Romano Brothers AND Company Has $293,000 Stake in Advance Auto Parts, Inc. (NYSE:AAP)

Romano Brothers AND Company decreased its holdings in Advance Auto Parts, Inc. (NYSE:AAP) by 18.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,190 shares of the company’s stock after selling 1,375 shares during the period. Romano Brothers AND Company’s holdings in Advance Auto Parts were worth $293,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AAP. Versant Capital Management Inc raised its holdings in shares of Advance Auto Parts by 207.4% during the fourth quarter. Versant Capital Management Inc now owns 541 shares of the company’s stock valued at $26,000 after purchasing an additional 365 shares during the period. Blue Trust Inc. raised its stake in Advance Auto Parts by 56.7% in the 3rd quarter. Blue Trust Inc. now owns 1,205 shares of the company’s stock valued at $47,000 after acquiring an additional 436 shares during the period. KBC Group NV lifted its position 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 worth $68,000 after acquiring an additional 394 shares in the last quarter. GAMMA Investing LLC grew its stake in Advance Auto Parts by 198.3% during the fourth quarter. GAMMA Investing LLC now owns 1,575 shares of the company’s stock valued at $74,000 after acquiring an additional 1,047 shares in the last quarter. Finally, City State Bank purchased a new stake in shares of Advance Auto Parts in the 3rd quarter valued at about $78,000. 88.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on AAP shares. Wedbush restated an “outperform” rating and issued a $55.00 target price on shares of Advance Auto Parts in a report on Friday, November 15th. Truist Financial lowered their target price on 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. Evercore ISI raised their target price on shares of Advance Auto Parts from $45.00 to $60.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. UBS Group lifted their price target on Advance Auto Parts from $42.00 to $44.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Finally, Barclays cut their target price on Advance Auto Parts from $66.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 9th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $47.93.

Advance Auto Parts Trading Up 0.4 %

Shares of NYSE:AAP opened at $45.93 on Monday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.62 and a current ratio of 1.34. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 62.91, a PEG ratio of 2.15 and a beta of 1.16. Advance Auto Parts, Inc. has a 1-year low of $35.59 and a 1-year high of $88.56. The company 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 announced its quarterly earnings data on Thursday, November 14th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.53). The company had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.62 billion. Advance Auto Parts had a net margin of 0.41% and a return on equity of 1.82%. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.82) earnings per share. On average, research analysts anticipate that Advance Auto Parts, Inc. will post -0.52 EPS for the current fiscal year.

Advance Auto Parts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Friday, January 10th. Advance Auto Parts’s payout ratio is presently 136.99%.

Insider Transactions at Advance Auto Parts

In related news, EVP Tammy M. Finley sold 1,276 shares of the stock in a transaction that occurred 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 $1,069,159.96. This represents a 5.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.35% of the stock is owned by insiders.

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.