Dimensional Fund Advisors LP Reduces Stock Position in Advance Auto Parts, Inc. $AAP
Dimensional Fund Advisors LP significantly reduced its stake in Advance Auto Parts (NYSE:AAP) by 11.8% in the third quarter, holding 3.38% of the company valued at $124.4 million. Despite the company beating Q3 earnings estimates with an EPS of $0.86 against $0.41 expected and revenue of $1.97 billion, analysts maintain a cautious "Reduce" rating with a consensus target of $52.93. Advance Auto Parts also declared a $0.25 quarterly dividend, bringing its annualized yield to 1.9% with a payout ratio of 136.99%.
https://www.marketbeat.com/instant-alerts/filing-dimensional-fund-advisors-lp-reduces-stock-position-in-advance-auto-parts-inc-aap-2026-03-12/