Genuine Parts (NYSE:GPC) Position Increased by Vaughan David Investments LLC IL

Vaughan David Investments LLC IL raised its holdings in shares of Genuine Parts (NYSE:GPCFree Report) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 270,135 shares of the specialty retailer’s stock after purchasing an additional 4,735 shares during the period. Vaughan David Investments LLC IL owned about 0.19% of Genuine Parts worth $37,414,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Amalgamated Bank grew its position in shares of Genuine Parts by 10.7% during the third quarter. Amalgamated Bank now owns 41,734 shares of the specialty retailer’s stock worth $6,026,000 after acquiring an additional 4,047 shares during the last quarter. Teza Capital Management LLC bought a new position in shares of Genuine Parts during the third quarter worth about $1,593,000. LPL Financial LLC grew its position in shares of Genuine Parts by 15.1% during the third quarter. LPL Financial LLC now owns 141,483 shares of the specialty retailer’s stock worth $20,427,000 after acquiring an additional 18,522 shares during the last quarter. Schwartz Investment Counsel Inc. grew its position in shares of Genuine Parts by 26.2% during the fourth quarter. Schwartz Investment Counsel Inc. now owns 240,500 shares of the specialty retailer’s stock worth $33,309,000 after acquiring an additional 50,000 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in Genuine Parts by 21.8% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 51,242 shares of the specialty retailer’s stock worth $7,045,000 after purchasing an additional 9,183 shares during the period. Institutional investors own 78.83% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on GPC shares. Wedbush reaffirmed a “neutral” rating and set a $140.00 price objective on shares of Genuine Parts in a research note on Friday, February 16th. Truist Financial reiterated a “buy” rating and set a $167.00 price target on shares of Genuine Parts in a report on Friday. StockNews.com upgraded Genuine Parts from a “hold” rating to a “buy” rating in a report on Friday, April 5th. Finally, Evercore ISI increased their price target on Genuine Parts from $155.00 to $160.00 and gave the company an “in-line” rating in a report on Tuesday, March 26th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $168.89.

View Our Latest Stock Report on Genuine Parts

Genuine Parts Stock Down 0.5 %

NYSE GPC traded down $0.69 during trading on Friday, hitting $145.42. The stock had a trading volume of 924,762 shares, compared to its average volume of 972,583. The company has a market capitalization of $20.27 billion, a PE ratio of 15.59 and a beta of 0.94. Genuine Parts has a 12 month low of $126.35 and a 12 month high of $174.91. The company’s 50-day moving average price is $149.38 and its two-hundred day moving average price is $142.08. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.63 and a current ratio of 1.23.

Genuine Parts (NYSE:GPCGet Free Report) last released its quarterly earnings results on Thursday, February 15th. The specialty retailer reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.06. The business had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.64 billion. Genuine Parts had a return on equity of 31.64% and a net margin of 5.70%. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.05 EPS. As a group, sell-side analysts forecast that Genuine Parts will post 9.76 EPS for the current year.

Genuine Parts Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend was Thursday, February 29th. This is a boost from Genuine Parts’s previous quarterly dividend of $0.95. Genuine Parts’s dividend payout ratio is presently 42.87%.

Insider Transactions at Genuine Parts

In other Genuine Parts news, Director Wendy B. Needham sold 3,250 shares of Genuine Parts stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $154.92, for a total value of $503,490.00. Following the completion of the sale, the director now directly owns 14,397 shares in the company, valued at $2,230,383.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.37% of the stock is owned by corporate insiders.

About Genuine Parts

(Free Report)

Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials. It operates in two segments: Automotive Parts Group and Industrial Parts Group segments. The company distributes automotive replacement parts for hybrid and electric vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, marine equipment, and heavy duty equipment; and equipment and parts used by repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, and individuals.

See Also

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

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