Oregon Public Employees Retirement Fund Has $1.05 Million Stake in Advance Auto Parts, Inc. (NYSE:AAP)

Oregon Public Employees Retirement Fund lowered its position in Advance Auto Parts, Inc. (NYSE:AAP – Get Rating) by 4.4% in the first quarter, HoldingsChannel.com reports. The fund owned 5,047 shares of the company’s stock after selling 230 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Advance Auto Parts were worth $1,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in AAP. Stratos Wealth Partners LTD. bought a new stake in shares of Advance Auto Parts in the 4th quarter valued at about $313,000. Spire Wealth Management raised its stake in Advance Auto Parts by 30.2% in the fourth quarter. Spire Wealth Management now owns 859 shares of the company’s stock valued at $206,000 after buying an additional 199 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in Advance Auto Parts by 30.9% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 309 shares of the company’s stock valued at $74,000 after buying an additional 73 shares during the period. YorkBridge Wealth Partners LLC bought a new position in shares of Advance Auto Parts during the 4th quarter worth approximately $511,000. Finally, Parallel Advisors LLC increased its holdings in shares of Advance Auto Parts by 70.6% during the 4th quarter. Parallel Advisors LLC now owns 2,858 shares of the company’s stock worth $686,000 after acquiring an additional 1,183 shares during the last quarter. 98.99% of the stock is owned by institutional investors.

A number of equities analysts have commented on AAP shares. Guggenheim reduced their price objective on shares of Advance Auto Parts from $266.00 to $259.00 and set a “buy” rating for the company in a research report on Wednesday, May 25th. UBS Group reduced their target price on shares of Advance Auto Parts to $250.00 in a report on Wednesday, May 25th. Citigroup lowered their price target on shares of Advance Auto Parts from $294.00 to $250.00 in a report on Friday, May 13th. Wedbush reduced their price objective on Advance Auto Parts from $270.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday, May 24th. Finally, Stephens lowered their target price on Advance Auto Parts from $246.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 25th. Six analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $242.17.

AAP opened at $183.84 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.25 and a current ratio of 1.20. Advance Auto Parts, Inc. has a 52-week low of $164.00 and a 52-week high of $244.55. The firm has a market cap of $11.15 billion, a P/E ratio of 20.24, a price-to-earnings-growth ratio of 1.06 and a beta of 1.21. The business’s fifty day moving average is $187.02 and its 200-day moving average is $208.63.

Advance Auto Parts (NYSE:AAP – Get Rating) last posted its quarterly earnings data on Monday, May 23rd. The company reported $3.57 earnings per share for the quarter, missing the consensus estimate of $3.59 by ($0.02). Advance Auto Parts had a return on equity of 24.74% and a net margin of 5.16%. The firm had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same period in the prior year, the company earned $3.34 EPS. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, research analysts predict that Advance Auto Parts, Inc. will post 13.68 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 1st. Investors of record on Friday, June 17th were given a dividend of $1.50 per share. The ex-dividend date was Thursday, June 16th. This represents a $6.00 annualized dividend and a dividend yield of 3.26%. Advance Auto Parts’s dividend payout ratio is 66.82%.

Advance Auto Parts Profile (Get Rating)

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.

Featured Articles

Want to see what other hedge funds are holding AAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advance Auto Parts, Inc. (NYSE:AAP – Get Rating).

Receive News & Ratings for Advance Auto Parts Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Advance Auto Parts and related companies with MarketBeat.com’s FREE daily email newsletter.