Oak Thistle LLC Has $413,000 Stock Holdings in Advance Auto Parts, Inc. (NYSE:AAP)

Oak Thistle LLC lowered its stake in Advance Auto Parts, Inc. (NYSE:AAP) by 79.5% during the first quarter, HoldingsChannel.com reports. The firm owned 4,855 shares of the company’s stock after selling 18,802 shares during the period. Oak Thistle LLC’s holdings in Advance Auto Parts were worth $413,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hexagon Capital Partners LLC lifted its stake in Advance Auto Parts by 267.7% in the first quarter. Hexagon Capital Partners LLC now owns 353 shares of the company’s stock valued at $30,000 after buying an additional 257 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in shares of Advance Auto Parts in the 1st quarter valued at approximately $43,000. Radnor Capital Management LLC bought a new position in Advance Auto Parts during the 1st quarter worth approximately $241,000. First Hawaiian Bank grew its holdings in Advance Auto Parts by 44.0% during the first quarter. First Hawaiian Bank now owns 9,673 shares of the company’s stock valued at $823,000 after purchasing an additional 2,957 shares during the period. Finally, CWM LLC increased its stake in Advance Auto Parts by 25.7% in the first quarter. CWM LLC now owns 1,739 shares of the company’s stock valued at $148,000 after purchasing an additional 356 shares in the last quarter. 88.75% of the stock is currently owned by institutional investors.

Advance Auto Parts Stock Down 5.7 %

Advance Auto Parts stock opened at $59.73 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 0.29 and a debt-to-equity ratio of 0.70. Advance Auto Parts, Inc. has a 1-year low of $47.73 and a 1-year high of $88.56. The company has a fifty day simple moving average of $69.32 and a 200 day simple moving average of $69.43. The company has a market cap of $3.56 billion, a P/E ratio of 86.57, a price-to-earnings-growth ratio of 1.22 and a beta of 1.20.

Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings data on Wednesday, May 29th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.02). Advance Auto Parts had a net margin of 0.37% and a return on equity of 1.59%. The company had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter in the previous year, the business earned $0.72 EPS. Advance Auto Parts’s revenue was down .3% on a year-over-year basis. Research analysts anticipate that Advance Auto Parts, Inc. will post 3.72 earnings per share for the current fiscal year.

Advance Auto Parts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 12th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Friday, July 12th. Advance Auto Parts’s payout ratio is presently 144.93%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AAP. Bank of America lifted their price target on shares of Advance Auto Parts from $51.00 to $55.00 and gave the stock an “underperform” rating in a research report on Thursday, May 30th. UBS Group boosted their target price on Advance Auto Parts from $68.00 to $72.00 and gave the company a “neutral” rating in a research note on Tuesday, May 28th. Truist Financial dropped their price target on Advance Auto Parts from $70.00 to $63.00 and set a “hold” rating on the stock in a research report on Thursday, May 30th. Wedbush reiterated a “neutral” rating and issued a $70.00 price objective on shares of Advance Auto Parts in a research report on Friday, May 24th. Finally, StockNews.com upgraded shares of Advance Auto Parts from a “sell” rating to a “hold” rating in a report on Thursday, May 30th. Two research analysts have rated the stock with a sell rating and fifteen have assigned a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $64.00.

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.