Park National Corp OH lifted its position in Genuine Parts (NYSE:GPC) by 2.3% during the second quarter, HoldingsChannel.com reports. The fund owned 328,364 shares of the specialty retailer’s stock after purchasing an additional 7,516 shares during the period. Genuine Parts makes up approximately 1.7% of Park National Corp OH’s investment portfolio, making the stock its 17th biggest holding. Park National Corp OH’s holdings in Genuine Parts were worth $30,141,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the stock. Montag A & Associates Inc. raised its position in shares of Genuine Parts by 1.2% in the 1st quarter. Montag A & Associates Inc. now owns 46,963 shares of the specialty retailer’s stock valued at $4,219,000 after acquiring an additional 560 shares during the period. WINTON GROUP Ltd raised its position in shares of Genuine Parts by 16.6% in the 1st quarter. WINTON GROUP Ltd now owns 4,165 shares of the specialty retailer’s stock valued at $374,000 after acquiring an additional 592 shares during the period. Amalgamated Bank raised its position in shares of Genuine Parts by 3.4% in the 1st quarter. Amalgamated Bank now owns 19,106 shares of the specialty retailer’s stock valued at $1,716,000 after acquiring an additional 631 shares during the period. South State Corp raised its holdings in Genuine Parts by 4.6% during the 1st quarter. South State Corp now owns 14,323 shares of the specialty retailer’s stock worth $1,286,000 after buying an additional 632 shares during the period. Finally, IFP Advisors Inc raised its holdings in Genuine Parts by 12.6% during the 1st quarter. IFP Advisors Inc now owns 6,041 shares of the specialty retailer’s stock worth $543,000 after buying an additional 677 shares during the period. Institutional investors and hedge funds own 73.94% of the company’s stock.
Genuine Parts traded down $0.78, reaching $91.01, during midday trading on Monday, MarketBeat reports. 527,000 shares of the company were exchanged, compared to its average volume of 911,245. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.32 and a quick ratio of 0.66. Genuine Parts has a one year low of $79.86 and a one year high of $107.75. The stock has a market cap of $13.47 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 2.45 and a beta of 1.19.
Genuine Parts (NYSE:GPC) last posted its earnings results on Thursday, April 19th. The specialty retailer reported $1.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.32 by ($0.05). Genuine Parts had a return on equity of 20.76% and a net margin of 3.73%. The firm had revenue of $4.59 billion for the quarter, compared to analyst estimates of $4.48 billion. During the same period in the prior year, the business posted $1.08 EPS. The firm’s quarterly revenue was up 17.4% compared to the same quarter last year. research analysts anticipate that Genuine Parts will post 5.64 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Stockholders of record on Friday, June 8th will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date is Thursday, June 7th. Genuine Parts’s dividend payout ratio is currently 62.07%.
Several analysts have commented on the stock. Zacks Investment Research upgraded shares of Genuine Parts from a “sell” rating to a “hold” rating in a report on Monday, June 11th. Guggenheim assumed coverage on shares of Genuine Parts in a report on Tuesday, April 17th. They set a “neutral” rating on the stock. Bank of America upgraded shares of Genuine Parts from an “underperform” rating to a “neutral” rating and set a $96.00 target price on the stock in a report on Friday, April 13th. Finally, Royal Bank of Canada dropped their target price on shares of Genuine Parts to $94.00 and set a “market perform” rating on the stock in a report on Friday, April 20th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $99.14.
Genuine Parts Profile
Genuine Parts Company distributes automotive replacement and industrial parts, electrical and electronic materials, and business products in the United States, Canada, Mexico, Australasia, France, the United Kingdom, Germany, and Poland. The company distributes automotive replacement parts for imported vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, and heavy duty equipment through 57 NAPA automotive parts distribution centers and 1,100 NAPA AUTO PARTS stores.
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