Quantitative Systematic Strategies LLC Has $1,724,000 Stake in Advance Auto Parts Inc (AAP)

Quantitative Systematic Strategies LLC boosted its stake in shares of Advance Auto Parts Inc (NYSE:AAP) by 694.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,731 shares of the company’s stock after buying an additional 10,254 shares during the period. Advance Auto Parts accounts for approximately 0.6% of Quantitative Systematic Strategies LLC’s investment portfolio, making the stock its 26th largest position. Quantitative Systematic Strategies LLC’s holdings in Advance Auto Parts were worth $1,724,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Fund Advisors increased its stake in Advance Auto Parts by 2.8% in the third quarter. BlackRock Fund Advisors now owns 1,168,615 shares of the company’s stock worth $174,264,000 after buying an additional 31,497 shares in the last quarter. Eos Focused Equity Management L.P. boosted its stake in shares of Advance Auto Parts by 22.2% in the third quarter. Eos Focused Equity Management L.P. now owns 37,091 shares of the company’s stock valued at $5,531,000 after buying an additional 6,749 shares during the period. Hartford Investment Management Co. boosted its stake in shares of Advance Auto Parts by 23.4% in the third quarter. Hartford Investment Management Co. now owns 61,903 shares of the company’s stock valued at $9,231,000 after buying an additional 11,721 shares during the period. First Trust Advisors LP boosted its stake in shares of Advance Auto Parts by 12.1% in the third quarter. First Trust Advisors LP now owns 58,589 shares of the company’s stock valued at $8,737,000 after buying an additional 6,308 shares during the period. Finally, BlackRock Japan Co. Ltd boosted its stake in shares of Advance Auto Parts by 1.1% in the third quarter. BlackRock Japan Co. Ltd now owns 92,408 shares of the company’s stock valued at $13,780,000 after buying an additional 973 shares during the period. 98.67% of the stock is currently owned by hedge funds and other institutional investors.

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

Advance Auto Parts Inc (NYSE:AAP) opened at 164.05 on Monday. Advance Auto Parts Inc has a one year low of $132.98 and a one year high of $177.83. The company has a market capitalization of $12.08 billion, a P/E ratio of 26.88 and a beta of 1.10. The firm has a 50-day moving average of $168.12 and a 200 day moving average of $159.75.

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Several brokerages have commented on AAP. J P Morgan Chase & Co restated an “overweight” rating on shares of Advance Auto Parts in a research report on Thursday, December 8th. Zacks Investment Research upgraded shares of Advance Auto Parts from a “hold” rating to a “buy” rating and set a $196.00 price objective for the company in a research report on Tuesday, January 17th. Bank of America Corporation downgraded shares of Advance Auto Parts from a “buy” rating to a “neutral” rating in a research report on Friday, January 13th. Wedbush reiterated an “outperform” rating on shares of Advance Auto Parts in a report on Tuesday, December 13th. Finally, Guggenheim initiated coverage on shares of Advance Auto Parts in a report on Wednesday, January 18th. They set a “neutral” rating for the company. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $172.66.

About Advance Auto Parts

Advance Auto Parts, Inc provides automotive aftermarket parts in North America, serving do-it-for-me (commercial) and do-it-yourself (DIY), customers, as well as independently owned operators. 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.

5 Day Chart for NYSE:AAP

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