Today: Today, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp invests in Advance Auto Parts Inc. (AAP) Shares

Today, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp invests in Advance Auto Parts Inc. (AAP) Shares

Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its position in Advance Auto Parts Inc. (NYSE:AAP) by 10.0% during the third quarter, Holdings Channel reports. The institutional investor owned 16,500 shares of the company’s stock after buying an additional 1,500 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in Advance Auto Parts were worth $2,460,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Cullinan Associates Inc. raised its stake in shares of Advance Auto Parts by 2.2% in the second quarter. Cullinan Associates Inc. now owns 20,700 shares of the company’s stock worth $3,346,000 after buying an additional 450 shares in the last quarter. British Columbia Investment Management Corp raised its stake in shares of Advance Auto Parts by 78.1% in the second quarter. British Columbia Investment Management Corp now owns 38,563 shares of the company’s stock worth $6,233,000 after buying an additional 16,905 shares in the last quarter. Exxonmobil Investment Management Inc. TX raised its stake in shares of Advance Auto Parts by 6.7% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 19,040 shares of the company’s stock worth $3,077,000 after buying an additional 1,188 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its stake in shares of Advance Auto Parts by 1.6% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 62,836 shares of the company’s stock worth $10,156,000 after buying an additional 968 shares in the last quarter. Finally, Community Trust & Investment Co. raised its stake in shares of Advance Auto Parts by 3.5% in the second quarter. Community Trust & Investment Co. now owns 94,320 shares of the company’s stock worth $15,245,000 after buying an additional 3,152 shares in the last quarter. Hedge funds and other institutional investors own 99.08% of the company’s stock.

Advance Auto Parts Inc. (NYSE:AAP) opened at 170.86 on Friday. The firm’s 50-day moving average is $148.06 and its 200-day moving average is $154.52. Advance Auto Parts Inc. has a 52-week low of $131.59 and a 52-week high of $172.87. The company has a market cap of $12.58 billion, a PE ratio of 28.00 and a beta of 1.04.

Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings data on Monday, November 14th. The company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.02. The business had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.20 billion. Advance Auto Parts had a net margin of 4.75% and a return on equity of 20.42%. The business’s revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the company earned $1.95 EPS. On average, equities research analysts anticipate that Advance Auto Parts Inc. will post $7.25 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 6th. Investors of record on Friday, December 23rd will be paid a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, December 21st. This represents a $0.24 dividend on an annualized basis and a yield of 0.14%. Advance Auto Parts’s dividend payout ratio is currently 3.94%.

Several analysts recently issued reports on the stock. Deutsche Bank AG boosted their target price on shares of Advance Auto Parts from $160.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, August 1st. Wedbush restated an “outperform” rating and set a $175.00 target price (up from $160.00) on shares of Advance Auto Parts in a research report on Wednesday, August 17th. Citigroup Inc. boosted their target price on shares of Advance Auto Parts from $145.00 to $162.00 and gave the company a “neutral” rating in a research report on Wednesday, August 17th. BTIG Research restated a “sell” rating and set a $120.00 target price on shares of Advance Auto Parts in a research report on Wednesday, August 17th. Finally, Credit Suisse Group AG restated an “outperform” rating and set a $171.00 target price (up from $155.00) on shares of Advance Auto Parts in a research report on Thursday, August 18th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Advance Auto Parts has an average rating of “Hold” and an average price target of $166.81.

In related news, Director Jeffrey C. Smith purchased 70,000 shares of the company’s stock in a transaction that occurred on Friday, September 2nd. The shares were purchased at an average price of $158.77 per share, with a total value of $11,113,900.00. Following the purchase, the director now owns 1,271 shares of the company’s stock, valued at $201,796.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robert B. Cushing purchased 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 30th. The stock was bought at an average cost of $156.66 per share, for a total transaction of $234,990.00. Following the purchase, the executive vice president now directly owns 6,362 shares in the company, valued at approximately $996,670.92. The disclosure for this purchase can be found here. 4.50% of the stock is currently owned by corporate insiders.

Advance Auto Parts Company Profile

Advance Auto Parts, Inc provides automotive aftermarket parts in North America, serving do-it-for-me (commercial) and do-it-yourself (DIY), customers, as well as independently owned operators. 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.

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