Swiss National Bank Has $5.55 Million Stock Holdings in Advance Auto Parts, Inc. (NYSE:AAP)

Swiss National Bank raised its position in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,400 shares of the company’s stock after purchasing an additional 1,000 shares during the period. Swiss National Bank owned approximately 0.20% of Advance Auto Parts worth $5,552,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AAP. Blue Trust Inc. raised its holdings in shares of Advance Auto Parts by 75.9% during the 4th quarter. Blue Trust Inc. now owns 2,119 shares of the company’s stock worth $100,000 after buying an additional 914 shares in the last quarter. Moody National Bank Trust Division bought a new position in Advance Auto Parts in the fourth quarter valued at about $1,196,000. Maple Rock Capital Partners Inc. acquired a new position in Advance Auto Parts during the third quarter worth about $9,046,000. FORA Capital LLC bought a new position in shares of Advance Auto Parts in the third quarter worth about $2,144,000. Finally, Dynamic Technology Lab Private Ltd lifted its holdings in shares of Advance Auto Parts by 19.4% in the third quarter. Dynamic Technology Lab Private Ltd now owns 78,108 shares of the company’s stock worth $3,045,000 after acquiring an additional 12,704 shares during the last quarter. 88.75% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Advance Auto Parts Stock Performance

AAP stock opened at $37.43 on Monday. Advance Auto Parts, Inc. has a 1-year low of $33.08 and a 1-year high of $87.36. 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 price of $43.12 and a 200-day moving average price of $41.90. The firm has a market cap of $2.24 billion, a PE ratio of 51.27, a price-to-earnings-growth ratio of 1.98 and a beta of 1.27.

Advance Auto Parts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.67%. The ex-dividend date is Friday, April 11th. Advance Auto Parts’s dividend payout ratio (DPR) is presently -17.86%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on AAP shares. Citigroup lowered their price objective on shares of Advance Auto Parts from $47.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday, February 27th. Wedbush reiterated an “outperform” rating and set a $55.00 price target on shares of Advance Auto Parts in a report on Monday, March 3rd. Truist Financial cut their price objective on Advance Auto Parts from $39.00 to $34.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. BMO Capital Markets lowered their target price on Advance Auto Parts from $45.00 to $40.00 and set a “market perform” rating for the company in a report on Thursday, February 27th. Finally, Barclays cut their price target on Advance Auto Parts from $66.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 9th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $45.13.

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.