Nomura Asset Management Co. Ltd. Has $1.45 Million Position in Advance Auto Parts Inc (NYSE:AAP)

Nomura Asset Management Co. Ltd. boosted its stake in Advance Auto Parts Inc (NYSE:AAP) by 4.3% during the first quarter, Holdings Channel reports. The institutional investor owned 9,756 shares of the company’s stock after buying an additional 406 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Advance Auto Parts were worth $1,446,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Cleararc Capital Inc. boosted its stake in shares of Advance Auto Parts by 0.4% in the first quarter. Cleararc Capital Inc. now owns 1,802 shares of the company’s stock valued at $267,000 after buying an additional 7 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Advance Auto Parts by 3.2% in the first quarter. IFP Advisors Inc now owns 767 shares of the company’s stock valued at $114,000 after buying an additional 24 shares in the last quarter. Strs Ohio boosted its stake in shares of Advance Auto Parts by 0.7% in the first quarter. Strs Ohio now owns 3,955 shares of the company’s stock valued at $586,000 after buying an additional 28 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Advance Auto Parts by 3.0% in the first quarter. Pacer Advisors Inc. now owns 1,517 shares of the company’s stock valued at $225,000 after buying an additional 44 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in shares of Advance Auto Parts by 3.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,964 shares of the company’s stock valued at $272,000 after buying an additional 61 shares in the last quarter.

Shares of Advance Auto Parts Inc (NYSE:AAP) opened at 101.93 on Monday. Advance Auto Parts Inc has a 52 week low of $99.13 and a 52 week high of $177.83. The stock’s 50 day moving average price is $132.91 and its 200-day moving average price is $151.47. The company has a market cap of $7.52 billion, a PE ratio of 18.47 and a beta of 0.88.

Advance Auto Parts (NYSE:AAP) last issued its earnings results on Wednesday, May 24th. The company reported $1.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.20 by $0.60. The firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.94 billion. Advance Auto Parts had a net margin of 4.31% and a return on equity of 16.02%. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.51 earnings per share. Analysts expect that Advance Auto Parts Inc will post $6.63 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 7th. Shareholders of record on Friday, June 23rd were paid a $0.06 dividend. The ex-dividend date was Wednesday, June 21st. This represents a $0.24 annualized dividend and a dividend yield of 0.24%. Advance Auto Parts’s payout ratio is presently 4.36%.

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Several equities analysts have recently issued reports on the company. Barclays PLC restated a “sell” rating and set a $120.00 target price on shares of Advance Auto Parts in a research report on Friday, May 26th. Bank of America Corporation decreased their target price on Advance Auto Parts from $160.00 to $150.00 and set a “neutral” rating for the company in a research report on Thursday, May 25th. Royal Bank of Canada decreased their target price on Advance Auto Parts from $168.00 to $153.00 and set an “outperform” rating for the company in a research report on Thursday, May 25th. TheStreet lowered Advance Auto Parts from a “b” rating to a “c+” rating in a research report on Monday, March 27th. Finally, Jefferies Group LLC boosted their target price on Advance Auto Parts to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, June 28th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $152.38.

In related news, Director Eugene I. Lee, Jr. acquired 1,895 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The shares were bought at an average cost of $132.18 per share, for a total transaction of $250,481.10. Following the purchase, the director now owns 4,398 shares in the company, valued at approximately $581,327.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Adriana Karaboutis acquired 367 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The shares were bought at an average price of $135.28 per share, for a total transaction of $49,647.76. Following the completion of the purchase, the director now owns 3,043 shares in the company, valued at approximately $411,657.04. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 369,462 shares of company stock worth $49,617,073. Corporate insiders own 4.50% of the company’s stock.

Advance Auto Parts Company Profile

Advance Auto Parts, Inc provides automotive aftermarket parts in North America, serving do-it-for-me (Professional) and do-it-yourself (DIY), customers. 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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Institutional Ownership by Quarter for Advance Auto Parts (NYSE:AAP)

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