1,507 Shares in Genuine Parts (NYSE:GPC) Purchased by Aprio Wealth Management LLC

Aprio Wealth Management LLC purchased a new stake in Genuine Parts (NYSE:GPC) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,507 shares of the specialty retailer’s stock, valued at approximately $208,000.

Several other institutional investors have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew its holdings in Genuine Parts by 7.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,707,699 shares of the specialty retailer’s stock worth $353,436,000 after purchasing an additional 185,913 shares during the period. Stifel Financial Corp raised its stake in Genuine Parts by 27.0% in the 4th quarter. Stifel Financial Corp now owns 2,029,388 shares of the specialty retailer’s stock valued at $281,078,000 after acquiring an additional 431,623 shares during the period. Norges Bank bought a new stake in Genuine Parts in the 4th quarter valued at $215,643,000. Dimensional Fund Advisors LP lifted its holdings in Genuine Parts by 13.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,081,344 shares of the specialty retailer’s stock valued at $149,766,000 after purchasing an additional 129,472 shares during the last quarter. Finally, Morningstar Investment Services LLC boosted its position in Genuine Parts by 161.2% during the fourth quarter. Morningstar Investment Services LLC now owns 578,555 shares of the specialty retailer’s stock worth $80,066,000 after purchasing an additional 357,091 shares during the period. Institutional investors and hedge funds own 78.83% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on GPC shares. Jefferies Financial Group lifted their target price on shares of Genuine Parts from $150.00 to $170.00 and gave the stock a “hold” rating in a report on Friday, April 19th. UBS Group decreased their price target on shares of Genuine Parts from $165.00 to $150.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 3rd. StockNews.com cut shares of Genuine Parts from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. The Goldman Sachs Group dropped their price target on shares of Genuine Parts from $166.00 to $162.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Finally, Wedbush reduced their target price on Genuine Parts from $170.00 to $145.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $161.14.

Genuine Parts Trading Up 0.9 %

NYSE:GPC traded up $1.26 during trading hours on Thursday, hitting $138.49. 744,093 shares of the company were exchanged, compared to its average volume of 1,030,067. The stock has a market capitalization of $19.29 billion, a price-to-earnings ratio of 15.44 and a beta of 0.92. Genuine Parts has a one year low of $126.35 and a one year high of $164.45. The company has a fifty day simple moving average of $139.66 and a 200 day simple moving average of $146.52. The company has a current ratio of 1.12, a quick ratio of 0.54 and a debt-to-equity ratio of 0.66.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings data on Tuesday, July 23rd. The specialty retailer reported $2.44 EPS for the quarter, missing analysts’ consensus estimates of $2.59 by ($0.15). The company had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.03 billion. Genuine Parts had a return on equity of 30.03% and a net margin of 5.24%. Genuine Parts’s revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.44 earnings per share. Sell-side analysts expect that Genuine Parts will post 9.36 EPS for the current fiscal year.

Insider Buying and Selling at Genuine Parts

In other Genuine Parts news, Director Wendy B. Needham sold 3,000 shares of the business’s 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 transaction, the director now directly owns 13,006 shares of the company’s stock, valued at $1,967,677.74. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.37% of the company’s stock.

Genuine Parts Profile

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.