Allianz Asset Management GmbH increased its holdings in shares of Genuine Parts (NYSE:GPC) by 2.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 140,236 shares of the specialty retailer’s stock after acquiring an additional 3,288 shares during the period. Allianz Asset Management GmbH owned approximately 0.10% of Genuine Parts worth $13,939,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Ffcm LLC boosted its holdings in Genuine Parts by 43.4% in the 3rd quarter. Ffcm LLC now owns 14,322 shares of the specialty retailer’s stock worth $108,000 after buying an additional 4,332 shares during the last quarter. NumerixS Investment Technologies Inc acquired a new stake in Genuine Parts in the 2nd quarter worth about $110,000. Piedmont Investment Advisors LLC acquired a new stake in Genuine Parts in the 2nd quarter worth about $158,000. Wedbush Securities Inc. acquired a new stake in Genuine Parts in the 2nd quarter worth about $201,000. Finally, Resource Management LLC acquired a new stake in Genuine Parts in the 2nd quarter worth about $201,000. Hedge funds and other institutional investors own 80.55% of the company’s stock.
GPC stock opened at $99.54 on Monday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.71 and a current ratio of 1.33. Genuine Parts has a 12-month low of $85.80 and a 12-month high of $107.75. The stock has a market capitalization of $14.61 billion, a P/E ratio of 21.45, a PEG ratio of 2.65 and a beta of 1.11.
Genuine Parts (NYSE:GPC) last released its earnings results on Thursday, October 18th. The specialty retailer reported $1.48 earnings per share for the quarter, hitting 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 business had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.71 billion. During the same period last year, the company posted $1.16 EPS. The business’s revenue was up 15.3% on a year-over-year basis. As a group, analysts expect that Genuine Parts will post 5.65 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Friday, December 7th will be paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Thursday, December 6th. Genuine Parts’s dividend payout ratio (DPR) is 62.07%.
In other Genuine Parts news, Director John R. Holder bought 500 shares of the firm’s stock in a transaction on Monday, November 26th. The shares were acquired at an average cost of $100.81 per share, with a total value of $50,405.00. Following the purchase, the director now directly owns 7,058 shares of the company’s stock, valued at approximately $711,516.98. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 3.10% of the company’s stock.
GPC has been the topic of several research analyst reports. ValuEngine upgraded Genuine Parts from a “hold” rating to a “buy” rating in a report on Friday, October 19th. Zacks Investment Research cut Genuine Parts from a “hold” rating to a “sell” rating in a report on Wednesday, September 19th. Finally, Bank of America cut Genuine Parts from a “neutral” rating to an “underperform” rating and set a $105.00 price objective on the stock. in a report on Tuesday, October 30th. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $104.60.
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Genuine Parts Company 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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