Entropy Technologies LP Purchases Shares of 5,169 Advance Auto Parts, Inc. (NYSE:AAP)

Entropy Technologies LP bought a new stake in shares of Advance Auto Parts, Inc. (NYSE:AAP) during the 4th quarter, HoldingsChannel.com reports. The firm bought 5,169 shares of the company’s stock, valued at approximately $244,000.

Several other institutional investors have also made changes to their positions in AAP. CWM LLC lifted its position in shares of Advance Auto Parts by 36.8% during the 3rd quarter. CWM LLC now owns 2,333 shares of the company’s stock worth $91,000 after buying an additional 627 shares during the period. Wedge Capital Management L L P NC increased its position in Advance Auto Parts by 28.5% in the 3rd quarter. Wedge Capital Management L L P NC now owns 26,539 shares of the company’s stock valued at $1,035,000 after acquiring an additional 5,894 shares in the last quarter. nVerses Capital LLC bought a new position in shares of Advance Auto Parts in the third quarter worth about $164,000. Blue Trust Inc. lifted its position in shares of Advance Auto Parts by 56.7% during the third quarter. Blue Trust Inc. now owns 1,205 shares of the company’s stock worth $47,000 after purchasing an additional 436 shares in the last quarter. Finally, Raymond James & Associates lifted its position in shares of Advance Auto Parts by 11.7% during the third quarter. Raymond James & Associates now owns 106,475 shares of the company’s stock worth $4,151,000 after purchasing an additional 11,169 shares in the last quarter. 88.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Advance Auto Parts

In related news, EVP Tammy M. Finley sold 1,276 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $44.06, for a total transaction of $56,220.56. Following the transaction, the executive vice president now directly owns 24,266 shares in the company, valued at approximately $1,069,159.96. The trade was a 5.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.35% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

AAP has been the subject of several research analyst reports. Wells Fargo & Company boosted their price objective 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. UBS Group boosted their target price on Advance Auto Parts from $42.00 to $44.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. 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 report on Monday, November 11th. The Goldman Sachs Group dropped their price objective on Advance Auto Parts from $60.00 to $43.00 and set a “neutral” rating for the company in a report on Friday, November 15th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $45.00 target price on shares of Advance Auto Parts in a research note on Friday, November 15th. One 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 stock presently has a consensus rating of “Hold” and a consensus price target of $47.93.

Advance Auto Parts Stock Performance

AAP stock opened at $48.44 on Friday. Advance Auto Parts, Inc. has a 1-year low of $35.59 and a 1-year high of $88.56. The company has a current ratio of 1.34, a quick ratio of 0.62 and a debt-to-equity ratio of 0.69. The firm has a market cap of $2.89 billion, a PE ratio of 66.35, a P/E/G ratio of 2.23 and a beta of 1.15. The business’s 50-day moving average price is $46.12 and its two-hundred day moving average price is $45.05.

Advance Auto Parts (NYSE:AAP) last released its quarterly earnings results on Thursday, November 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.53). The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.62 billion. Advance Auto Parts had a net margin of 0.41% and a return on equity of 1.82%. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.82) EPS. As a group, research analysts forecast that Advance Auto Parts, Inc. will post -0.46 earnings per share for the current year.

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.