Genuine Parts (NYSE:GPC) Shares Acquired by Creative Financial Designs Inc. ADV

Creative Financial Designs Inc. ADV lifted its stake in shares of Genuine Parts (NYSE:GPC) by 8.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,673 shares of the specialty retailer’s stock after acquiring an additional 503 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Genuine Parts were worth $630,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. 6 Meridian boosted its stake in shares of Genuine Parts by 2.2% during the second quarter. 6 Meridian now owns 5,013 shares of the specialty retailer’s stock valued at $519,000 after acquiring an additional 106 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its stake in Genuine Parts by 1.8% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 6,331 shares of the specialty retailer’s stock worth $656,000 after buying an additional 113 shares during the last quarter. Tdam USA Inc. boosted its stake in Genuine Parts by 1.7% in the 2nd quarter. Tdam USA Inc. now owns 6,932 shares of the specialty retailer’s stock worth $718,000 after buying an additional 114 shares during the last quarter. World Asset Management Inc boosted its stake in Genuine Parts by 1.0% in the 2nd quarter. World Asset Management Inc now owns 11,692 shares of the specialty retailer’s stock worth $1,211,000 after buying an additional 120 shares during the last quarter. Finally, First Citizens Bank & Trust Co. boosted its stake in Genuine Parts by 0.9% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 13,630 shares of the specialty retailer’s stock worth $1,412,000 after buying an additional 125 shares during the last quarter. 77.03% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have issued reports on the company. Zacks Investment Research raised Genuine Parts from a “sell” rating to a “hold” rating and set a $103.00 price target on the stock in a research note on Wednesday, July 24th. Goldman Sachs Group assumed coverage on Genuine Parts in a research note on Thursday, July 11th. They issued a “neutral” rating and a $107.00 price target on the stock. Raymond James assumed coverage on Genuine Parts in a research note on Monday, October 7th. They issued a “market perform” rating on the stock. Jefferies Financial Group set a $102.00 price target on Genuine Parts and gave the stock a “hold” rating in a research note on Friday, July 19th. Finally, Bank of America raised their price target on Genuine Parts from $100.00 to $105.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Ten investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $105.50.

Shares of Genuine Parts stock traded up $0.05 during trading hours on Thursday, reaching $104.29. The stock had a trading volume of 89,460 shares, compared to its average volume of 699,515. The firm has a 50 day simple moving average of $97.19 and a two-hundred day simple moving average of $99.23. The firm has a market capitalization of $15.01 billion, a price-to-earnings ratio of 18.36, a P/E/G ratio of 3.43 and a beta of 0.95. 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 1 year low of $87.26 and a 1 year high of $115.20.

Genuine Parts (NYSE:GPC) last released its quarterly earnings data on Thursday, October 17th. The specialty retailer reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.03. The company had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $5.03 billion. Genuine Parts had a return on equity of 23.20% and a net margin of 4.14%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the business posted $1.48 EPS. Sell-side analysts forecast that Genuine Parts will post 5.66 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th were issued a $0.7625 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $3.05 dividend on an annualized basis and a dividend yield of 2.92%. Genuine Parts’s dividend payout ratio (DPR) is 53.70%.

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.

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

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