Advance Auto Parts, Inc. (NYSE:AAP) Stock Position Reduced by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. lowered its stake in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 16.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,630 shares of the company’s stock after selling 10,786 shares during the period. Landscape Capital Management L.L.C.’s holdings in Advance Auto Parts were worth $2,169,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Diversified Trust Co boosted its position in Advance Auto Parts by 3.5% during the second quarter. Diversified Trust Co now owns 6,787 shares of the company’s stock valued at $430,000 after purchasing an additional 232 shares during the last quarter. OLD National Bancorp IN raised its stake in shares of Advance Auto Parts by 6.8% during the 2nd quarter. OLD National Bancorp IN now owns 3,697 shares of the company’s stock worth $234,000 after purchasing an additional 237 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Advance Auto Parts by 0.5% during the 2nd quarter. Sei Investments Co. now owns 59,679 shares of the company’s stock valued at $3,779,000 after buying an additional 277 shares during the last quarter. Qsemble Capital Management LP grew its stake in shares of Advance Auto Parts by 7.6% in the 2nd quarter. Qsemble Capital Management LP now owns 4,036 shares of the company’s stock valued at $256,000 after buying an additional 285 shares in the last quarter. Finally, Everence Capital Management Inc. increased its holdings in Advance Auto Parts by 3.7% in the third quarter. Everence Capital Management Inc. now owns 8,330 shares of the company’s stock worth $325,000 after buying an additional 300 shares during the last quarter. 88.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AAP. DA Davidson reiterated a “neutral” rating and issued a $45.00 target price on shares of Advance Auto Parts in a research note on Friday, November 15th. Roth Capital raised shares of Advance Auto Parts to a “hold” rating in a research note on Tuesday, October 15th. Roth Mkm reissued a “neutral” rating and set a $40.00 target price on shares of Advance Auto Parts in a research report on Wednesday, October 16th. The Goldman Sachs Group cut their target price on Advance Auto Parts from $60.00 to $43.00 and set a “neutral” rating on the stock in a report on Friday, November 15th. Finally, Wells Fargo & Company decreased their price target on Advance Auto Parts from $50.00 to $40.00 and set an “equal weight” rating for the company in a research note on Friday, September 13th. 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. Based on data from MarketBeat.com, Advance Auto Parts has an average rating of “Hold” and a consensus target price of $48.64.

Advance Auto Parts Stock Up 0.1 %

Shares of AAP stock opened at $38.65 on Friday. The stock has a 50 day moving average of $39.05 and a 200-day moving average of $53.49. The firm has a market cap of $2.31 billion, a PE ratio of 52.78 and a beta of 1.17. 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 12 month low of $35.59 and a 12 month high of $88.56.

Advance Auto Parts (NYSE:AAP) last released its 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 company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the previous year, the business posted ($0.82) EPS. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. On average, equities analysts predict that Advance Auto Parts, Inc. will post -0.52 EPS for the current year.

Advance Auto Parts Announces Dividend

The company 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. 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 2.59%. Advance Auto Parts’s payout ratio is 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.