Genuine Parts (NYSE:GPC) Director Thomas Gallagher bought 5,000 shares of Genuine Parts stock in a transaction dated Monday, March 23rd. The stock was acquired at an average cost of $55.23 per share, for a total transaction of $276,150.00. Following the completion of the acquisition, the director now directly owns 627,213 shares in the company, valued at $34,640,973.99. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
GPC stock opened at $68.64 on Friday. The company has a 50 day moving average price of $84.35 and a 200 day moving average price of $97.11. The stock has a market capitalization of $8.84 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 7.02 and a beta of 0.89. Genuine Parts has a fifty-two week low of $49.68 and a fifty-two week high of $115.20. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.24 and a quick ratio of 0.64.
Genuine Parts (NYSE:GPC) last issued its earnings results on Wednesday, February 19th. The specialty retailer reported $1.35 EPS for the quarter, beating the consensus estimate of $1.30 by $0.05. The company had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.70 billion. Genuine Parts had a net margin of 3.20% and a return on equity of 22.79%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.35 EPS. As a group, equities analysts expect that Genuine Parts will post 5.78 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 6th will be given a dividend of $0.79 per share. This is a boost from Genuine Parts’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.16 annualized dividend and a dividend yield of 4.60%. Genuine Parts’s payout ratio is presently 55.54%.
Several research analysts have recently commented on the company. TheStreet downgraded Genuine Parts from a “b” rating to a “c+” rating in a report on Wednesday, February 19th. Stephens boosted their price objective on shares of Genuine Parts from $112.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $103.00.
Institutional investors have recently modified their holdings of the business. Allworth Financial LP raised its position in shares of Genuine Parts by 61.5% during the 4th quarter. Allworth Financial LP now owns 323 shares of the specialty retailer’s stock valued at $34,000 after acquiring an additional 123 shares during the last quarter. Procyon Private Wealth Partners LLC bought a new stake in shares of Genuine Parts during the 4th quarter valued at $38,000. Marshall Wace North America L.P. bought a new stake in shares of Genuine Parts during the 1st quarter valued at $44,000. Carmichael Hill & Associates Inc. bought a new stake in shares of Genuine Parts during the 4th quarter valued at $53,000. Finally, CFM Wealth Partners LLC bought a new stake in shares of Genuine Parts during the 4th quarter valued at $53,000. Institutional investors own 78.74% of the company’s stock.
Genuine Parts Company Profile
Genuine Parts Company distributes automotive replacement, industrial parts and materials, and business products in North America, Australia, New Zealand, the United Kingdom, France, Germany, Poland, and Puerto Rico. The company distributes automotive replacement parts for imported vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, and heavy duty equipment; and accessory items for automotive aftermarket, such as repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, industrial concerns, and individuals.
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