SRH Advisors LLC Grows Holdings in Genuine Parts (NYSE:GPC)

SRH Advisors LLC increased its stake in shares of Genuine Parts (NYSE:GPC) by 50.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,500 shares of the specialty retailer’s stock after purchasing an additional 500 shares during the period. SRH Advisors LLC’s holdings in Genuine Parts were worth $175,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in GPC. Stonebridge Financial Group LLC acquired a new position in Genuine Parts during the fourth quarter worth $45,000. Soltis Investment Advisors LLC raised its holdings in shares of Genuine Parts by 7.4% in the 4th quarter. Soltis Investment Advisors LLC now owns 39,681 shares of the specialty retailer’s stock valued at $4,633,000 after buying an additional 2,747 shares during the period. Savant Capital LLC lifted its stake in Genuine Parts by 6.5% during the 4th quarter. Savant Capital LLC now owns 29,637 shares of the specialty retailer’s stock worth $3,460,000 after acquiring an additional 1,819 shares in the last quarter. Kestra Private Wealth Services LLC boosted its holdings in Genuine Parts by 110.3% during the 4th quarter. Kestra Private Wealth Services LLC now owns 29,500 shares of the specialty retailer’s stock valued at $3,444,000 after acquiring an additional 15,474 shares during the period. Finally, Stephens Inc. AR grew its position in Genuine Parts by 350.8% in the 4th quarter. Stephens Inc. AR now owns 52,854 shares of the specialty retailer’s stock valued at $6,171,000 after acquiring an additional 41,129 shares in the last quarter. Institutional investors and hedge funds own 78.83% of the company’s stock.

Genuine Parts Price Performance

Shares of NYSE GPC opened at $121.75 on Wednesday. The stock’s 50-day simple moving average is $118.41 and its 200-day simple moving average is $128.07. The firm has a market capitalization of $16.93 billion, a PE ratio of 15.67 and a beta of 0.94. Genuine Parts has a fifty-two week low of $112.74 and a fifty-two week high of $164.45. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.57 and a current ratio of 1.17.

Genuine Parts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 3.29%. The ex-dividend date was Friday, December 6th. Genuine Parts’s payout ratio is 51.48%.

Wall Street Analyst Weigh In

GPC has been the topic of several research reports. Redburn Atlantic raised shares of Genuine Parts to a “hold” rating in a research report on Monday, November 11th. The Goldman Sachs Group dropped their price target on shares of Genuine Parts from $162.00 to $138.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Loop Capital started coverage on Genuine Parts in a report on Thursday, January 16th. They issued a “buy” rating and a $155.00 target price for the company. UBS Group lowered their target price on Genuine Parts from $145.00 to $125.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Finally, Wedbush reduced their price target on Genuine Parts from $145.00 to $120.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Eight equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Genuine Parts presently has an average rating of “Hold” and an average price target of $141.50.

Insider Activity

In related news, Director Wendy B. Needham sold 1,608 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $120.78, for a total transaction of $194,214.24. Following the transaction, the director now owns 11,357 shares in the company, valued at $1,371,698.46. This trade represents a 12.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.37% of the company’s stock.

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.