XTX Topco Ltd Takes $503,000 Position in Advance Auto Parts, Inc. (NYSE:AAP)

XTX Topco Ltd purchased a new position in Advance Auto Parts, Inc. (NYSE:AAP) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 12,913 shares of the company’s stock, valued at approximately $503,000.

Several other institutional investors have also bought and sold shares of AAP. Pzena Investment Management LLC raised its position in shares of Advance Auto Parts by 140.3% during the 3rd quarter. Pzena Investment Management LLC now owns 2,908,658 shares of the company’s stock valued at $113,409,000 after buying an additional 1,698,155 shares in the last quarter. Dorsal Capital Management LP increased its stake in Advance Auto Parts by 159.7% during the second quarter. Dorsal Capital Management LP now owns 1,250,000 shares of the company’s stock worth $79,162,000 after acquiring an additional 768,664 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Advance Auto Parts by 76.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,266,362 shares of the company’s stock valued at $80,197,000 after purchasing an additional 547,696 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Advance Auto Parts in the 3rd quarter valued at approximately $17,477,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Advance Auto Parts in the 3rd quarter worth approximately $14,684,000. Institutional investors own 88.75% of the company’s stock.

Advance Auto Parts Stock Performance

AAP stock opened at $43.89 on Friday. Advance Auto Parts, Inc. has a 1-year low of $35.59 and a 1-year high of $88.56. The business has a 50-day moving average price of $40.24 and a 200 day moving average price of $50.14. The company has a market capitalization of $2.62 billion, a P/E ratio of 60.12 and a beta of 1.21. 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 (NYSE:AAP) last announced its quarterly earnings results on Thursday, November 14th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.53). The business had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.62 billion. Advance Auto Parts had a return on equity of 1.82% and a net margin of 0.41%. Advance Auto Parts’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the previous year, the company posted ($0.82) EPS. As a group, equities research analysts forecast that Advance Auto Parts, Inc. will post -0.54 EPS for the current fiscal year.

Advance Auto Parts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.00 annualized dividend and a yield of 2.28%. Advance Auto Parts’s dividend payout ratio (DPR) is 136.99%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AAP shares. DA Davidson restated a “neutral” rating and issued a $45.00 price target on shares of Advance Auto Parts in a research report on Friday, November 15th. Truist Financial lowered their target price on shares of Advance Auto Parts from $41.00 to $39.00 and set a “hold” rating for the company in a report on Friday, November 15th. The Goldman Sachs Group cut their price target on shares of Advance Auto Parts from $60.00 to $43.00 and set a “neutral” rating on the stock in a report on Friday, November 15th. BMO Capital Markets initiated coverage on shares of Advance Auto Parts in a research report on Friday. They issued a “market perform” rating and a $45.00 price objective on the stock. Finally, Wells Fargo & Company dropped their target price on Advance Auto Parts from $50.00 to $40.00 and set an “equal weight” rating for the company in a research report on Friday, September 13th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $48.40.

Insiders Place Their Bets

In other news, EVP Tammy M. Finley sold 1,276 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $44.06, for a total value of $56,220.56. Following the completion of the sale, the executive vice president now owns 24,266 shares of the company’s stock, valued at $1,069,159.96. This trade represents a 5.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

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.