Allianz Asset Management GmbH Has $35.01 Million Stock Holdings in Advance Auto Parts, Inc. (NYSE:AAP)

Allianz Asset Management GmbH increased its position in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 244.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 740,234 shares of the company’s stock after purchasing an additional 525,504 shares during the period. Allianz Asset Management GmbH’s holdings in Advance Auto Parts were worth $35,006,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Versant Capital Management Inc increased its holdings in shares of Advance Auto Parts by 207.4% during the fourth quarter. Versant Capital Management Inc now owns 541 shares of the company’s stock valued at $26,000 after acquiring an additional 365 shares in the last quarter. Allworth Financial LP grew its position in Advance Auto Parts by 1,543.4% in the 4th quarter. Allworth Financial LP now owns 871 shares of the company’s stock valued at $40,000 after purchasing an additional 818 shares during the period. Blue Trust Inc. increased its stake in Advance Auto Parts by 56.7% during the 3rd quarter. Blue Trust Inc. now owns 1,205 shares of the company’s stock valued at $47,000 after purchasing an additional 436 shares in the last quarter. KBC Group NV raised its holdings in Advance Auto Parts by 29.1% during the third quarter. KBC Group NV now owns 1,749 shares of the company’s stock worth $68,000 after buying an additional 394 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Advance Auto Parts by 198.3% in the fourth 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 in the last quarter. Institutional investors own 88.75% of the company’s stock.

Insider Transactions at Advance Auto Parts

In related news, EVP Tammy M. Finley sold 1,276 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 24,266 shares in the company, valued at approximately $1,069,159.96. This represents a 5.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.35% of the stock is currently owned by company insiders.

Advance Auto Parts Stock Performance

NYSE AAP opened at $43.46 on Monday. The company has a market capitalization of $2.60 billion, a PE ratio of 59.53, a price-to-earnings-growth ratio of 2.02 and a beta of 1.15. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.62 and a current ratio of 1.34. Advance Auto Parts, Inc. has a 52-week low of $35.59 and a 52-week high of $88.56. The company has a 50-day simple moving average of $46.21 and a 200 day simple moving average of $44.20.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Wells Fargo & Company boosted 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. Truist Financial decreased their price objective on Advance Auto Parts from $41.00 to $39.00 and set a “hold” rating for the company in a report on Friday, November 15th. Wedbush restated an “outperform” rating and issued a $55.00 target price on shares of Advance Auto Parts in a report on Friday, November 15th. Barclays decreased their price target on Advance Auto Parts from $66.00 to $54.00 and set an “equal weight” rating for the company in a report on Thursday, January 9th. Finally, Evercore ISI raised their price objective on Advance Auto Parts from $45.00 to $60.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $47.88.

Advance Auto Parts 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.