Advance Auto Parts, Inc. (AAP) Insider Thomas Greco Purchase 16,000 Shares of Shares

Advance Auto Parts, Inc. (AAP) Insider Thomas Greco Purchase 16,000 Shares of Shares

Advance Auto Parts, Inc. (NYSE:AAP) insider Thomas Greco bought 16,000 shares of the business’s stock in a transaction on Friday, May 26th. The stock was purchased at an average price of $134.63 per share, for a total transaction of $2,154,080.00. Following the completion of the acquisition, the insider now owns 111,030 shares of the company’s stock, valued at approximately $14,947,968.90. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Thomas Greco also recently made the following trade(s):

Advance Auto Parts, Inc. (NYSE AAP) traded up 0.48% on Wednesday, reaching $133.63. 2,118,495 shares of the company were exchanged. The stock has a market capitalization of $9.86 billion, a P/E ratio of 24.21 and a beta of 1.10. Advance Auto Parts, Inc. has a 12-month low of $129.40 and a 12-month high of $177.83. The company’s 50-day moving average price is $143.21 and its 200-day moving average price is $157.78.

Advance Auto Parts (NYSE:AAP) last released its quarterly earnings data on Wednesday, May 24th. The company reported $1.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.20 by $0.60. Advance Auto Parts had a return on equity of 20.42% and a net margin of 4.75%. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the previous year, the company posted $2.51 EPS. The business’s quarterly revenue was down 3.0% on a year-over-year basis. Equities research analysts anticipate that Advance Auto Parts, Inc. will post $6.82 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 7th. Shareholders of record on Friday, June 23rd will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, June 21st. This represents a $0.24 annualized dividend and a yield of 0.18%. Advance Auto Parts’s payout ratio is 3.94%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cleararc Capital Inc. increased its position in 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 during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Advance Auto Parts by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,222 shares of the company’s stock valued at $714,000 after buying an additional 16 shares during the last quarter. Van ECK Associates Corp increased its position in Advance Auto Parts by 2.7% in the fourth quarter. Van ECK Associates Corp now owns 899 shares of the company’s stock valued at $152,000 after buying an additional 24 shares during the last quarter. IFP Advisors Inc increased its position in 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 during the last quarter. Finally, Strs Ohio increased its position in 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 during the last quarter. Hedge funds and other institutional investors own 98.67% of the company’s stock.

Several equities research analysts have weighed in on AAP shares. Gabelli upgraded shares of Advance Auto Parts from a “hold” rating to a “buy” rating in a report on Thursday, April 20th. Deutsche Bank AG dropped their price objective on shares of Advance Auto Parts from $192.00 to $164.00 and set a “buy” rating on the stock in a report on Thursday, May 25th. Goldman Sachs Group Inc restated a “buy” rating on shares of Advance Auto Parts in a report on Wednesday. TheStreet lowered shares of Advance Auto Parts from a “b” rating to a “c+” rating in a report on Monday, March 27th. Finally, Oppenheimer Holdings Inc. restated a “hold” rating on shares of Advance Auto Parts in a report on Wednesday, May 24th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Advance Auto Parts has an average rating of “Hold” and an average price target of $163.15.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “AAP”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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