Radnor Capital Management LLC Makes New Investment in Advance Auto Parts, Inc. (NYSE:AAP)

Radnor Capital Management LLC bought a new position in Advance Auto Parts, Inc. (NYSE:AAP) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,830 shares of the company’s stock, valued at approximately $241,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. First Hawaiian Bank lifted its holdings in shares of 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 in the last quarter. CWM LLC lifted its holdings in shares of Advance Auto Parts by 25.7% during 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. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Advance Auto Parts during the fourth quarter valued at $6,158,000. Readystate Asset Management LP bought a new position in shares of Advance Auto Parts during the fourth quarter valued at $1,567,000. Finally, Quarry LP lifted its holdings in shares of Advance Auto Parts by 285.7% during the fourth quarter. Quarry LP now owns 702 shares of the company’s stock valued at $43,000 after purchasing an additional 520 shares in the last quarter. 88.75% of the stock is owned by institutional investors.

Advance Auto Parts Stock Performance

Shares of AAP opened at $66.25 on Monday. The company has a quick ratio of 0.29, a current ratio of 1.22 and a debt-to-equity ratio of 0.70. The business has a 50-day simple moving average of $70.76 and a two-hundred day simple moving average of $69.25. The stock has a market cap of $3.95 billion, a price-to-earnings ratio of 95.31, a PEG ratio of 1.27 and a beta of 1.20. Advance Auto Parts, Inc. has a 52 week low of $47.73 and a 52 week high of $88.56.

Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings results on Wednesday, May 29th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.02). The company had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.43 billion. Advance Auto Parts had a return on equity of 1.59% and a net margin of 0.37%. The business’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.72 EPS. On average, analysts expect that Advance Auto Parts, Inc. will post 3.72 EPS for the current year.

Advance Auto Parts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, July 12th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Friday, July 12th. Advance Auto Parts’s dividend payout ratio is currently 144.93%.

Insider Buying and Selling

In other Advance Auto Parts news, Director Brent Windom bought 4,700 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The stock was purchased at an average price of $85.34 per share, for a total transaction of $401,098.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $853,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.35% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. UBS Group upped their price target on Advance Auto Parts from $68.00 to $72.00 and gave the company a “neutral” rating in a report on Tuesday, May 28th. Wedbush reissued a “neutral” rating and issued a $70.00 target price on shares of Advance Auto Parts in a report on Friday, May 24th. StockNews.com raised Advance Auto Parts from a “sell” rating to a “hold” rating in a report on Thursday, May 30th. Royal Bank of Canada lowered their target price on Advance Auto Parts from $68.00 to $65.00 and set a “sector perform” rating on the stock in a report on Thursday, May 30th. Finally, Truist Financial lowered their target price on Advance Auto Parts from $70.00 to $63.00 and set a “hold” rating on the stock in a report on Thursday, May 30th. Two analysts have rated the stock with a sell rating and sixteen have given a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $64.00.

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.