Insigneo Advisory Services LLC Buys 765 Shares of Genuine Parts (NYSE:GPC)

Insigneo Advisory Services LLC grew its position in Genuine Parts (NYSE:GPC) by 21.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,395 shares of the specialty retailer’s stock after acquiring an additional 765 shares during the period. Insigneo Advisory Services LLC’s holdings in Genuine Parts were worth $513,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of GPC. Gamco Investors INC. ET AL boosted its position in Genuine Parts by 2.1% during the fourth quarter. Gamco Investors INC. ET AL now owns 511,427 shares of the specialty retailer’s stock worth $59,714,000 after purchasing an additional 10,716 shares during the period. Lafayette Investments Inc. lifted its holdings in Genuine Parts by 0.3% during the 4th quarter. Lafayette Investments Inc. now owns 48,749 shares of the specialty retailer’s stock worth $5,692,000 after purchasing an additional 170 shares during the last quarter. Guggenheim Capital LLC boosted its stake in Genuine Parts by 8.4% in the 4th quarter. Guggenheim Capital LLC now owns 79,171 shares of the specialty retailer’s stock valued at $9,244,000 after purchasing an additional 6,157 shares during the period. Canada Post Corp Registered Pension Plan acquired a new position in Genuine Parts in the 4th quarter valued at $227,000. Finally, Baupost Group LLC MA acquired a new stake in shares of Genuine Parts during the fourth quarter worth $36,819,000. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Genuine Parts Stock Performance

NYSE GPC opened at $114.02 on Friday. The company has a market capitalization of $15.82 billion, a price-to-earnings ratio of 17.62 and a beta of 0.82. The company has a quick ratio of 0.57, a current ratio of 1.16 and a debt-to-equity ratio of 0.86. Genuine Parts has a twelve month low of $104.01 and a twelve month high of $164.45. The stock has a fifty day simple moving average of $119.97 and a 200 day simple moving average of $121.62.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings data on Tuesday, February 18th. The specialty retailer reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.07. The company had revenue of $5.77 billion during the quarter, compared to the consensus estimate of $5.71 billion. Genuine Parts had a return on equity of 25.28% and a net margin of 3.85%. During the same period last year, the company earned $2.26 earnings per share. Sell-side analysts expect that Genuine Parts will post 7.9 EPS for the current year.

Genuine Parts Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 7th were paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend was Friday, March 7th. This is an increase from Genuine Parts’s previous quarterly dividend of $1.00. Genuine Parts’s dividend payout ratio (DPR) is currently 63.68%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Northcoast Research lowered shares of Genuine Parts from a “buy” rating to a “neutral” rating in a research report on Friday, January 17th. Loop Capital assumed coverage on Genuine Parts in a research report on Thursday, January 16th. They set a “buy” rating and a $155.00 price objective for the company. The Goldman Sachs Group reissued a “sell” rating and set a $114.00 target price (down previously from $133.00) on shares of Genuine Parts in a research note on Tuesday, April 1st. Truist Financial boosted their target price on shares of Genuine Parts from $129.00 to $133.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Finally, Evercore ISI upgraded Genuine Parts from an “in-line” rating to an “outperform” rating and increased their price target for the company from $128.00 to $135.00 in a research note on Friday, April 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $135.88.

Genuine Parts 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.