11,444 Shares in Advance Auto Parts, Inc. (NYSE:AAP) Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd bought a new stake in shares of Advance Auto Parts, Inc. (NYSE:AAP) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 11,444 shares of the company’s stock, valued at approximately $541,000.

Several other institutional investors also recently bought and sold shares of AAP. Segall Bryant & Hamill LLC purchased a new position in shares of Advance Auto Parts in the fourth quarter valued at approximately $34,586,000. KLP Kapitalforvaltning AS acquired a new stake in Advance Auto Parts during the 4th quarter worth approximately $577,000. Sei Investments Co. boosted its position in Advance Auto Parts by 11.2% in the 4th quarter. Sei Investments Co. now owns 13,240 shares of the company’s stock valued at $626,000 after buying an additional 1,335 shares during the period. Goodman Financial Corp grew its stake in shares of Advance Auto Parts by 28.5% in the fourth quarter. Goodman Financial Corp now owns 302,495 shares of the company’s stock worth $14,305,000 after acquiring an additional 67,116 shares in the last quarter. Finally, Blueshift Asset Management LLC grew its stake in shares of Advance Auto Parts by 107.5% in the fourth quarter. Blueshift Asset Management LLC now owns 14,717 shares of the company’s stock worth $696,000 after acquiring an additional 7,623 shares in the last quarter. 88.75% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Advance Auto Parts

In related news, Director Eugene I. Lee, Jr. acquired 14,640 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was bought at an average cost of $34.15 per share, with a total value of $499,956.00. Following the transaction, the director now owns 34,070 shares of the company’s stock, valued at $1,163,490.50. The trade was a 75.35 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Shane M. Okelly bought 1,500 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was bought at an average cost of $36.79 per share, for a total transaction of $55,185.00. Following the acquisition, the chief executive officer now owns 183,121 shares of the company’s stock, valued at approximately $6,737,021.59. This trade represents a 0.83 % increase in their position. The disclosure for this purchase can be found here. 0.35% of the stock is owned by insiders.

Advance Auto Parts Trading Down 3.6 %

AAP opened at $38.92 on Monday. The company has a quick ratio of 0.62, a current ratio of 1.34 and a debt-to-equity ratio of 0.69. Advance Auto Parts, Inc. has a 52 week low of $33.08 and a 52 week high of $86.47. The business’s 50 day moving average is $42.48 and its two-hundred day moving average is $41.88. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of 53.32, a price-to-earnings-growth ratio of 1.98 and a beta of 1.27.

Advance Auto Parts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a $0.25 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.57%. Advance Auto Parts’s payout ratio is -17.86%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AAP. Evercore ISI decreased their target price on Advance Auto Parts from $37.00 to $35.00 and set an “in-line” rating for the company in a report on Tuesday, March 11th. Wedbush reiterated an “outperform” rating and issued a $55.00 price objective on shares of Advance Auto Parts in a research note on Monday, March 3rd. Truist Financial cut their target price on shares of Advance Auto Parts from $39.00 to $34.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Barclays decreased their price target on shares of Advance Auto Parts from $66.00 to $54.00 and set an “equal weight” rating for the company in a research note on Thursday, January 9th. Finally, BMO Capital Markets dropped their price objective on shares of Advance Auto Parts from $45.00 to $40.00 and set a “market perform” rating on the stock in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $45.13.

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.