SCHEDULE 13G/A: T. Rowe Price Boosts Advance Auto Parts Stake to 12.2%
Beneficial Ownership Report (Schedule 13G)
T. Rowe Price Associates, Inc. has reported a 12.2% beneficial ownership stake in Advance Auto Parts Inc. common stock as of June 30, 2025.
Summary
- T. Rowe Price Associates, Inc. reported beneficial ownership of 7,314,665 shares of Advance Auto Parts Inc. common stock.
- This represents 12.2% of the total class of securities.
- T. Rowe Price Associates, Inc. holds sole voting power over 7,286,673 shares and sole dispositive power over 7,314,665 shares.
- The filing is an Amendment No. 3 to a Schedule 13G, indicating a change from a previous filing.
- T. Rowe Price Associates, Inc. is classified as an Investment Adviser (IA).
- T. ROWE PRICE MID-CAP VALUE FUND, a client of T. Rowe Price Associates, Inc., holds 4,216,530 shares, representing 7.0% of the class.
- The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 5
Explanation: This is a factual disclosure of beneficial ownership, which is neutral in sentiment. It indicates continued institutional interest but provides no performance or strategic updates.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: Provides transparency regarding significant institutional ownership, potentially signaling institutional confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 06/30/2025 | Date of event which requires filing of this statement (beneficial ownership reported as of this date) |
| 08/14/2025 | Signature date of the filing |
Keywords
Advance Auto Parts, T. Rowe Price, Beneficial Ownership, Institutional Investor, Schedule 13G, Common Stock, Investment Adviser, AAP
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