Acropolis Investment Management LLC cut its holdings in shares of Genuine Parts (NYSE:GPC – Free Report) by 22.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,917 shares of the specialty retailer’s stock after selling 1,412 shares during the quarter. Acropolis Investment Management LLC’s holdings in Genuine Parts were worth $574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently bought and sold shares of GPC. Ashton Thomas Securities LLC bought a new stake in shares of Genuine Parts in the third quarter worth approximately $26,000. Capital Performance Advisors LLP bought a new stake in Genuine Parts in the 3rd quarter worth approximately $31,000. Concord Wealth Partners raised its stake in Genuine Parts by 79.3% during the 3rd quarter. Concord Wealth Partners now owns 269 shares of the specialty retailer’s stock valued at $38,000 after buying an additional 119 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in Genuine Parts during the 3rd quarter valued at $44,000. Finally, First Financial Corp IN bought a new position in shares of Genuine Parts during the 4th quarter valued at $44,000. 78.83% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on GPC shares. StockNews.com cut Genuine Parts from a “buy” rating to a “hold” rating in a research report on Wednesday, October 16th. Truist Financial reduced their price target on shares of Genuine Parts from $164.00 to $129.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. dropped their price objective on shares of Genuine Parts from $162.00 to $135.00 and set an “overweight” rating on the stock in a report on Tuesday, October 22nd. Evercore ISI upped their target price on shares of Genuine Parts from $155.00 to $160.00 and gave the company an “in-line” rating in a report on Tuesday, October 22nd. Finally, Wedbush dropped their price target on shares of Genuine Parts from $145.00 to $120.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Genuine Parts presently has an average rating of “Hold” and a consensus price target of $139.57.
Genuine Parts Price Performance
NYSE GPC opened at $116.99 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 0.57 and a debt-to-equity ratio of 0.81. Genuine Parts has a 12 month low of $112.74 and a 12 month high of $164.45. The stock has a market cap of $16.27 billion, a price-to-earnings ratio of 15.06 and a beta of 0.95. The company’s 50 day moving average is $120.94 and its two-hundred day moving average is $130.86.
Genuine Parts (NYSE:GPC – Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The specialty retailer reported $1.88 EPS for the quarter, missing the consensus estimate of $2.42 by ($0.54). The firm had revenue of $6 billion for the quarter, compared to the consensus estimate of $5.94 billion. Genuine Parts had a net margin of 4.67% and a return on equity of 27.23%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.49 earnings per share. As a group, research analysts anticipate that Genuine Parts will post 8.09 earnings per share for the current year.
Genuine Parts Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend was Friday, December 6th. Genuine Parts’s dividend payout ratio (DPR) is 51.48%.
Insider Buying and Selling
In related news, Director Wendy B. Needham sold 1,608 shares of the business’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 value of $194,214.24. Following the transaction, the director now directly owns 11,357 shares of the company’s stock, valued at approximately $1,371,698.46. The trade was a 12.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.37% of the stock is currently owned by company insiders.
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.
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