San Francisco Sentry Investment Group CA Acquires 572 Shares of Genuine Parts (NYSE:GPC)

San Francisco Sentry Investment Group CA increased its holdings in shares of Genuine Parts (NYSE:GPC) by 227.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 823 shares of the specialty retailer’s stock after purchasing an additional 572 shares during the period. San Francisco Sentry Investment Group CA’s holdings in Genuine Parts were worth $82,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GPC. NEXT Financial Group Inc acquired a new stake in Genuine Parts in the second quarter valued at approximately $26,000. Strategic Blueprint LLC acquired a new stake in Genuine Parts in the third quarter valued at approximately $30,000. Marshall Wace North America L.P. acquired a new stake in Genuine Parts in the first quarter valued at approximately $44,000. CSat Investment Advisory L.P. boosted its stake in Genuine Parts by 173.9% in the second quarter. CSat Investment Advisory L.P. now owns 482 shares of the specialty retailer’s stock valued at $50,000 after acquiring an additional 306 shares in the last quarter. Finally, Pflug Koory LLC acquired a new stake in Genuine Parts in the second quarter valued at approximately $52,000. Hedge funds and other institutional investors own 76.95% of the company’s stock.

Shares of NYSE:GPC traded up $2.42 on Friday, hitting $101.35. 902,728 shares of the company were exchanged, compared to its average volume of 744,461. Genuine Parts has a 1-year low of $87.26 and a 1-year high of $115.20. The stock’s 50 day moving average price is $95.97 and its 200 day moving average price is $99.49. The company has a current ratio of 1.26, a quick ratio of 0.68 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $14.45 billion, a P/E ratio of 17.84, a price-to-earnings-growth ratio of 3.25 and a beta of 0.95.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings data on Thursday, October 17th. The specialty retailer reported $1.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.03. Genuine Parts had a net margin of 4.14% and a return on equity of 23.20%. The business had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $5.03 billion. During the same period in the previous year, the firm posted $1.48 earnings per share. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, equities analysts predict that Genuine Parts will post 5.66 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were issued a dividend of $0.7625 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $3.05 annualized dividend and a dividend yield of 3.01%. Genuine Parts’s dividend payout ratio (DPR) is presently 53.70%.

Several equities research analysts have recently commented on the stock. Bank of America lifted their price objective on shares of Genuine Parts from $100.00 to $105.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. 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. JPMorgan Chase & Co. lowered their price objective on shares of Genuine Parts from $114.00 to $104.00 and set a “neutral” rating for the company in a research note on Monday, July 15th. Raymond James assumed coverage on shares of Genuine Parts in a research note on Monday, October 7th. They set a “market perform” rating for the company. Finally, 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. Ten investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Genuine Parts presently has an average rating of “Hold” and an average price target of $105.75.

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.

Further Reading: What is a Leveraged Buyout (LBO)?

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

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