Advance Auto Parts, Inc. (NYSE:AAP) Shares Acquired by Goodman Financial Corp

Goodman Financial Corp lifted its stake in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 28.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 302,495 shares of the company’s stock after buying an additional 67,116 shares during the quarter. Advance Auto Parts accounts for approximately 3.1% of Goodman Financial Corp’s holdings, making the stock its 12th largest holding. Goodman Financial Corp owned about 0.51% of Advance Auto Parts worth $14,305,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Blueshift Asset Management LLC lifted its position in shares of Advance Auto Parts by 107.5% during the fourth quarter. Blueshift Asset Management LLC now owns 14,717 shares of the company’s stock worth $696,000 after purchasing an additional 7,623 shares in the last quarter. Boston Partners purchased a new stake in Advance Auto Parts during the 4th quarter worth $1,087,000. Thrivent Financial for Lutherans lifted its holdings in Advance Auto Parts by 2,662.0% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,293,205 shares of the company’s stock worth $61,156,000 after buying an additional 1,246,384 shares in the last quarter. William Blair Investment Management LLC purchased a new position in Advance Auto Parts in the 4th quarter valued at about $212,000. Finally, Counterpoint Mutual Funds LLC acquired a new stake in shares of Advance Auto Parts during the fourth quarter valued at about $307,000. Hedge funds and other institutional investors own 88.75% of the company’s stock.

Insider Buying and Selling at Advance Auto Parts

In other news, CEO Shane M. Okelly acquired 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average price of $36.79 per share, with a total value of $55,185.00. Following the acquisition, the chief executive officer now directly owns 183,121 shares in the company, valued at approximately $6,737,021.59. The trade was a 0.83 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eugene I. Lee, Jr. bought 14,640 shares of Advance Auto Parts stock in a transaction on Thursday, March 6th. The shares were purchased at an average cost of $34.15 per share, with a total value of $499,956.00. Following the completion of the purchase, the director now directly owns 34,070 shares in the company, valued at $1,163,490.50. This trade represents a 75.35 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.35% of the stock is currently owned by company insiders.

Advance Auto Parts Stock Up 1.8 %

NYSE:AAP opened at $37.58 on Friday. The firm has a market capitalization of $2.25 billion, a PE ratio of 51.47, a price-to-earnings-growth ratio of 1.98 and a beta of 1.27. Advance Auto Parts, Inc. has a 52 week low of $33.08 and a 52 week 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 stock has a 50 day moving average of $43.30 and a 200-day moving average of $41.97.

Advance Auto Parts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.66%. The ex-dividend date is Friday, April 11th. Advance Auto Parts’s dividend payout ratio is presently -17.86%.

Wall Street Analyst Weigh In

AAP has been the subject of a number of analyst reports. Barclays reduced their price target on Advance Auto Parts from $66.00 to $54.00 and set an “equal weight” rating for the company in a report on Thursday, January 9th. Citigroup reduced their target price on Advance Auto Parts from $47.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday, February 27th. BMO Capital Markets dropped their price target on shares of Advance Auto Parts from $45.00 to $40.00 and set a “market perform” rating for the company in a research note on Thursday, February 27th. Royal Bank of Canada reduced their price objective on shares of Advance Auto Parts from $50.00 to $44.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 27th. Finally, Evercore ISI dropped their target price on shares of Advance Auto Parts from $37.00 to $35.00 and set an “in-line” rating for the company in a research report on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $45.13.

About Advance Auto Parts

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.