28,647 Shares in Advance Auto Parts, Inc. (NYSE:AAP) Bought by Virtu Financial LLC

Virtu Financial LLC bought a new stake in Advance Auto Parts, Inc. (NYSE:AAP) during the third quarter, HoldingsChannel.com reports. The firm bought 28,647 shares of the company’s stock, valued at approximately $1,117,000.

Several other institutional investors have also recently bought and sold shares of the business. Pzena Investment Management LLC lifted its stake in shares of Advance Auto Parts by 140.3% in the 3rd quarter. Pzena Investment Management LLC now owns 2,908,658 shares of the company’s stock valued at $113,409,000 after acquiring an additional 1,698,155 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Advance Auto Parts by 76.2% in 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 last quarter. Dorsal Capital Management LP boosted its stake in shares of 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 valued at $79,162,000 after purchasing an additional 768,664 shares in the last quarter. Royce & Associates LP grew its holdings in shares of Advance Auto Parts by 31.7% during the third quarter. Royce & Associates LP now owns 1,075,587 shares of the company’s stock worth $41,937,000 after purchasing an additional 258,656 shares during the last quarter. Finally, Legion Partners Asset Management LLC increased its stake in shares of Advance Auto Parts by 1.7% in the second quarter. Legion Partners Asset Management LLC now owns 786,250 shares of the company’s stock valued at $49,793,000 after buying an additional 13,300 shares during the period. Institutional investors and hedge funds own 88.75% of the company’s stock.

Advance Auto Parts Stock Down 0.3 %

Advance Auto Parts stock opened at $43.89 on Friday. The company has a market capitalization of $2.62 billion, a PE ratio of 60.12 and a beta of 1.21. Advance Auto Parts, Inc. has a 12-month low of $35.59 and a 12-month high of $88.56. The firm’s fifty day moving average is $40.24 and its 200 day moving average is $50.14. 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 (NYSE:AAP) last posted 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 company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.62 billion. Advance Auto Parts had a net margin of 0.41% and a return on equity of 1.82%. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period last year, the firm posted ($0.82) earnings per share. As a group, sell-side analysts predict that Advance Auto Parts, Inc. will post -0.54 EPS for the current fiscal year.

Advance Auto Parts Announces Dividend

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

Analysts Set New Price Targets

Several research firms recently commented on AAP. Wedbush reiterated an “outperform” rating and set a $55.00 target price on shares of Advance Auto Parts in a research report on Friday, November 15th. The Goldman Sachs Group reduced their price objective on shares of Advance Auto Parts from $60.00 to $43.00 and set a “neutral” rating on the stock in a research note on Friday, November 15th. Roth Capital raised Advance Auto Parts to a “hold” rating in a research report on Tuesday, October 15th. Mizuho reiterated a “neutral” rating and issued a $38.00 price target (down previously from $45.00) on shares of Advance Auto Parts in a research report on Thursday, September 12th. Finally, Truist Financial lowered their price objective on Advance Auto Parts from $41.00 to $39.00 and set a “hold” rating for the company in a research report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Advance Auto Parts has an average rating of “Hold” and an average price target of $48.40.

Insiders Place Their Bets

In other Advance Auto Parts news, EVP Tammy M. Finley sold 1,276 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $44.06, for a total transaction of $56,220.56. Following the transaction, the executive vice president now owns 24,266 shares in the company, valued at approximately $1,069,159.96. This represents a 5.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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.