Segall Bryant & Hamill LLC Makes New Investment in Advance Auto Parts, Inc. (NYSE:AAP)

Segall Bryant & Hamill LLC acquired a new stake in shares of Advance Auto Parts, Inc. (NYSE:AAP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 731,354 shares of the company’s stock, valued at approximately $34,586,000.

Several other large investors also recently bought and sold shares of the stock. Blue Trust Inc. raised its stake in Advance Auto Parts by 75.9% in the 4th quarter. Blue Trust Inc. now owns 2,119 shares of the company’s stock worth $100,000 after acquiring an additional 914 shares during the last quarter. Moody National Bank Trust Division purchased a new stake in shares of Advance Auto Parts in the 4th quarter valued at $1,196,000. Maple Rock Capital Partners Inc. purchased a new stake in shares of Advance Auto Parts in the 3rd quarter valued at $9,046,000. FORA Capital LLC acquired a new stake in shares of Advance Auto Parts in the third quarter worth $2,144,000. Finally, Dynamic Technology Lab Private Ltd grew its position in Advance Auto Parts by 19.4% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 78,108 shares of the company’s stock worth $3,045,000 after purchasing an additional 12,704 shares during the period. Hedge funds and other institutional investors own 88.75% of the company’s stock.

Insider Buying and Selling at Advance Auto Parts

In other Advance Auto Parts news, Director Eugene I. Lee, Jr. acquired 14,640 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was purchased 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. This trade represents a 75.35 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Shane M. Okelly purchased 1,500 shares of Advance Auto Parts 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 completion of the purchase, the chief executive officer now directly owns 183,121 shares in the company, 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 currently owned by company insiders.

Advance Auto Parts Stock Performance

Shares of Advance Auto Parts stock opened at $38.68 on Tuesday. Advance Auto Parts, Inc. has a one year low of $33.08 and a one year high of $87.36. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 52.98, a PEG ratio of 1.98 and a beta of 1.27. The business’s 50 day moving average price is $43.00 and its 200 day moving average price is $41.89. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.62 and a current ratio of 1.34.

Advance Auto Parts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date is Friday, April 11th. Advance Auto Parts’s dividend payout ratio (DPR) is presently -17.86%.

Analyst Upgrades and Downgrades

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