Advance Auto Parts, Inc. (NYSE:AAP) Shares Acquired by Cambria Investment Management L.P.

Cambria Investment Management L.P. lifted its position in shares of Advance Auto Parts, Inc. (NYSE:AAP – Get Rating) by 8.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,150 shares of the company’s stock after buying an additional 2,550 shares during the period. Cambria Investment Management L.P. owned approximately 0.06% of Advance Auto Parts worth $5,183,000 as of its most recent SEC filing.

→ A gold storm is coming… (From Wall Street Watch Dogs)

A number of other institutional investors have also recently added to or reduced their stakes in AAP. Private Advisor Group LLC purchased a new position in Advance Auto Parts in the 1st quarter valued at about $232,000. MetLife Investment Management LLC lifted its position in shares of Advance Auto Parts by 21.9% during the first quarter. MetLife Investment Management LLC now owns 16,965 shares of the company’s stock worth $3,511,000 after purchasing an additional 3,046 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Advance Auto Parts by 5.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,343 shares of the company’s stock worth $1,727,000 after purchasing an additional 435 shares during the last quarter. Cibc World Market Inc. raised its stake in Advance Auto Parts by 120.6% during the first quarter. Cibc World Market Inc. now owns 11,593 shares of the company’s stock worth $2,399,000 after acquiring an additional 6,338 shares during the period. Finally, Blair William & Co. IL raised its stake in Advance Auto Parts by 14.4% during the first quarter. Blair William & Co. IL now owns 4,620 shares of the company’s stock worth $956,000 after acquiring an additional 582

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Advance Auto Parts, Inc. (NYSE:AAP) Given Average Recommendation of “Hold” by Brokerages

Shares of Advance Auto Parts, Inc. (NYSE:AAP – Get Rating) have received a consensus rating of “Hold” from the seventeen brokerages that are currently covering the company, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $188.29.

→ The Next Big Crisis Is Here (From Porter & Company)

Several research analysts recently commented on AAP shares. StockNews.com cut Advance Auto Parts from a “buy” rating to a “hold” rating in a research report on Wednesday, December 21st. Wedbush upgraded Advance Auto Parts from a “neutral” rating to an “outperform” rating in a report on Friday, January 13th. Guggenheim cut Advance Auto Parts from a “buy” rating to a “neutral” rating in a report on Thursday, November 17th. Wells Fargo & Company reduced their target price on Advance Auto Parts from $180.00 to $150.00 and set an “equal weight” rating on the stock in a report on Thursday, January 5th. Finally, DA Davidson reduced their target price on Advance Auto Parts from $200.00 to $170.00 in a report on Thursday, November 17th.

Advance Auto Parts Price Performance

NYSE AAP opened at $147.62 on Friday. The stock’s 50-day moving average price is $147.71 and its two-hundred day moving average price is $168.78. The company has a current ratio of 1.13, a quick ratio of 0.23 and a debt-to-equity ratio of 0.44. The company has a market cap of $8.87 billion, a PE ratio of 18.97, a PEG ratio of 0.88 and a beta of 1.15. Advance Auto Parts has a 1 year low of $138.52 and a 1 year high of $237.39.

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CX Institutional Increases Stake in Advance Auto Parts, Inc. (NYSE:AAP)

CX Institutional increased its holdings in shares of Advance Auto Parts, Inc. (NYSE:AAP – Get Rating) by 864.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,290 shares of the company’s stock after purchasing an additional 13,705 shares during the quarter. CX Institutional’s holdings in Advance Auto Parts were worth $2,390,000 at the end of the most recent quarter.

→ Is This The End of Capitalism? (From Porter & Company)

Several other institutional investors have also recently added to or reduced their stakes in AAP. JPMorgan Chase & Co. lifted its stake in Advance Auto Parts by 22.4% during the second quarter. JPMorgan Chase & Co. now owns 2,636,189 shares of the company’s stock worth $456,297,000 after purchasing an additional 482,858 shares during the last quarter. Ceredex Value Advisors LLC lifted its stake in Advance Auto Parts by 196.5% during the second quarter. Ceredex Value Advisors LLC now owns 635,030 shares of the company’s stock worth $110,848,000 after purchasing an additional 420,878 shares during the last quarter. Vanguard Group Inc. lifted its stake in Advance Auto Parts by 3.9% during the first quarter. Vanguard Group Inc. now owns 6,970,480 shares of the company’s stock worth $1,442,611,000 after purchasing an additional 261,715 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Advance Auto Parts by 202.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 390,826 shares of the company’s stock worth $80,885,000 after purchasing an additional 261,608 shares during the last quarter. Finally, Miller Howard Investments Inc. NY lifted its stake in Advance Auto Parts by 563.2% during the second quarter. Miller Howard Investments Inc. NY now owns 232,108 shares of the company’s stock worth $40,176,000 after purchasing

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