Summit Trail Advisors LLC Acquires Shares of 6,440 Advance Auto Parts, Inc. (NYSE:AAP)

Summit Trail Advisors LLC acquired a new stake in Advance Auto Parts, Inc. (NYSE:AAP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,440 shares of the company’s stock, valued at approximately $305,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc boosted its holdings in Advance Auto Parts by 207.4% in the fourth quarter. Versant Capital Management Inc now owns 541 shares of the company’s stock valued at $26,000 after purchasing an additional 365 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Advance Auto Parts by 56.7% in the 3rd quarter. Blue Trust Inc. now owns 1,205 shares of the company’s stock valued at $47,000 after buying an additional 436 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Advance Auto Parts by 198.3% in the 4th quarter. GAMMA Investing LLC now owns 1,575 shares of the company’s stock valued at $74,000 after buying an additional 1,047 shares during the last quarter. KBC Group NV grew its position in shares of Advance Auto Parts by 29.1% in the 3rd quarter. KBC Group NV now owns 1,749 shares of the company’s stock valued at $68,000 after buying an additional 394 shares during the last quarter. Finally, AM Squared Ltd raised its stake in Advance Auto Parts by 100.0% during the 3rd quarter. AM Squared Ltd now owns 2,000 shares of the company’s stock worth $78,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 88.75% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Tammy M. Finley sold 1,276 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $44.06, for a total value of $56,220.56. Following the completion of the sale, the executive vice president now owns 24,266 shares in the company, valued at $1,069,159.96. This trade represents a 5.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.35% of the company’s stock.

Advance Auto Parts Price Performance

Shares of AAP opened at $47.49 on Thursday. 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’s 50 day moving average is $46.12 and its two-hundred day moving average is $45.05. Advance Auto Parts, Inc. has a twelve month low of $35.59 and a twelve month high of $88.56. The firm has a market capitalization of $2.84 billion, a PE ratio of 65.06, a P/E/G ratio of 2.23 and a beta of 1.15.

Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings results on Thursday, November 14th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.53). The business had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.62 billion. Advance Auto Parts had a net margin of 0.41% and a return on equity of 1.82%. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.82) earnings per share. Research analysts anticipate that Advance Auto Parts, Inc. will post -0.46 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Evercore ISI raised their price objective on Advance Auto Parts from $45.00 to $60.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th. BMO Capital Markets began coverage on Advance Auto Parts in a research note on Friday, December 13th. They set a “market perform” rating and a $45.00 price target on the stock. Roth Mkm reaffirmed a “neutral” rating and set a $40.00 price target on shares of Advance Auto Parts in a research report on Wednesday, October 16th. DA Davidson reissued a “neutral” rating and issued a $45.00 price objective on shares of Advance Auto Parts in a report on Friday, November 15th. Finally, Royal Bank of Canada cut their target price on shares of Advance Auto Parts from $52.00 to $46.00 and set a “sector perform” rating on the stock in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Advance Auto Parts currently has an average rating of “Hold” and an average price target of $47.93.

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.