Moody National Bank Trust Division Invests $1.20 Million in Advance Auto Parts, Inc. (NYSE:AAP)

Moody National Bank Trust Division bought a new stake in Advance Auto Parts, Inc. (NYSE:AAP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 25,289 shares of the company’s stock, valued at approximately $1,196,000.

A number of other large investors have also added to or reduced their stakes in the company. Pzena Investment Management LLC increased its position in shares of Advance Auto Parts by 140.3% during the 3rd quarter. Pzena Investment Management LLC now owns 2,908,658 shares of the company’s stock valued at $113,409,000 after purchasing an additional 1,698,155 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Advance Auto Parts by 76.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,266,362 shares of the company’s stock worth $80,197,000 after buying an additional 547,696 shares in the last quarter. Dorsal Capital Management LP grew its position in Advance Auto Parts by 159.7% during the second quarter. Dorsal Capital Management LP now owns 1,250,000 shares of the company’s stock valued at $79,162,000 after acquiring an additional 768,664 shares during the last quarter. Royce & Associates LP raised its stake in shares of Advance Auto Parts by 31.7% during the third quarter. Royce & Associates LP now owns 1,075,587 shares of the company’s stock worth $41,937,000 after acquiring an additional 258,656 shares in the last quarter. Finally, Legion Partners Asset Management LLC lifted its holdings in shares of Advance Auto Parts by 1.7% in the 2nd quarter. Legion Partners Asset Management LLC now owns 786,250 shares of the company’s stock worth $49,793,000 after acquiring an additional 13,300 shares during the last quarter. Hedge funds and other institutional investors own 88.75% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Wells Fargo & Company lifted their target price on shares of Advance Auto Parts from $40.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Barclays decreased their price objective on Advance Auto Parts from $66.00 to $54.00 and set an “equal weight” rating on the stock in a report on Thursday, January 9th. Roth Mkm restated a “neutral” rating and set a $40.00 target price on shares of Advance Auto Parts in a report on Wednesday, October 16th. Royal Bank of Canada decreased their price target on Advance Auto Parts from $52.00 to $46.00 and set a “sector perform” rating on the stock in a research note on Monday, November 11th. Finally, Truist Financial dropped their price objective on Advance Auto Parts from $41.00 to $39.00 and set a “hold” rating for the company in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $47.93.

Insider Buying and Selling

In other Advance Auto Parts news, EVP Tammy M. Finley sold 1,276 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $44.06, for a total value of $56,220.56. Following the sale, the executive vice president now directly owns 24,266 shares of the company’s stock, valued at approximately $1,069,159.96. The trade was a 5.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.35% of the stock is currently owned by insiders.

Advance Auto Parts Price Performance

Shares of NYSE AAP opened at $44.87 on Tuesday. Advance Auto Parts, Inc. has a 1 year low of $35.59 and a 1 year high of $88.56. The stock has a market capitalization of $2.68 billion, a P/E ratio of 61.47 and a beta of 1.16. The company’s 50-day moving average is $43.08 and its 200 day moving average is $47.12. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.34 and a quick ratio of 0.62.

Advance Auto Parts (NYSE:AAP) last released its quarterly earnings results on Thursday, November 14th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.53). The firm had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.62 billion. Advance Auto Parts had a net margin of 0.41% and a return on equity of 1.82%. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.82) earnings per share. On average, sell-side analysts expect that Advance Auto Parts, Inc. will post -0.54 earnings per share for the current year.

Advance Auto Parts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.00 dividend on an annualized basis and a yield of 2.23%. Advance Auto Parts’s dividend payout ratio (DPR) is currently 136.99%.

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.