MetLife Investment Management LLC Sells 351 Shares of Advance Auto Parts, Inc. (NYSE:AAP)

Posted by on Feb 26th, 2023

MetLife Investment Management LLC trimmed its holdings in shares of Advance Auto Parts, Inc. (NYSE:AAP – Get Rating) by 2.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 16,303 shares of the company’s stock after selling 351 shares during the period. MetLife Investment Management LLC’s holdings in Advance Auto Parts were worth $2,549,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AAP. Covestor Ltd lifted its holdings in shares of Advance Auto Parts by 113.7% during the 1st quarter. Covestor Ltd now owns 156 shares of the company’s stock worth $32,000 after acquiring an additional 83 shares during the period. First Personal Financial Services lifted its holdings in Advance Auto Parts by 113.3% during the 3rd quarter. First Personal Financial Services now owns 224 shares of the company’s stock valued at $35,000 after purchasing an additional 119 shares during the last quarter. Private Trust Co. NA bought a new position in Advance Auto Parts during the 2nd quarter valued at about $36,000. AllSquare Wealth Management LLC bought a new position in Advance Auto Parts during the 2nd quarter valued at about $43,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Advance Auto Parts during the 2nd quarter valued at about $48,000. 96.04% of the stock is owned by institutional investors.

Advance Auto Parts Stock Down 2.2 %

Shares of NYSE:AAP opened at $138.85 on Friday. Advance Auto Parts, Inc. has a one year low of $137.93 and a one year high of $231.43. The company has a 50 day moving average of $148.53 and a 200-day moving average of $162.74. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.13 and a quick ratio of 0.23. The stock has a market cap of $8.35 billion, a price-to-earnings ratio of 17.85, a P/E/G ratio of 0.97 and a beta of 1.11.

Analyst Ratings Changes

Several equities analysts recently issued reports on AAP shares. UBS Group downgraded shares of Advance Auto Parts from a “buy” rating to a “neutral” rating and cut their price target for the company from $230.00 to $182.00 in a report on Wednesday, November 16th. Stephens cut their price target on shares of Advance Auto Parts from $196.00 to $164.00 and set an “equal weight” rating for the company in a report on Monday, November 21st. The Goldman Sachs Group cut their price target on shares of Advance Auto Parts from $230.00 to $197.00 and set a “buy” rating for the company in a report on Thursday, November 17th. Citigroup lowered their price objective on shares of Advance Auto Parts from $161.00 to $159.00 and set a “neutral” rating for the company in a research report on Friday, January 27th. Finally, StockNews.com upgraded shares of Advance Auto Parts from a “hold” rating to a “buy” rating in a research report on Wednesday, February 1st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Advance Auto Parts has a consensus rating of “Hold” and a consensus target price of $170.44.

Advance Auto Parts Profile

(Get Rating)

Advance Auto Parts, Inc engages in the supply and distribution of aftermarket automotive products for both professional installers and do-it-yourself customers. It operates through the following segments: Northern Division, Southern Division, Carquest Canada, Independents and Worldpac. Advance Auto Parts offers replacement parts, performance parts, accessories, oil and fluids, engine parts, brakes, batteries, accessories, and tools and garage.

Read More

Want to see what other hedge funds are holding AAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advance Auto Parts, Inc. (NYSE:AAP – Get Rating).

Institutional Ownership by Quarter for Advance Auto Parts (NYSE:AAP)

Receive News & Ratings for Advance Auto Parts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advance Auto Parts and related companies with MarketBeat.com's FREE daily email newsletter.