Sigma Planning Corp Has $415,000 Stock Holdings in Genuine Parts (NYSE:GPC)

Sigma Planning Corp lowered its position in shares of Genuine Parts (NYSE:GPC) by 4.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,968 shares of the specialty retailer’s stock after selling 139 shares during the quarter. Sigma Planning Corp’s holdings in Genuine Parts were worth $415,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GPC. First Citizens Bank & Trust Co. raised its stake in Genuine Parts by 4.9% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 1,616 shares of the specialty retailer’s stock worth $224,000 after purchasing an additional 75 shares in the last quarter. Dover Advisors LLC raised its position in shares of Genuine Parts by 5.1% in the second quarter. Dover Advisors LLC now owns 1,756 shares of the specialty retailer’s stock valued at $243,000 after buying an additional 85 shares in the last quarter. Blackhawk Capital Partners LLC. boosted its stake in shares of Genuine Parts by 1.3% in the second quarter. Blackhawk Capital Partners LLC. now owns 6,793 shares of the specialty retailer’s stock valued at $940,000 after buying an additional 86 shares during the period. Valeo Financial Advisors LLC grew its position in Genuine Parts by 3.0% during the second quarter. Valeo Financial Advisors LLC now owns 3,173 shares of the specialty retailer’s stock worth $439,000 after buying an additional 92 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in Genuine Parts by 4.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,216 shares of the specialty retailer’s stock worth $307,000 after acquiring an additional 95 shares during the period. Institutional investors own 78.83% of the company’s stock.

Analyst Ratings Changes

GPC has been the subject of a number of recent analyst reports. StockNews.com downgraded Genuine Parts from a “buy” rating to a “hold” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. reduced their price objective on shares of Genuine Parts from $162.00 to $135.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 22nd. Wedbush dropped their target price on shares of Genuine Parts from $145.00 to $120.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. The Goldman Sachs Group reduced their price target on shares of Genuine Parts from $162.00 to $138.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Finally, Redburn Atlantic upgraded shares of Genuine Parts to a “hold” rating in a research report on Monday, November 11th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Genuine Parts presently has a consensus rating of “Hold” and a consensus price target of $139.57.

Genuine Parts Price Performance

GPC stock opened at $122.62 on Friday. The stock has a market cap of $17.05 billion, a price-to-earnings ratio of 15.78 and a beta of 0.92. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.17 and a quick ratio of 0.57. The company has a 50 day simple moving average of $130.79 and a 200 day simple moving average of $138.57. Genuine Parts has a 1 year low of $112.74 and a 1 year high of $164.45.

Genuine Parts (NYSE:GPC) last posted its earnings results on Tuesday, October 22nd. The specialty retailer reported $1.88 earnings per share for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.54). Genuine Parts had a return on equity of 27.23% and a net margin of 4.67%. The company had revenue of $6 billion for the quarter, compared to the consensus estimate of $5.94 billion. During the same period in the previous year, the firm posted $2.49 EPS. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. Research analysts anticipate that Genuine Parts will post 8.09 EPS for the current fiscal year.

Genuine Parts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend was Friday, September 6th. Genuine Parts’s dividend payout ratio (DPR) is currently 51.48%.

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.