Genuine Parts (NYSE:GPC) Shares Sold by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC trimmed its position in Genuine Parts (NYSE:GPC) by 26.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,679 shares of the specialty retailer’s stock after selling 5,343 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Genuine Parts were worth $1,714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Millstone Evans Group LLC purchased a new position in shares of Genuine Parts in the fourth quarter worth about $25,000. Kestra Investment Management LLC purchased a new position in Genuine Parts during the 4th quarter worth approximately $28,000. First Command Advisory Services Inc. acquired a new stake in Genuine Parts during the 4th quarter valued at approximately $28,000. Compass Planning Associates Inc purchased a new stake in shares of Genuine Parts in the 4th quarter valued at $29,000. Finally, Synergy Asset Management LLC acquired a new stake in shares of Genuine Parts in the fourth quarter worth $32,000. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Evercore ISI raised shares of Genuine Parts from an “in-line” rating to an “outperform” rating and upped their price target for the company from $128.00 to $135.00 in a report on Friday. Loop Capital initiated coverage on Genuine Parts in a research note on Thursday, January 16th. They issued a “buy” rating and a $155.00 target price on the stock. The Goldman Sachs Group reiterated a “sell” rating and set a $114.00 price target (down from $133.00) on shares of Genuine Parts in a research report on Tuesday. Northcoast Research lowered Genuine Parts from a “buy” rating to a “neutral” rating in a research report on Friday, January 17th. Finally, Truist Financial lifted their target price on shares of Genuine Parts from $129.00 to $133.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $135.88.

Genuine Parts Stock Performance

NYSE:GPC opened at $116.80 on Friday. The stock has a market capitalization of $16.21 billion, a PE ratio of 18.05 and a beta of 0.93. The company has a fifty day moving average of $121.16 and a two-hundred day moving average of $123.54. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.57 and a current ratio of 1.16. Genuine Parts has a fifty-two week low of $112.74 and a fifty-two week high of $164.45.

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

Genuine Parts Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th were issued a $1.03 dividend. The ex-dividend date was Friday, March 7th. This represents a $4.12 dividend on an annualized basis and a yield of 3.53%. This is a positive change from Genuine Parts’s previous quarterly dividend of $1.00. Genuine Parts’s dividend payout ratio (DPR) is presently 63.68%.

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.