Advance Auto Parts, Inc. (NYSE:AAP) Shares Sold by Vanguard Group Inc. (2024)

Vanguard Group Inc. decreased its holdings in shares of Advance Auto Parts, Inc. (NYSE:AAP - Free Report) by 4.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,829,093 shares of the company's stock after selling 316,031 shares during the period. Vanguard Group Inc. owned 11.48% of Advance Auto Parts worth $416,780,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in AAP. Federated Hermes Inc. grew its stake in Advance Auto Parts by 2,716,800.0% in the fourth quarter. Federated Hermes Inc. now owns 842,239 shares of the company's stock valued at $51,402,000 after acquiring an additional 842,208 shares during the period. UBS Group AG grew its position in Advance Auto Parts by 337.7% in the 4th quarter. UBS Group AG now owns 811,734 shares of the company's stock valued at $49,540,000 after purchasing an additional 626,294 shares during the period. Norges Bank bought a new stake in Advance Auto Parts during the 4th quarter valued at $37,522,000. Jacobs Levy Equity Management Inc. raised its holdings in Advance Auto Parts by 94.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 931,125 shares of the company's stock worth $52,078,000 after buying an additional 452,488 shares during the last quarter. Finally, Nomura Holdings Inc. bought a new position in shares of Advance Auto Parts in the third quarter valued at $11,410,000. 88.75% of the stock is currently owned by institutional investors.

Advance Auto Parts Stock Performance

NYSE:AAP traded up $0.91 on Thursday, reaching $62.70. 1,116,618 shares of the company's stock were exchanged, compared to its average volume of 1,727,696. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of 90.87, a P/E/G ratio of 1.22 and a beta of 1.20. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.22 and a quick ratio of 0.29. The stock has a fifty day simple moving average of $69.97 and a 200-day simple moving average of $69.27. Advance Auto Parts, Inc. has a 52 week low of $47.73 and a 52 week high of $88.56.

Ad InvestorPlaceNext-Gen AI is Creating Millionaires Right NowI predict massive unemployment is coming.800 million could lose their jobs, according to a McKinsey study, and 70% of all existing occupations could see a pay cut because of job elimination, according to Wired magazine.Here’s what I’m recommending now (includes 2 stock tickers).

Advance Auto Parts (NYSE:AAP - Get Free Report) last released its quarterly earnings data on Wednesday, May 29th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.02). Advance Auto Parts had a return on equity of 1.59% and a net margin of 0.37%. The business had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same period last year, the business posted $0.72 earnings per share. The firm's quarterly revenue was down .3% on a year-over-year basis. As a group, sell-side analysts predict that Advance Auto Parts, Inc. will post 3.72 earnings per share for the current year.

Advance Auto Parts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, July 12th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, July 12th. This represents a $1.00 dividend on an annualized basis and a yield of 1.59%. Advance Auto Parts's dividend payout ratio (DPR) is 144.93%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AAP. UBS Group raised their price target on shares of Advance Auto Parts from $68.00 to $72.00 and gave the company a "neutral" rating in a research report on Tuesday, May 28th. JPMorgan Chase & Co. lifted their target price on Advance Auto Parts from $55.00 to $68.00 and gave the company a "neutral" rating in a research report on Thursday, February 29th. Royal Bank of Canada lowered their price target on Advance Auto Parts from $68.00 to $65.00 and set a "sector perform" rating for the company in a research report on Thursday, May 30th. Evercore ISI raised their price objective on Advance Auto Parts from $72.00 to $73.00 and gave the company an "in-line" rating in a research note on Thursday, June 20th. Finally, upgraded shares of Advance Auto Parts from a "sell" rating to a "hold" rating in a research note on Thursday, May 30th. Two research analysts have rated the stock with a sell rating and sixteen have issued a hold rating to the stock. Based on data from, the company currently has a consensus rating of "Hold" and an average target price of $64.00.

Check Out Our Latest Report on Advance Auto Parts

About Advance Auto Parts

(Free Report)

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

  • Five stocks we like better than Advance Auto Parts
  • How to Calculate Inflation Rate
  • BlackBerry Stock: Strong Earnings, Profitability Challenges Ahead
  • How to Invest in Tech Stocksand Top Tech Stocks to Consider
  • Progress Software Stock Back in the Green After Beating Forecasts
  • 3 REITs to Buy and Hold for the Long Term
  • Goldman Sachs Raises Stock Target for Affirm: Key Insights

Advance Auto Parts, Inc. (NYSE:AAP) Shares Sold by Vanguard Group Inc. (3)

→ AI's Next Magnificent Seven (From The Oxford Club) (Ad)Advance Auto Parts, Inc. (NYSE:AAP) Shares Sold by Vanguard Group Inc. (4)

Should you invest $1,000 in Advance Auto Parts right now?

Before you consider Advance Auto Parts, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Advance Auto Parts wasn't on the list.

While Advance Auto Parts currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Advance Auto Parts, Inc. (NYSE:AAP) Shares Sold by Vanguard Group Inc. (5)

The Best High-Yield Dividend Stocks for 2024

Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.

Get This Free Report

Advance Auto Parts, Inc. (NYSE:AAP) Shares Sold by Vanguard Group Inc. (2024)


Who owns the most AAP stock? ›

These institutions hold a total of 70,206,162 shares. Largest shareholders include BlackRock Inc., Vanguard Group Inc, Price T Rowe Associates Inc /md/, IJR - iShares Core S&P Small-Cap ETF, State Street Corp, Fmr Llc, D. E. Shaw & Co., Inc., TRMCX - T.

Is Advance Auto Parts stock a good buy? ›

Based on analyst ratings, Advance Auto Parts Inc's 12-month average price target is $66.08. Advance Auto Parts Inc has 5.39% upside potential, based on the analysts' average price target. Advance Auto Parts Inc has a consensus rating of Hold which is based on 0 buy ratings, 14 hold ratings and 1 sell ratings.

Will advance auto parts go back up? ›

Advance Auto Parts is highly likely to recover according to the consensus estimate of 19 analysts who have a price target of $67.75 per share. If they are proven correct, that share price forecast would correspond to a 20.8% move higher.

What stocks does the Vanguard Group Inc own? ›

Latest Holdings, Performance, AUM (from 13F, 13D)

Vanguard Group Inc's top holdings are Microsoft Corporation (US:MSFT) , Apple Inc. (US:AAPL) , NVIDIA Corporation (US:NVDA) ,, Inc. (US:AMZN) , and Meta Platforms, Inc. (US:META) .

Is aap a good dividend stock? ›

(NYSE:AAP) has announced that it will pay a dividend on the 26th of July, with investors receiving $0.25 per share. This payment means that the dividend yield will be 1.6%, which is around the industry average.

How often does AAP pay dividends? ›

( AAP ) pays dividends on a quarterly basis.

Why are Advance Auto Parts struggling? ›

Many of its profitability problems started when it acquired Carquest in 2013, which essentially gave the company two supply chains, and that is inefficient. O'Kelly is consolidating it into one, which should yield better margins.

What is the controversy with Advance Auto Parts? ›

The lawsuit, filed in Roanoke's federal court in 2021, asserts that Advance officials failed to adequately review the investment portfolio of the company's 401(k) plan to ensure best performance, and subjected participants to unreasonably high fees.

What is the Outlook for Advance Auto Parts? ›

Advance Auto Parts Future Growth

Advance Auto Parts is forecast to grow earnings and revenue by 31.8% and 1.5% per annum respectively. EPS is expected to grow by 32.6% per annum. Return on equity is forecast to be 9.2% in 3 years.

What is the price prediction for AAP stock? ›

Advance Auto Parts Stock Forecast

The 15 analysts with 12-month price forecasts for Advance Auto Parts stock have an average target of 63.47, with a low estimate of 50 and a high estimate of 73. The average target predicts a decrease of -1.09% from the current stock price of 64.17.

Why did the AAP stock drop? ›

Advance Auto's (ticker: AAP) third-quarter report, delivered Wednesday, was filled to the brim. It delivered a surprise loss, and the company slashed its full-year earnings guidance by roughly two-thirds, well below analysts' estimates—partly due to nonrecurring charges in the quarter.

Is Advance Auto going out of business? ›

Advance Auto's likelihood of distress is less than 5% at this time. It is unlikely to undergo any financial distress in the next 24 months. Probability of distress prediction helps decision makers evaluate Advance Auto's chance of financial distress in relation to its going-concern outlook and evaluation.

Who is the biggest investor of Vanguard Group? ›

The five largest shareholders/investors in each of Vanguard's funds vary depending on the specific fund. However, some of the largest shareholders in Vanguard's funds include BlackRock, State Street, Bank of New York Mellon, Charles Schwab, and Fidelity.

Which family owns Vanguard? ›

Vanguard set out in 1975 under a radical ownership structure that remains unique in the asset management industry. Our company is owned by its member funds, which in turn are owned by fund shareholders. With no outside owners to satisfy, we focus squarely on meeting the investment needs of our clients.

What does Vanguard not own? ›

If a fund holds shares of a company, then that fund and the fund's shareholders are owners of the company whose share is held. So, Vanguard doesn't own any companies; the fund's shareholders do.

Who owns the most American Airlines stock? ›

Largest shareholders include Vanguard Group Inc, Primecap Management Co/ca/, BlackRock Inc., SRS Investment Management, LLC, State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VPMCX - Vanguard PRIMECAP Fund Investor Shares, Citadel Advisors Llc, Lombard Odier Asset Management (USA) Corp, ...

Who is the largest holder of Apple stock? ›

Largest shareholders include Vanguard Group Inc, BlackRock Inc., Berkshire Hathaway Inc, State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, Geode Capital Management, Llc, Fmr Llc, Morgan Stanley, and Price T Rowe Associates Inc /md/ .

Who is the largest shareholder of News Corp? ›

T. Rowe Price, the largest owner of News Corp after the Murdoch family, says the deal risks undervaluing News Corp.

Who owns the most IEP stock? ›

It's very clear in the company's most recent investor presentation that "IEP is majority owned and controlled by Carl Icahn." It even goes so far as to explain that, "As of March 31, 2024, Carl Icahn and his affiliates owned approximately 85% of IEP's outstanding depositary units."

Top Articles
Latest Posts
Article information

Author: Terrell Hackett

Last Updated:

Views: 5660

Rating: 4.1 / 5 (72 voted)

Reviews: 95% of readers found this page helpful

Author information

Name: Terrell Hackett

Birthday: 1992-03-17

Address: Suite 453 459 Gibson Squares, East Adriane, AK 71925-5692

Phone: +21811810803470

Job: Chief Representative

Hobby: Board games, Rock climbing, Ghost hunting, Origami, Kabaddi, Mushroom hunting, Gaming

Introduction: My name is Terrell Hackett, I am a gleaming, brainy, courageous, helpful, healthy, cooperative, graceful person who loves writing and wants to share my knowledge and understanding with you.