Csenge Advisory Group Has $513,000 Holdings in Genuine Parts (NYSE:GPC)

Csenge Advisory Group boosted its stake in shares of Genuine Parts (NYSE:GPC) by 2.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,314 shares of the specialty retailer’s stock after buying an additional 94 shares during the period. Csenge Advisory Group’s holdings in Genuine Parts were worth $513,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of GPC. North Star Investment Management Corp. grew its stake in Genuine Parts by 8.5% during the 1st quarter. North Star Investment Management Corp. now owns 890 shares of the specialty retailer’s stock valued at $138,000 after acquiring an additional 70 shares in the last quarter. CHICAGO TRUST Co NA grew its stake in shares of Genuine Parts by 3.6% in the 1st quarter. CHICAGO TRUST Co NA now owns 2,042 shares of the specialty retailer’s stock valued at $316,000 after buying an additional 71 shares in the last quarter. Checchi Capital Advisers LLC boosted its position in Genuine Parts by 2.2% during the fourth quarter. Checchi Capital Advisers LLC now owns 3,530 shares of the specialty retailer’s stock worth $489,000 after purchasing an additional 76 shares during the period. Grimes & Company Inc. boosted its position in Genuine Parts by 2.5% during the fourth quarter. Grimes & Company Inc. now owns 3,178 shares of the specialty retailer’s stock worth $440,000 after purchasing an additional 79 shares during the period. Finally, Brighton Jones LLC boosted its position in Genuine Parts by 3.9% during the fourth quarter. Brighton Jones LLC now owns 2,180 shares of the specialty retailer’s stock worth $302,000 after purchasing an additional 81 shares during the period. Institutional investors and hedge funds own 78.83% of the company’s stock.

Genuine Parts Trading Up 2.2 %

NYSE:GPC traded up $2.89 during mid-day trading on Thursday, hitting $135.37. The company had a trading volume of 451,525 shares, compared to its average volume of 987,929. Genuine Parts has a fifty-two week low of $126.35 and a fifty-two week high of $170.57. The business’s fifty day moving average is $144.17 and its two-hundred day moving average is $146.22. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.59 and a current ratio of 1.14. The firm has a market cap of $18.86 billion, a P/E ratio of 14.77 and a beta of 0.92.

Genuine Parts (NYSE:GPC) last released its earnings results on Thursday, April 18th. The specialty retailer reported $2.22 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.07. Genuine Parts had a return on equity of 30.92% and a net margin of 5.46%. The firm had revenue of $5.78 billion for the quarter, compared to analyst estimates of $5.84 billion. During the same quarter in the prior year, the firm posted $2.14 earnings per share. The company’s quarterly revenue was up .3% on a year-over-year basis. As a group, research analysts expect that Genuine Parts will post 9.92 earnings per share for the current year.

Genuine Parts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 7th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend was Friday, June 7th. Genuine Parts’s dividend payout ratio is currently 44.59%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GPC. UBS Group decreased their target price on Genuine Parts from $165.00 to $150.00 and set a “neutral” rating for the company in a research report on Wednesday, July 3rd. Jefferies Financial Group upped their target price on Genuine Parts from $150.00 to $170.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Evercore ISI cut their target price on Genuine Parts from $165.00 to $160.00 and set an “in-line” rating for the company in a research note on Tuesday, July 2nd. Truist Financial upped their target price on Genuine Parts from $167.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Finally, Wedbush restated a “neutral” rating and set a $170.00 target price (up previously from $140.00) on shares of Genuine Parts in a report on Friday, April 19th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Genuine Parts currently has an average rating of “Hold” and an average target price of $167.75.

Insider Transactions at Genuine Parts

In related news, Director Wendy B. Needham sold 3,000 shares of Genuine Parts stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $151.29, for a total value of $453,870.00. Following the sale, the director now owns 13,006 shares of the company’s stock, valued at approximately $1,967,677.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.37% of the stock is currently owned by insiders.

About Genuine Parts

Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials. It operates in two segments: Automotive Parts Group and Industrial Parts Group segments. The company distributes automotive replacement parts for hybrid and electric vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, marine equipment, and heavy duty equipment; and equipment and parts used by repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, and individuals.