Moody National Bank Trust Division Purchases Shares of 25,289 Advance Auto Parts, Inc. (NYSE:AAP)

Moody National Bank Trust Division acquired a new position in Advance Auto Parts, Inc. (NYSE:AAP) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 25,289 shares of the company’s stock, valued at approximately $1,196,000.

Other large investors also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Advance Auto Parts in the 3rd quarter valued at $14,684,000. Wolverine Asset Management LLC raised its holdings in shares of Advance Auto Parts by 212.4% in the third quarter. Wolverine Asset Management LLC now owns 31,357 shares of the company’s stock valued at $1,223,000 after purchasing an additional 21,320 shares during the last quarter. Quest Partners LLC purchased a new position in Advance Auto Parts during the third quarter worth about $579,000. FORA Capital LLC bought a new stake in Advance Auto Parts in the 3rd quarter worth about $2,144,000. Finally, Maple Rock Capital Partners Inc. purchased a new stake in Advance Auto Parts in the 3rd quarter valued at about $9,046,000. Institutional investors own 88.75% of the company’s stock.

Insider Buying and Selling

In other Advance Auto Parts news, EVP Tammy M. Finley sold 1,276 shares of the company’s stock in a transaction dated 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 directly owns 24,266 shares in the company, valued at $1,069,159.96. This represents a 5.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.35% of the stock is currently owned by company insiders.

Advance Auto Parts Stock Performance

Shares of AAP opened at $44.87 on Tuesday. Advance Auto Parts, Inc. has a 52-week low of $35.59 and a 52-week high of $88.56. The stock’s 50-day simple moving average is $43.08 and its 200 day simple moving average is $47.12. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.62 and a current ratio of 1.34. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 61.47 and a beta of 1.16.

Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings results on Thursday, November 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.53). The firm had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.62 billion. Advance Auto Parts had a return on equity of 1.82% and a net margin of 0.41%. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.82) earnings per share. Research analysts forecast that Advance Auto Parts, Inc. will post -0.54 EPS for the current fiscal year.

Advance Auto Parts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be issued a $0.25 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.00 annualized dividend and a dividend yield of 2.23%. Advance Auto Parts’s payout ratio is currently 136.99%.

Wall Street Analysts Forecast Growth

AAP has been the subject of several recent analyst reports. Royal Bank of Canada reduced their target price on Advance Auto Parts from $52.00 to $46.00 and set a “sector perform” rating for the company in a report on Monday, November 11th. Barclays reduced their price objective on Advance Auto Parts from $66.00 to $54.00 and set an “equal weight” rating for the company in a research note on Thursday, January 9th. Truist Financial lowered their target price on Advance Auto Parts from $41.00 to $39.00 and set a “hold” rating on the stock in a research note on Friday, November 15th. Roth Capital upgraded shares of Advance Auto Parts to a “hold” rating in a research report on Tuesday, October 15th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $55.00 price objective on shares of Advance Auto Parts in a research report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $47.93.

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.