMark Colorado Holdings LLC raised its holdings in shares of Advance Auto Parts by 4.7% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 1,717 shares of the company’s stock valued at $252,000 after buying an additional 77 shares during the last quarter. Covestor Ltd raised its holdings in shares of Advance Auto Parts by 113.7% during the first quarter. Covestor Ltd now owns 156 shares of the company’s stock valued at $32,000 after buying an additional 83 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund raised its holdings in shares of Advance Auto Parts by 4.1% during the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 2,173 shares of the company’s stock valued at $340,000 after buying an additional 86 shares during the last quarter. Wetherby Asset Management Inc. raised its holdings in shares of Advance Auto Parts by 6.5% during the first quarter. Wetherby Asset Management Inc. now owns 1,418 shares of the company’s stock valued at $293,000 after buying an additional 87 shares during the last quarter. Finally, Baird Financial Group Inc. raised its holdings in Advance Auto Parts by 0.6% during the fourth quarter. Baird Financial Group Inc. now owns 15,845 shares of the company’s stock worth $2,329,000 after purchasing an additional 89 shares in the last quarter. Institutional investors own 88.75% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have commented on AAP shares. Wedbush cut their price objective on Advance Auto Parts from $80.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, November 16th. Bank of America lowered Advance Auto Parts from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $60.00 to $43.00 in a research report on Thursday, November 16th. JPMorgan Chase & Co. cut their price objective on Advance Auto Parts from $78.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, November 16th. The Goldman Sachs Group cut their price objective on Advance Auto Parts from $83.00 to $73.00 and set a “neutral” rating on the stock in a research report on Thursday, November 16th. Finally, Wells Fargo & Company cut their price objective on Advance Auto Parts from $70.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Monday, November 13th. Two equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $79.53.
Check Out Our Latest Analysis on Advance Auto Parts
About Advance Auto Parts (Get Free Report)
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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Original: MarketBeat News Feed: Advance Auto Parts, Inc. (NYSE:AAP) EVP Kristen L. Soler Acquires 1,000 Shares