GSA Capital Partners LLP Sells 9,886 Shares of Advance Auto Parts, Inc. (NYSE:AAP)

GSA Capital Partners LLP lessened its holdings in Advance Auto Parts, Inc. (NYSE:AAP) by 60.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,531 shares of the company’s stock after selling 9,886 shares during the quarter. GSA Capital Partners LLP’s holdings in Advance Auto Parts were worth $255,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in AAP. Mather Group LLC. increased its holdings in shares of Advance Auto Parts by 1,241.7% in the second quarter. Mather Group LLC. now owns 644 shares of the company’s stock worth $41,000 after buying an additional 596 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in Advance Auto Parts during the 2nd quarter valued at about $41,000. Blue Trust Inc. grew its position in Advance Auto Parts by 56.7% during the 3rd quarter. Blue Trust Inc. now owns 1,205 shares of the company’s stock worth $47,000 after acquiring an additional 436 shares during the last quarter. AM Squared Ltd purchased a new position in Advance Auto Parts in the 2nd quarter worth approximately $63,000. Finally, City State Bank bought a new stake in Advance Auto Parts in the third quarter valued at approximately $78,000. 88.75% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AAP. Wells Fargo & Company cut their target price on shares of Advance Auto Parts from $50.00 to $40.00 and set an “equal weight” rating on the stock in a report on Friday, September 13th. Roth Capital upgraded shares of Advance Auto Parts to a “hold” rating in a research report on Tuesday, October 15th. 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. Mizuho reissued a “neutral” rating and issued a $38.00 target price (down from $45.00) on shares of Advance Auto Parts in a research note on Thursday, September 12th. Finally, JPMorgan Chase & Co. lowered their price target on Advance Auto Parts from $68.00 to $55.00 and set a “neutral” rating for the company in a research report on Friday, August 16th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $48.64.

Advance Auto Parts Stock Performance

Shares of Advance Auto Parts stock opened at $40.79 on Friday. Advance Auto Parts, Inc. has a 12 month low of $35.59 and a 12 month high of $88.56. The company has a current ratio of 1.34, a quick ratio of 0.62 and a debt-to-equity ratio of 0.69. The business has a fifty day simple moving average of $39.02 and a two-hundred day simple moving average of $53.16. The firm has a market capitalization of $2.44 billion, a P/E ratio of 55.88 and a beta of 1.17.

Advance Auto Parts (NYSE:AAP) last announced 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). Advance Auto Parts had a net margin of 0.41% and a return on equity of 1.82%. The firm had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same period last year, the business earned ($0.82) EPS. Advance Auto Parts’s revenue was down 3.2% on a year-over-year basis. On average, equities analysts forecast that Advance Auto Parts, Inc. will post -0.51 earnings per share for the current fiscal year.

Advance Auto Parts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.45%. Advance Auto Parts’s dividend payout ratio is currently 136.99%.

Advance Auto Parts Company 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.