Arkadios Wealth Advisors Buys 7,867 Shares of Advance Auto Parts, Inc. (NYSE:AAP)

Arkadios Wealth Advisors increased its stake in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 45.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,136 shares of the company’s stock after purchasing an additional 7,867 shares during the quarter. Arkadios Wealth Advisors’ holdings in Advance Auto Parts were worth $1,189,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Versant Capital Management Inc lifted its stake in shares of Advance Auto Parts by 207.4% in the 4th quarter. Versant Capital Management Inc now owns 541 shares of the company’s stock valued at $26,000 after acquiring an additional 365 shares during the last quarter. Blue Trust Inc. raised its position in Advance Auto Parts by 56.7% in the third quarter. Blue Trust Inc. now owns 1,205 shares of the company’s stock valued at $47,000 after purchasing an additional 436 shares during the last quarter. KBC Group NV boosted its stake in shares of Advance Auto Parts by 29.1% during the third quarter. KBC Group NV now owns 1,749 shares of the company’s stock valued at $68,000 after purchasing an additional 394 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Advance Auto Parts by 198.3% in the fourth quarter. GAMMA Investing LLC now owns 1,575 shares of the company’s stock valued at $74,000 after buying an additional 1,047 shares during the period. Finally, City State Bank acquired a new stake in Advance Auto Parts during the 3rd quarter worth approximately $78,000. Institutional investors own 88.75% of the company’s stock.

Insider Transactions at Advance Auto Parts

In related news, EVP Tammy M. Finley sold 1,276 shares of Advance Auto Parts stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $44.06, for a total transaction of $56,220.56. Following the sale, the executive vice president now directly owns 24,266 shares in the company, valued at approximately $1,069,159.96. This trade represents a 5.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.35% of the company’s stock.

Analyst Ratings Changes

AAP has been the topic of a number of recent research reports. BMO Capital Markets assumed coverage on shares of Advance Auto Parts in a report on Friday, December 13th. They set a “market perform” rating and a $45.00 price target on the stock. Roth Mkm restated a “neutral” rating and set a $40.00 target price on shares of Advance Auto Parts in a research report on Wednesday, October 16th. Wedbush reiterated an “outperform” rating and issued a $55.00 target price on shares of Advance Auto Parts in a report on Friday, November 15th. Barclays cut their price target on Advance Auto Parts from $66.00 to $54.00 and set an “equal weight” rating on the stock in a report on Thursday, January 9th. Finally, Truist Financial lowered their price objective on shares of Advance Auto Parts from $41.00 to $39.00 and set a “hold” rating for the company in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Advance Auto Parts currently has a consensus rating of “Hold” and a consensus price target of $47.93.

Advance Auto Parts Stock Performance

Shares of Advance Auto Parts stock opened at $45.93 on Monday. The company has a market cap of $2.74 billion, a PE ratio of 62.91, a price-to-earnings-growth ratio of 2.15 and a beta of 1.16. 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 $35.59 and a 52 week high of $88.56. The business has a 50 day moving average price of $43.77 and a 200-day moving average price of $46.56.

Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings data 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). Advance Auto Parts had a net margin of 0.41% and a return on equity of 1.82%. The company had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter last year, the business posted ($0.82) earnings per share. Advance Auto Parts’s revenue was down 3.2% on a year-over-year basis. Equities analysts anticipate that Advance Auto Parts, Inc. will post -0.52 earnings per share 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 given a dividend of $0.25 per share. The ex-dividend date is Friday, January 10th. This represents a $1.00 annualized dividend and a dividend yield of 2.18%. Advance Auto Parts’s dividend payout ratio is currently 136.99%.

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.