Canada Pension Plan Investment Board Has $817,000 Position in Advance Auto Parts Inc (AAP)

Canada Pension Plan Investment Board raised its holdings in Advance Auto Parts Inc (NYSE:AAP) by 375.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,232 shares of the company’s stock after acquiring an additional 6,500 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Advance Auto Parts were worth $817,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Veritable L.P. lifted its stake in shares of Advance Auto Parts by 0.3% during the 2nd quarter. Veritable L.P. now owns 2,008 shares of the company’s stock worth $234,000 after purchasing an additional 6 shares during the last quarter. QS Investors LLC raised its stake in Advance Auto Parts by 0.9% in the second quarter. QS Investors LLC now owns 1,017 shares of the company’s stock valued at $119,000 after buying an additional 9 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Advance Auto Parts by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,486 shares of the company’s stock valued at $640,000 after buying an additional 14 shares during the last quarter. Advisors Asset Management Inc. raised its stake in Advance Auto Parts by 0.8% in the second quarter. Advisors Asset Management Inc. now owns 5,676 shares of the company’s stock valued at $662,000 after buying an additional 47 shares during the last quarter. Finally, State of Tennessee Treasury Department increased its holdings in shares of Advance Auto Parts by 0.3% in the second quarter. State of Tennessee Treasury Department now owns 20,197 shares of the company’s stock valued at $2,355,000 after purchasing an additional 60 shares during the period.

Advance Auto Parts Inc (NYSE:AAP) traded down $3.65 during mid-day trading on Wednesday, reaching $97.50. The company’s stock had a trading volume of 1,285,815 shares, compared to its average volume of 1,694,908. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.32 and a current ratio of 1.52. The firm has a market capitalization of $7,686.87, a PE ratio of 18.54, a price-to-earnings-growth ratio of 1.87 and a beta of 1.00. Advance Auto Parts Inc has a one year low of $78.81 and a one year high of $177.83.

Advance Auto Parts (NYSE:AAP) last posted its earnings results on Tuesday, November 14th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.18. Advance Auto Parts had a return on equity of 13.51% and a net margin of 3.75%. The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter last year, the firm earned $1.73 earnings per share. The firm’s quarterly revenue was down 3.0% compared to the same quarter last year. analysts predict that Advance Auto Parts Inc will post 5.22 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 22nd will be paid a $0.06 dividend. The ex-dividend date is Thursday, December 21st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.25%. Advance Auto Parts’s payout ratio is presently 5.03%.

A number of research analysts have recently weighed in on AAP shares. Gabelli reissued a “buy” rating on shares of Advance Auto Parts in a report on Wednesday, August 16th. Jefferies Group reissued a “buy” rating and issued a $130.00 price objective on shares of Advance Auto Parts in a report on Tuesday, September 12th. UBS reaffirmed a “buy” rating and set a $118.00 target price (down from $155.00) on shares of Advance Auto Parts in a report on Wednesday, August 16th. Royal Bank Of Canada raised their target price on Advance Auto Parts from $100.00 to $109.00 and gave the stock an “outperform” rating in a report on Wednesday, November 15th. Finally, Barclays raised Advance Auto Parts from an “underweight” rating to an “equal weight” rating and set a $90.00 target price on the stock in a report on Monday, August 21st. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company. Advance Auto Parts currently has an average rating of “Hold” and a consensus target price of $104.89.

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Advance Auto Parts Company Profile

Advance Auto Parts, Inc provides automotive aftermarket parts in North America, serving do-it-for-me (Professional) and do-it-yourself (DIY), customers. The Company’s stores and branches offer a selection of brand name, original equipment manufacturer (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks.

Institutional Ownership by Quarter for Advance Auto Parts (NYSE:AAP)

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