Hussman Strategic Advisors Inc. Has $993,000 Stock Holdings in Advance Auto Parts, Inc. (NYSE:AAP)

Hussman Strategic Advisors Inc. lessened its position in Advance Auto Parts, Inc. (NYSE:AAP) by 71.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,000 shares of the company’s stock after selling 52,500 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in Advance Auto Parts were worth $993,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Ieq Capital LLC acquired a new stake in Advance Auto Parts in the 4th quarter valued at approximately $910,000. Truist Financial Corp raised its position in Advance Auto Parts by 30.4% in the 4th quarter. Truist Financial Corp now owns 15,961 shares of the company’s stock valued at $755,000 after buying an additional 3,722 shares during the last quarter. CIBC Asset Management Inc grew its stake in Advance Auto Parts by 3.9% in the fourth quarter. CIBC Asset Management Inc now owns 5,865 shares of the company’s stock valued at $277,000 after purchasing an additional 221 shares in the last quarter. Principal Financial Group Inc. grew its stake in Advance Auto Parts by 2.4% in the fourth quarter. Principal Financial Group Inc. now owns 287,732 shares of the company’s stock valued at $13,607,000 after purchasing an additional 6,867 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D grew its stake in Advance Auto Parts by 35.0% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 54,524 shares of the company’s stock valued at $2,578,000 after purchasing an additional 14,134 shares in the last quarter. Institutional investors and hedge funds own 88.75% of the company’s stock.

Analysts Set New Price Targets

AAP has been the subject of a number of analyst reports. Barclays decreased their price target 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. BMO Capital Markets initiated coverage on Advance Auto Parts in a research note on Friday, December 13th. They set a “market perform” rating and a $45.00 target price for the company. Wells Fargo & Company lifted their target price on Advance Auto Parts from $40.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. UBS Group lifted their target price on Advance Auto Parts from $42.00 to $44.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Finally, Evercore ISI lifted their target price on Advance Auto Parts from $45.00 to $60.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Advance Auto Parts presently has an average rating of “Hold” and an average target price of $47.93.

Advance Auto Parts Stock Performance

AAP opened at $44.42 on Friday. The business has a fifty day simple moving average of $46.22 and a 200 day simple moving average of $44.51. The company has a market capitalization of $2.65 billion, a PE ratio of 60.85, a price-to-earnings-growth ratio of 2.03 and a beta of 1.15. Advance Auto Parts, Inc. has a 1 year low of $35.59 and a 1 year high of $88.56. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.34 and a quick ratio of 0.62.

Insider Buying and Selling at Advance Auto Parts

In other Advance Auto Parts news, EVP Tammy M. Finley sold 1,276 shares of Advance Auto Parts stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $44.06, for a total value of $56,220.56. Following the completion of the transaction, the executive vice president now directly owns 24,266 shares of the company’s stock, valued at $1,069,159.96. The trade was a 5.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.35% of the company’s stock.

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.