Gamble Jones Investment Counsel Decreases Stake in Genuine Parts (NYSE:GPC)

Gamble Jones Investment Counsel decreased its position in Genuine Parts (NYSE:GPC) by 1.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,057 shares of the specialty retailer’s stock after selling 200 shares during the period. Gamble Jones Investment Counsel’s holdings in Genuine Parts were worth $1,002,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. NEXT Financial Group Inc purchased a new stake in Genuine Parts in the 2nd quarter valued at about $26,000. Strategic Blueprint LLC purchased a new stake in Genuine Parts in the 3rd quarter valued at about $30,000. Marshall Wace North America L.P. purchased a new stake in Genuine Parts in the 1st quarter valued at about $44,000. CSat Investment Advisory L.P. increased its stake in Genuine Parts by 173.9% in the 2nd quarter. CSat Investment Advisory L.P. now owns 482 shares of the specialty retailer’s stock valued at $50,000 after buying an additional 306 shares during the last quarter. Finally, Pflug Koory LLC purchased a new stake in Genuine Parts in the 2nd quarter valued at about $52,000. Hedge funds and other institutional investors own 77.50% of the company’s stock.

In other news, insider Randall P. Breaux sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $107.22, for a total transaction of $107,220.00. Following the completion of the sale, the insider now owns 2,188 shares in the company, valued at approximately $234,597.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 4.50% of the company’s stock.

Several equities research analysts have commented on the stock. Royal Bank of Canada set a $99.00 price objective on shares of Genuine Parts and gave the company a “hold” rating in a research note on Friday, October 18th. Bank of America increased their price objective on shares of Genuine Parts from $100.00 to $105.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. JPMorgan Chase & Co. decreased their price target on shares of Genuine Parts from $114.00 to $104.00 and set a “neutral” rating for the company in a research note on Monday, July 15th. Raymond James started coverage on shares of Genuine Parts in a research note on Monday, October 7th. They set a “market perform” rating for the company. Finally, Jefferies Financial Group set a $102.00 price target on shares of Genuine Parts and gave the stock a “hold” rating in a research note on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $103.75.

Shares of GPC stock traded down $0.27 during trading hours on Friday, hitting $106.15. 534,603 shares of the company were exchanged, compared to its average volume of 818,828. The firm has a fifty day simple moving average of $99.92 and a 200 day simple moving average of $98.64. The company has a current ratio of 1.26, a quick ratio of 0.68 and a debt-to-equity ratio of 0.98. Genuine Parts has a 52-week low of $87.26 and a 52-week high of $115.20. The stock has a market capitalization of $15.58 billion, a price-to-earnings ratio of 18.69, a P/E/G ratio of 3.56 and a beta of 0.93.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings results on Thursday, October 17th. The specialty retailer reported $1.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.03. Genuine Parts had a net margin of 4.14% and a return on equity of 23.20%. The company had revenue of $5.02 billion during the quarter, compared to analyst estimates of $5.03 billion. During the same quarter last year, the business posted $1.48 EPS. Genuine Parts’s quarterly revenue was up 6.2% compared to the same quarter last year. Sell-side analysts anticipate that Genuine Parts will post 5.66 EPS for the current year.

Genuine Parts Company Profile

Genuine Parts Company distributes automotive replacement, industrial parts and materials, and business products in North America, Australia, New Zealand, the United Kingdom, France, Germany, Poland, and Puerto Rico. The company distributes automotive replacement parts for imported vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, and heavy duty equipment; and accessory items for automotive aftermarket, such as repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, industrial concerns, and individuals.

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Institutional Ownership by Quarter for Genuine Parts (NYSE:GPC)

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