Genuine Parts (GPC) Position Raised by First Long Island Investors LLC

First Long Island Investors LLC boosted its position in shares of Genuine Parts (NYSE:GPC) by 2.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,641 shares of the specialty retailer’s stock after purchasing an additional 2,953 shares during the period. First Long Island Investors LLC owned approximately 0.09% of Genuine Parts worth $12,886,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Hutner Capital Management Inc. grew its holdings in Genuine Parts by 3.5% during the 3rd quarter. Hutner Capital Management Inc. now owns 28,071 shares of the specialty retailer’s stock valued at $2,790,000 after purchasing an additional 960 shares in the last quarter. HL Financial Services LLC grew its holdings in Genuine Parts by 33.7% during the 3rd quarter. HL Financial Services LLC now owns 42,521 shares of the specialty retailer’s stock valued at $4,227,000 after purchasing an additional 10,719 shares in the last quarter. Usca Ria LLC grew its holdings in Genuine Parts by 4.9% during the 3rd quarter. Usca Ria LLC now owns 22,175 shares of the specialty retailer’s stock valued at $2,204,000 after purchasing an additional 1,026 shares in the last quarter. Commerce Bank grew its holdings in Genuine Parts by 3.9% during the 3rd quarter. Commerce Bank now owns 40,706 shares of the specialty retailer’s stock valued at $4,046,000 after purchasing an additional 1,541 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV grew its holdings in Genuine Parts by 62.3% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,966 shares of the specialty retailer’s stock valued at $295,000 after purchasing an additional 1,138 shares in the last quarter. 76.49% of the stock is owned by institutional investors and hedge funds.

NYSE GPC opened at $97.02 on Monday. Genuine Parts has a 12 month low of $84.71 and a 12 month high of $107.75. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.71 and a current ratio of 1.33. The firm has a market cap of $14.24 billion, a price-to-earnings ratio of 20.91, a P/E/G ratio of 2.58 and a beta of 1.11.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings data on Thursday, October 18th. The specialty retailer reported $1.48 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.48. Genuine Parts had a net margin of 3.99% and a return on equity of 22.54%. The firm had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.71 billion. During the same period in the prior year, the firm posted $1.16 EPS. The firm’s revenue was up 15.3% compared to the same quarter last year. On average, research analysts expect that Genuine Parts will post 5.65 EPS for the current fiscal year.

A number of equities research analysts recently weighed in on the stock. ValuEngine lowered shares of Genuine Parts from a “buy” rating to a “hold” rating in a report on Thursday. Bank of America lowered shares of Genuine Parts from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a report on Tuesday, October 30th. Zacks Investment Research lowered shares of Genuine Parts from a “hold” rating to a “sell” rating in a report on Wednesday, September 19th. Wedbush raised their price target on shares of Genuine Parts from $93.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, July 20th. Finally, Royal Bank of Canada increased their price objective on shares of Genuine Parts to $99.00 and gave the company a “sector perform” rating in a research note on Thursday, July 12th. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $104.60.

About Genuine Parts

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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Institutional Ownership by Quarter for Genuine Parts (NYSE:GPC)

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