Private Advisor Group LLC Buys 4,574 Shares of Genuine Parts (NYSE:GPC)

Private Advisor Group LLC lifted its holdings in Genuine Parts (NYSE:GPC) by 109.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,742 shares of the specialty retailer’s stock after acquiring an additional 4,574 shares during the period. Private Advisor Group LLC’s holdings in Genuine Parts were worth $906,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in shares of Genuine Parts by 4.1% in the second quarter. BlackRock Inc. now owns 14,307,254 shares of the specialty retailer’s stock valued at $1,481,945,000 after acquiring an additional 558,734 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Genuine Parts by 12.8% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,348,515 shares of the specialty retailer’s stock valued at $450,419,000 after acquiring an additional 492,300 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Genuine Parts by 0.4% in the second quarter. Wells Fargo & Company MN now owns 3,604,757 shares of the specialty retailer’s stock valued at $373,382,000 after acquiring an additional 14,068 shares in the last quarter. Charles Schwab Investment Advisory Inc. grew its stake in shares of Genuine Parts by 3.0% in the second quarter. Charles Schwab Investment Advisory Inc. now owns 2,401,816 shares of the specialty retailer’s stock valued at $248,780,000 after acquiring an additional 69,258 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Genuine Parts by 2.9% in the second quarter. Northern Trust Corp now owns 1,841,365 shares of the specialty retailer’s stock valued at $190,729,000 after acquiring an additional 52,308 shares in the last quarter. Institutional investors and hedge funds own 76.89% of the company’s stock.

Genuine Parts stock traded up $1.69 during trading hours on Wednesday, reaching $97.74. 28,316 shares of the stock were exchanged, compared to its average volume of 648,797. The company has a market cap of $14.20 billion, a P/E ratio of 17.16, a price-to-earnings-growth ratio of 3.16 and a beta of 0.93. The company has a current ratio of 1.26, a quick ratio of 0.68 and a debt-to-equity ratio of 0.98. Genuine Parts has a twelve month low of $87.26 and a twelve month high of $115.20. The stock has a 50 day moving average of $92.57 and a two-hundred day moving average of $100.81.



Genuine Parts (NYSE:GPC) last announced its quarterly earnings data on Thursday, July 18th. The specialty retailer reported $1.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.08). The firm had revenue of $4.93 billion for the quarter, compared to analyst estimates of $5 billion. Genuine Parts had a return on equity of 23.16% and a net margin of 4.17%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.59 earnings per share. On average, analysts expect that Genuine Parts will post 5.7 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th will be paid a dividend of $0.7625 per share. The ex-dividend date is Thursday, September 5th. This represents a $3.05 dividend on an annualized basis and a yield of 3.12%. Genuine Parts’s payout ratio is 53.70%.

Several equities analysts recently commented on the stock. Bank of America upped their price target on shares of Genuine Parts from $100.00 to $105.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Zacks Investment Research upgraded shares of Genuine Parts from a “sell” rating to a “hold” rating and set a $103.00 price objective on the stock in a research note on Wednesday, July 24th. Stephens started coverage on shares of Genuine Parts in a research note on Thursday, May 30th. They set an “overweight” rating and a $114.00 price objective on the stock. Jefferies Financial Group set a $102.00 price objective on shares of Genuine Parts and gave the stock a “hold” rating in a research note on Friday, July 19th. Finally, Royal Bank of Canada set a $101.00 price objective on shares of Genuine Parts and gave the stock a “hold” rating in a research note on Friday, July 19th. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Genuine Parts has a consensus rating of “Hold” and a consensus target price of $105.75.

Genuine Parts 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.

Featured Story: Ex-Dividend

Institutional Ownership by Quarter for Genuine Parts (NYSE:GPC)

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