Vaughan David Investments LLC IL increased its position in Genuine Parts (NYSE:GPC) by 1.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 260,445 shares of the specialty retailer’s stock after buying an additional 3,343 shares during the period. Vaughan David Investments LLC IL owned 0.18% of Genuine Parts worth $32,938,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV boosted its position in shares of Genuine Parts by 2.3% in the second quarter. Creative Financial Designs Inc. ADV now owns 3,652 shares of the specialty retailer’s stock valued at $462,000 after acquiring an additional 82 shares during the period. Marks Group Wealth Management Inc boosted its position in shares of Genuine Parts by 1.8% in the second quarter. Marks Group Wealth Management Inc now owns 4,755 shares of the specialty retailer’s stock valued at $606,000 after acquiring an additional 84 shares during the period. Investment Management of Virginia LLC lifted its position in Genuine Parts by 4.5% in the second quarter. Investment Management of Virginia LLC now owns 1,957 shares of the specialty retailer’s stock worth $247,000 after purchasing an additional 85 shares during the period. Pinebridge Investments L.P. lifted its position in Genuine Parts by 2.1% in the first quarter. Pinebridge Investments L.P. now owns 4,557 shares of the specialty retailer’s stock worth $527,000 after purchasing an additional 92 shares during the period. Finally, Neuberger Berman Group LLC lifted its position in Genuine Parts by 0.8% in the first quarter. Neuberger Berman Group LLC now owns 11,098 shares of the specialty retailer’s stock worth $1,249,000 after purchasing an additional 93 shares during the period. Hedge funds and other institutional investors own 76.76% of the company’s stock.
In other Genuine Parts news, Director John R. Holder bought 2,000 shares of the stock in a transaction dated Friday, August 13th. The stock was bought at an average cost of $124.93 per share, for a total transaction of $249,860.00. Following the completion of the purchase, the director now owns 17,482 shares in the company, valued at approximately $2,184,026.26. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.50% of the company’s stock.
Genuine Parts stock traded down $2.12 during mid-day trading on Monday, hitting $119.88. 3,861 shares of the company were exchanged, compared to its average volume of 748,354. The company has a quick ratio of 0.62, a current ratio of 1.18 and a debt-to-equity ratio of 0.76. The business has a fifty day moving average of $124.62 and a 200 day moving average of $124.00. Genuine Parts has a 1-year low of $88.99 and a 1-year high of $135.93. The company has a market capitalization of $17.17 billion, a PE ratio of 21.75, a price-to-earnings-growth ratio of 2.02 and a beta of 1.11.
Genuine Parts (NYSE:GPC) last released its quarterly earnings data on Thursday, July 22nd. The specialty retailer reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.20. Genuine Parts had a return on equity of 28.92% and a net margin of 4.55%. The firm had revenue of $4.78 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same period in the prior year, the company posted $1.32 earnings per share. The business’s revenue for the quarter was up 25.1% compared to the same quarter last year. Research analysts expect that Genuine Parts will post 6.4 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 1st. Shareholders of record on Friday, September 3rd will be paid a dividend of $0.815 per share. The ex-dividend date of this dividend is Thursday, September 2nd. This represents a $3.26 annualized dividend and a yield of 2.72%. Genuine Parts’s dividend payout ratio is currently 61.86%.
Genuine Parts Profile
Genuine Parts Co engages in the distribution of automotive and industrial replacement parts. It operates through the following segments: Automotive Parts Group and Industrial Parts Group. The Automotive Parts Group segment distributes replacement parts, other than body parts for substantially all makes and models of automobiles, trucks, and other vehicles.
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