Versor Investments LP Sells 7,729 Shares of Advance Auto Parts, Inc. (NYSE:AAP)

Versor Investments LP lessened its holdings in Advance Auto Parts, Inc. (NYSE:AAP) by 38.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 12,300 shares of the company’s stock after selling 7,729 shares during the quarter. Versor Investments LP’s holdings in Advance Auto Parts were worth $582,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Allianz Asset Management GmbH increased its holdings in shares of Advance Auto Parts by 244.7% in the fourth quarter. Allianz Asset Management GmbH now owns 740,234 shares of the company’s stock worth $35,006,000 after buying an additional 525,504 shares during the period. Mattern Capital Management LLC increased its stake in Advance Auto Parts by 45.2% in the 4th quarter. Mattern Capital Management LLC now owns 11,256 shares of the company’s stock worth $532,000 after purchasing an additional 3,502 shares during the period. Ieq Capital LLC bought a new stake in Advance Auto Parts in the fourth quarter valued at approximately $910,000. Truist Financial Corp boosted its stake in shares of Advance Auto Parts by 30.4% during the fourth quarter. Truist Financial Corp now owns 15,961 shares of the company’s stock valued at $755,000 after purchasing an additional 3,722 shares during the period. Finally, CIBC Asset Management Inc grew its holdings in shares of Advance Auto Parts by 3.9% in the fourth quarter. CIBC Asset Management Inc now owns 5,865 shares of the company’s stock worth $277,000 after purchasing an additional 221 shares during the last quarter. 88.75% of the stock is owned by institutional investors.

Advance Auto Parts Stock Performance

Shares of AAP stock opened at $36.90 on Friday. The company has a current ratio of 1.34, a quick ratio of 0.62 and a debt-to-equity ratio of 0.69. The company’s fifty day moving average price is $45.88 and its 200-day moving average price is $43.74. The stock has a market cap of $2.20 billion, a PE ratio of 50.55, a price-to-earnings-growth ratio of 1.98 and a beta of 1.15. Advance Auto Parts, Inc. has a 12 month low of $35.59 and a 12 month high of $88.56.

Advance Auto Parts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date is Friday, April 11th. Advance Auto Parts’s dividend payout ratio (DPR) is presently 136.99%.

Insider Buying and Selling at Advance Auto Parts

In related news, EVP Tammy M. Finley sold 1,276 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now owns 24,266 shares in the company, valued at $1,069,159.96. This represents a 5.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.35% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on AAP. BMO Capital Markets lowered their price target on shares of Advance Auto Parts from $45.00 to $40.00 and set a “market perform” rating for the company in a report on Thursday. Royal Bank of Canada lowered their price objective on shares of Advance Auto Parts from $50.00 to $44.00 and set a “sector perform” rating for the company in a research note on Thursday. DA Davidson reissued a “neutral” rating and issued a $45.00 target price on shares of Advance Auto Parts in a research note on Friday, November 15th. The Goldman Sachs Group lowered their price target on Advance Auto Parts from $60.00 to $43.00 and set a “neutral” rating for the company in a research report on Friday, November 15th. Finally, Citigroup cut their price objective on Advance Auto Parts from $47.00 to $40.00 and set a “neutral” rating on the stock in a research report on Thursday. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $46.69.

Advance Auto Parts 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.