Fox Run Management acquired a new position in Advance Auto Parts, Inc. (NYSE:AAP) during the fourth quarter, according to its most recent 13F filing with the SEC. The hedge fund acquired 2,900 shares of the company’s stock, valued at approximately $436,000.

Other institutional investors have also recently bought and sold shares of the company. Quantitative Systematic Strategies purchased a new position in Advance Auto Parts during the fourth quarter worth about $864,000. Pensionfund Sabic purchased a new position in Advance Auto Parts during the fourth quarter worth about $1,204,000. Cullinan Associates increased its position in Advance Auto Parts by 18.8% in the fourth quarter. Cullinan Associates now owns 12,950 shares of the company’s stock worth $1,949,000 after buying an additional 2,050 shares in the last quarter. Pensionfund DSM Netherlands purchased a new position in Advance Auto Parts during the fourth quarter worth about $2,408,000. Finally, Meag Munich Ergo Kapitalanlagegesellschaft purchased a new position in Advance Auto Parts during the third quarter worth about $8,613,000.

Advance Auto Parts, Inc. (NYSE:AAP) traded down 1.96% during mid-day trading on Thursday, hitting $148.55. The stock had a trading volume of 764,713 shares. Advance Auto Parts, Inc. has a 12 month low of $137.66 and a 12 month high of $201.24. The stock has a market cap of $10.88 billion and a price-to-earnings ratio of 21.81. The stock’s 50-day moving average price is $148.89 and its 200-day moving average price is $170.75.

Advance Auto Parts (NYSE:AAP) last issued its earnings results on Thursday, November 12th. The company reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.09 by $0.14. The company earned $2.30 billion during the quarter, compared to the consensus estimate of $2.33 billion. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.89 earnings per share. On average, analysts predict that Advance Auto Parts, Inc. will post $7.84 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 8th. Investors of record on Thursday, December 24th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.16%. The ex-dividend date of this dividend was Tuesday, December 22nd.

A number of brokerages recently weighed in on AAP. RBC Capital reissued a “buy” rating and issued a $194.00 price target (down from $210.00) on shares of Advance Auto Parts in a report on Monday, November 9th. Zacks Investment Research raised shares of Advance Auto Parts from a “hold” rating to a “buy” rating and set a $216.00 price target on the stock in a report on Wednesday, October 28th. BB&T Corp. raised shares of Advance Auto Parts from a “hold” rating to a “buy” rating in a report on Friday, October 16th. Deutsche Bank cut their price target on shares of Advance Auto Parts from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Friday, November 13th. Finally, Vetr downgraded shares of Advance Auto Parts from a “strong-buy” rating to a “buy” rating and set a $172.00 price target on the stock. in a report on Wednesday, December 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $185.57.

In other Advance Auto Parts news, Director Eugene I. Lee, Jr. bought 1,230 shares of the firm’s stock in a transaction that occurred on Monday, November 23rd. The shares were bought at an average price of $162.80 per share, with a total value of $200,244.00. Following the purchase, the director now owns 1,230 shares of the company’s stock, valued at $200,244. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Advance Auto Parts, Inc. is a provider of automotive aftermarket parts. The company’s stores and branches offer a selection of brand name, original equipment manufacturer (NYSE:AAP) 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. The company serves its do-it-for-me (commercial) customers and do-it-yourself (DIY) customers through a variety of channels ranging from traditional brick and mortar store locations to self-serving e-commerce sites. As of January 3, 2015, the Company’s operations are comprised of 5,261 stores and 111 distribution branches, which operate in the United States, Canada, Puerto Rico and the United States Virgin Islands primarily under the trade names Advance Auto Parts, Carquest, Autopart International and Worldpac.

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