Usca Ria LLC raised its holdings in Genuine Parts (NYSE:GPC) by 6.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 37,084 shares of the specialty retailer’s stock after purchasing an additional 2,172 shares during the quarter. Usca Ria LLC’s holdings in Genuine Parts were worth $3,939,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. North Star Investment Management Corp. bought a new position in Genuine Parts in the 3rd quarter valued at $90,000. Evoke Wealth LLC bought a new position in Genuine Parts in the 3rd quarter valued at $63,000. Pictet Asset Management Ltd. raised its position in Genuine Parts by 4.4% in the 3rd quarter. Pictet Asset Management Ltd. now owns 73,302 shares of the specialty retailer’s stock valued at $7,300,000 after purchasing an additional 3,100 shares during the last quarter. Colony Group LLC raised its position in Genuine Parts by 5.5% in the 3rd quarter. Colony Group LLC now owns 49,163 shares of the specialty retailer’s stock valued at $4,896,000 after purchasing an additional 2,571 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its position in Genuine Parts by 45.5% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 9,214 shares of the specialty retailer’s stock valued at $918,000 after purchasing an additional 2,883 shares during the last quarter. Hedge funds and other institutional investors own 77.13% of the company’s stock.
Several equities analysts have issued reports on GPC shares. Goldman Sachs Group downgraded Genuine Parts from a “neutral” rating to a “sell” rating and cut their price objective for the company from $101.00 to $93.00 in a research report on Friday, October 25th. Royal Bank of Canada set a $99.00 price objective on Genuine Parts and gave the company a “hold” rating in a research report on Friday, October 18th. Finally, Raymond James started coverage on Genuine Parts in a research report on Monday, October 7th. They issued a “market perform” rating for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $103.75.
Shares of GPC stock traded down $1.91 on Monday, reaching $96.16. 46,141 shares of the stock were exchanged, compared to its average volume of 615,334. The stock has a market cap of $14.25 billion, a PE ratio of 17.64, a P/E/G ratio of 3.09 and a beta of 0.93. Genuine Parts has a one year low of $87.26 and a one year high of $115.20. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.26 and a quick ratio of 0.68. The stock has a 50 day moving average price of $103.56 and a 200 day moving average price of $99.56.
The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th were given a dividend of $0.7625 per share. The ex-dividend date was Thursday, December 5th. This represents a $3.05 dividend on an annualized basis and a dividend yield of 3.17%. Genuine Parts’s payout ratio is currently 53.70%.
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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