Parkside Financial Bank & Trust Has $274,000 Holdings in Genuine Parts (NYSE:GPC)

Parkside Financial Bank & Trust lifted its holdings in shares of Genuine Parts (NYSE:GPC) by 10.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,976 shares of the specialty retailer’s stock after buying an additional 191 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Genuine Parts were worth $274,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. OFI Invest Asset Management bought a new stake in shares of Genuine Parts during the third quarter worth $25,000. Briaud Financial Planning Inc bought a new stake in shares of Genuine Parts during the 3rd quarter valued at approximately $28,000. Milestone Investment Advisors LLC bought a new stake in shares of Genuine Parts during the 3rd quarter valued at approximately $28,000. Authentikos Wealth Advisory LLC acquired a new stake in Genuine Parts during the 3rd quarter worth approximately $40,000. Finally, Orion Capital Management LLC acquired a new stake in Genuine Parts during the 3rd quarter worth approximately $42,000. Institutional investors and hedge funds own 78.83% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Truist Financial boosted their target price on shares of Genuine Parts from $167.00 to $183.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Jefferies Financial Group upped their price objective on shares of Genuine Parts from $150.00 to $170.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. StockNews.com upgraded shares of Genuine Parts from a “hold” rating to a “buy” rating in a research report on Friday, April 5th. Evercore ISI cut their target price on shares of Genuine Parts from $160.00 to $155.00 and set an “in-line” rating on the stock in a report on Tuesday, April 16th. Finally, Wedbush reissued a “neutral” rating and set a $170.00 price objective (up previously from $140.00) on shares of Genuine Parts in a research report on Friday, April 19th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $173.10.

Insider Buying and Selling

In related news, Director Wendy B. Needham sold 3,250 shares of Genuine Parts stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $154.92, for a total transaction of $503,490.00. Following the completion of the sale, the director now owns 14,397 shares of the company’s stock, valued at $2,230,383.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.37% of the company’s stock.

Genuine Parts Stock Down 0.7 %

Shares of NYSE GPC traded down $1.20 during mid-day trading on Wednesday, reaching $162.18. 298,236 shares of the company were exchanged, compared to its average volume of 1,053,090. The company has a quick ratio of 0.59, a current ratio of 1.14 and a debt-to-equity ratio of 0.69. The stock has a market cap of $22.59 billion, a price-to-earnings ratio of 18.21 and a beta of 0.94. Genuine Parts has a 1 year low of $126.35 and a 1 year high of $174.91. The firm has a 50-day moving average of $151.08 and a 200 day moving average of $142.62.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings data on Thursday, April 18th. The specialty retailer reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.07. The firm had revenue of $5.78 billion during the quarter, compared to analysts’ expectations of $5.84 billion. Genuine Parts had a return on equity of 30.92% and a net margin of 5.46%. The firm’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the prior year, the business posted $2.14 EPS. On average, research analysts expect that Genuine Parts will post 9.89 earnings per share for the current year.

Genuine Parts Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were paid a $1.00 dividend. 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. This represents a $4.00 dividend on an annualized basis and a yield of 2.47%. Genuine Parts’s dividend payout ratio (DPR) is 44.59%.

About Genuine Parts

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.