Laurel Wealth Advisors Inc. lifted its position in Genuine Parts (NYSE:GPC) by 38.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,916 shares of the specialty retailer’s stock after acquiring an additional 807 shares during the period. Laurel Wealth Advisors Inc.’s holdings in Genuine Parts were worth $277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Trustcore Financial Services LLC acquired a new position in shares of Genuine Parts in the 4th quarter valued at $107,000. Captrust Financial Advisors acquired a new position in shares of Genuine Parts in the 4th quarter valued at $109,000. Valeo Financial Advisors LLC increased its position in shares of Genuine Parts by 1,061.0% in the 4th quarter. Valeo Financial Advisors LLC now owns 1,161 shares of the specialty retailer’s stock valued at $110,000 after acquiring an additional 1,061 shares during the period. Horan Capital Advisors LLC. acquired a new position in shares of Genuine Parts in the 3rd quarter valued at $134,000. Finally, Vestpro Financial Partners Inc. dba CPF Texas acquired a new position in shares of Genuine Parts in the 4th quarter valued at $192,000. 75.31% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Genuine Parts (NYSE:GPC) opened at $90.78 on Friday. The firm has a market capitalization of $13,242.80, a PE ratio of 21.72, a price-to-earnings-growth ratio of 2.37 and a beta of 1.22. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.65 and a current ratio of 1.34. Genuine Parts has a 12-month low of $79.86 and a 12-month high of $107.75.
Genuine Parts (NYSE:GPC) last announced its quarterly earnings results on Tuesday, February 20th. The specialty retailer reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.01. The company had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $4.05 billion. Genuine Parts had a return on equity of 20.48% and a net margin of 3.78%. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period last year, the firm earned $1.02 EPS. equities analysts anticipate that Genuine Parts will post 5.72 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Friday, March 9th will be paid a dividend of $0.72 per share. This is a positive change from Genuine Parts’s previous quarterly dividend of $0.68. This represents a $2.88 annualized dividend and a dividend yield of 3.17%. The ex-dividend date is Thursday, March 8th. Genuine Parts’s dividend payout ratio is presently 68.90%.
GPC has been the topic of several analyst reports. Moffett Nathanson initiated coverage on Genuine Parts in a research report on Monday, December 4th. They set a “sell” rating on the stock. Bank of America cut their price target on Genuine Parts from $90.00 to $80.00 and set an “underperform” rating on the stock in a research report on Wednesday, February 21st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $107.00 price target (down from $114.00) on shares of Genuine Parts in a research report on Wednesday, February 21st. Zacks Investment Research raised Genuine Parts from a “hold” rating to a “buy” rating and set a $112.00 price target on the stock in a research report on Tuesday, February 6th. Finally, Royal Bank of Canada cut their price target on Genuine Parts to $100.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 21st. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Genuine Parts currently has a consensus rating of “Hold” and a consensus price target of $97.71.
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Genuine Parts Company Profile
Genuine Parts Company is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. The Company’s segments include Automotive, Industrial, Office Products Group, Electrical/Electronic Materials and Other.
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