Acropolis Investment Management LLC raised its holdings in Genuine Parts (NYSE:GPC – Free Report) by 18.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,821 shares of the specialty retailer’s stock after buying an additional 904 shares during the quarter. Acropolis Investment Management LLC’s holdings in Genuine Parts were worth $694,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Millstone Evans Group LLC bought a new stake in shares of Genuine Parts in the 4th quarter worth approximately $25,000. Kestra Investment Management LLC bought a new stake in shares of Genuine Parts in the 4th quarter worth approximately $28,000. First Command Advisory Services Inc. bought a new stake in shares of Genuine Parts in the 4th quarter worth approximately $28,000. Compass Planning Associates Inc bought a new stake in shares of Genuine Parts in the 4th quarter worth approximately $29,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Genuine Parts in the 4th quarter worth approximately $33,000. 78.83% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on GPC. The Goldman Sachs Group reiterated a “sell” rating and issued a $114.00 price objective (down from $133.00) on shares of Genuine Parts in a research report on Tuesday, April 1st. Wall Street Zen lowered Genuine Parts from a “buy” rating to a “hold” rating in a research report on Saturday, April 26th. Truist Financial lifted their price target on Genuine Parts from $133.00 to $137.00 and gave the company a “buy” rating in a research report on Thursday, April 24th. Evercore ISI dropped their price target on Genuine Parts from $135.00 to $130.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 23rd. Finally, Argus upgraded Genuine Parts to a “strong-buy” rating in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $130.86.
Genuine Parts Trading Down 2.2%
Genuine Parts stock opened at $119.43 on Monday. The company has a current ratio of 1.16, a quick ratio of 0.57 and a debt-to-equity ratio of 0.86. The business’s fifty day simple moving average is $120.58 and its two-hundred day simple moving average is $120.20. Genuine Parts has a 12 month low of $104.01 and a 12 month high of $149.22. The company has a market capitalization of $16.58 billion, a price-to-earnings ratio of 18.46 and a beta of 0.76.
Genuine Parts (NYSE:GPC – Get Free Report) last released its earnings results on Tuesday, April 22nd. The specialty retailer reported $1.75 EPS for the quarter, topping the consensus estimate of $1.66 by $0.09. Genuine Parts had a return on equity of 25.28% and a net margin of 3.85%. The business had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.83 billion. As a group, equities analysts predict that Genuine Parts will post 7.9 earnings per share for the current fiscal year.
Genuine Parts Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend is Friday, June 6th. Genuine Parts’s dividend payout ratio (DPR) is 67.65%.
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.
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