Dimensional Fund Advisors LP Has $198.34 Million Position in Genuine Parts (NYSE:GPC)

Dimensional Fund Advisors LP lifted its holdings in Genuine Parts (NYSE:GPC) by 12.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,698,737 shares of the specialty retailer’s stock after buying an additional 182,965 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Genuine Parts were worth $198,338,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. First Trust Advisors LP boosted its holdings in shares of Genuine Parts by 17.3% in the fourth quarter. First Trust Advisors LP now owns 174,218 shares of the specialty retailer’s stock valued at $20,342,000 after buying an additional 25,726 shares during the period. Ally Financial Inc. acquired a new stake in shares of Genuine Parts in the 4th quarter valued at about $1,168,000. Canada Pension Plan Investment Board raised its stake in shares of Genuine Parts by 436.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 31,451 shares of the specialty retailer’s stock valued at $3,672,000 after purchasing an additional 25,583 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Genuine Parts by 5.2% in the fourth quarter. NewEdge Advisors LLC now owns 25,060 shares of the specialty retailer’s stock valued at $2,926,000 after purchasing an additional 1,234 shares in the last quarter. Finally, Insigneo Advisory Services LLC boosted its position in shares of Genuine Parts by 21.1% during the fourth quarter. Insigneo Advisory Services LLC now owns 4,395 shares of the specialty retailer’s stock worth $513,000 after buying an additional 765 shares during the period. 78.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Evercore ISI raised Genuine Parts from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $128.00 to $135.00 in a research report on Friday, April 4th. Northcoast Research lowered shares of Genuine Parts from a “buy” rating to a “neutral” rating in a research report on Friday, January 17th. Truist Financial increased their target price on shares of Genuine Parts from $129.00 to $133.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Loop Capital began coverage on shares of Genuine Parts in a research note on Thursday, January 16th. They issued a “buy” rating and a $155.00 price target on the stock. Finally, StockNews.com upgraded shares of Genuine Parts from a “hold” rating to a “buy” rating in a research note on Friday, April 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Genuine Parts has an average rating of “Moderate Buy” and a consensus price target of $131.00.

Genuine Parts Price Performance

Shares of NYSE GPC opened at $114.84 on Wednesday. The company has a quick ratio of 0.57, a current ratio of 1.16 and a debt-to-equity ratio of 0.86. The business’s 50 day moving average price is $119.41 and its two-hundred day moving average price is $121.00. The company has a market cap of $15.94 billion, a PE ratio of 17.75 and a beta of 0.82. Genuine Parts has a twelve month low of $104.01 and a twelve month high of $163.86.

Genuine Parts (NYSE:GPC) last posted its earnings results on Tuesday, April 22nd. The specialty retailer reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $5.83 billion. On average, analysts predict that Genuine Parts will post 7.9 EPS for the current year.

Genuine Parts Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders 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 dividend yield of 3.59%. The ex-dividend date was Friday, March 7th. This is a boost from Genuine Parts’s previous quarterly dividend of $1.00. Genuine Parts’s dividend payout ratio (DPR) is currently 63.68%.

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.