Genuine Parts (NYSE:GPC) Shares Sold by Xponance Inc.

Xponance Inc. cut its position in shares of Genuine Parts (NYSE:GPC) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,190 shares of the specialty retailer’s stock after selling 109 shares during the period. Xponance Inc.’s holdings in Genuine Parts were worth $2,241,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of GPC. Generali Asset Management SPA SGR purchased a new position in Genuine Parts in the fourth quarter worth approximately $1,911,000. Advisors Asset Management Inc. raised its position in Genuine Parts by 17.5% in the fourth quarter. Advisors Asset Management Inc. now owns 62,881 shares of the specialty retailer’s stock valued at $7,342,000 after purchasing an additional 9,355 shares during the period. Signaturefd LLC lifted its stake in shares of Genuine Parts by 7.2% in the 4th quarter. Signaturefd LLC now owns 47,906 shares of the specialty retailer’s stock valued at $5,593,000 after purchasing an additional 3,221 shares during the last quarter. Cibc World Markets Corp increased its position in shares of Genuine Parts by 16.2% during the 4th quarter. Cibc World Markets Corp now owns 21,967 shares of the specialty retailer’s stock worth $2,565,000 after purchasing an additional 3,069 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV increased its position in shares of Genuine Parts by 6.2% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 6,101 shares of the specialty retailer’s stock worth $712,000 after purchasing an additional 357 shares during the last quarter. 78.83% of the stock is owned by hedge funds and other institutional investors.

Genuine Parts Stock Down 1.5 %

Shares of NYSE GPC opened at $118.93 on Friday. The business has a 50-day moving average of $120.99 and a two-hundred day moving average of $124.83. The company has a market capitalization of $16.50 billion, a price-to-earnings ratio of 18.38 and a beta of 0.93. Genuine Parts has a 1 year low of $112.74 and a 1 year high of $164.45. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.16 and a quick ratio of 0.57.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings results on Tuesday, February 18th. The specialty retailer reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.07. Genuine Parts had a return on equity of 25.28% and a net margin of 3.85%. The firm had revenue of $5.77 billion during the quarter, compared to the consensus estimate of $5.71 billion. During the same period in the prior year, the company posted $2.26 earnings per share. On average, analysts forecast that Genuine Parts will post 7.9 earnings per share for the current fiscal year.

Genuine Parts Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be paid a dividend of $1.03 per share. This is a positive change from Genuine Parts’s previous quarterly dividend of $1.00. This represents a $4.12 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend is Friday, March 7th. Genuine Parts’s dividend payout ratio (DPR) is currently 63.68%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GPC. Evercore ISI reduced their price target on shares of Genuine Parts from $128.00 to $125.00 and set an “in-line” rating on the stock in a research note on Wednesday, February 19th. Truist Financial upped their price target on Genuine Parts from $129.00 to $133.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Northcoast Research downgraded Genuine Parts from a “buy” rating to a “neutral” rating in a report on Friday, January 17th. Finally, Loop Capital started coverage on Genuine Parts in a report on Thursday, January 16th. They set a “buy” rating and a $155.00 target price for the company. Eight analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $137.63.

Genuine Parts Company Profile

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.