Advance Auto Parts, Inc. (NYSE:AAP) Shares Bought by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC lifted its stake in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 16.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,446 shares of the company’s stock after purchasing an additional 2,375 shares during the quarter. Keeley Teton Advisors LLC’s holdings in Advance Auto Parts were worth $778,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in AAP. Cooper Creek Partners Management LLC acquired a new stake in Advance Auto Parts in the fourth quarter worth $75,055,000. Thrivent Financial for Lutherans increased its holdings in shares of Advance Auto Parts by 2,662.0% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,293,205 shares of the company’s stock worth $61,156,000 after acquiring an additional 1,246,384 shares during the period. Segall Bryant & Hamill LLC bought a new stake in Advance Auto Parts in the 4th quarter valued at about $34,586,000. Allianz Asset Management GmbH boosted its stake in Advance Auto Parts by 244.7% during the 4th quarter. Allianz Asset Management GmbH now owns 740,234 shares of the company’s stock valued at $35,006,000 after purchasing an additional 525,504 shares during the period. Finally, Pzena Investment Management LLC grew its position in Advance Auto Parts by 12.5% in the 4th quarter. Pzena Investment Management LLC now owns 3,270,897 shares of the company’s stock worth $154,681,000 after purchasing an additional 362,239 shares during the last quarter. Institutional investors own 88.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on AAP shares. Evercore ISI cut their price target on Advance Auto Parts from $37.00 to $35.00 and set an “in-line” rating on the stock in a report on Tuesday, March 11th. Truist Financial decreased their price target on Advance Auto Parts from $39.00 to $34.00 and set a “hold” rating for the company in a research note on Thursday, February 27th. Barclays cut their price objective on shares of 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. Wedbush reissued an “outperform” rating and set a $55.00 target price on shares of Advance Auto Parts in a research note on Monday, March 3rd. Finally, BMO Capital Markets reduced their price target on shares of Advance Auto Parts from $45.00 to $40.00 and set a “market perform” rating for the company in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $45.13.

Insider Buying and Selling

In other Advance Auto Parts news, Director Eugene I. Lee, Jr. purchased 14,640 shares of the stock in a transaction dated Thursday, March 6th. The shares were acquired at an average price of $34.15 per share, for a total transaction of $499,956.00. Following the completion of the acquisition, the director now owns 34,070 shares of the company’s stock, valued at $1,163,490.50. This represents a 75.35 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Shane M. Okelly acquired 1,500 shares of Advance Auto Parts stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost of $36.79 per share, with a total value of $55,185.00. Following the completion of the purchase, the chief executive officer now owns 183,121 shares in the company, valued at approximately $6,737,021.59. This represents a 0.83 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.67% of the company’s stock.

Advance Auto Parts Price Performance

NYSE AAP opened at $30.96 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. Advance Auto Parts, Inc. has a 1 year low of $28.89 and a 1 year high of $79.41. The company has a market cap of $1.85 billion, a PE ratio of 42.41, a PEG ratio of 1.98 and a beta of 1.07. The stock’s 50-day moving average price is $38.25 and its two-hundred day moving average price is $41.14.

Advance Auto Parts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be given a $0.25 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.00 annualized dividend and a dividend yield of 3.23%. Advance Auto Parts’s dividend payout ratio (DPR) is presently -17.86%.

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.