Mather Group LLC. Increases Stake in Genuine Parts (NYSE:GPC)

Mather Group LLC. grew its holdings in shares of Genuine Parts (NYSE:GPC – Get Rating) by 4.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,729 shares of the specialty retailer’s stock after buying an additional 115 shares during the period. Mather Group LLC.’s holdings in Genuine Parts were worth $407,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in GPC. Capital World Investors bought a new stake in shares of Genuine Parts during the first quarter valued at approximately $124,130,000. Vanguard Group Inc. boosted its position in shares of Genuine Parts by 2.9% during the first quarter. Vanguard Group Inc. now owns 17,088,101 shares of the specialty retailer’s stock valued at $2,153,442,000 after purchasing an additional 481,039 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Genuine Parts by 105.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 715,885 shares of the specialty retailer’s stock valued at $106,896,000 after purchasing an additional 368,252 shares in the last quarter. State Street Corp boosted its position in shares of Genuine Parts by 4.0% during the second quarter. State Street Corp now owns 8,061,113 shares of the specialty retailer’s stock valued at $1,079,211,000 after purchasing an additional 313,090 shares in the last quarter. Finally, Truist Financial Corp boosted its position in shares of Genuine Parts by 14.8% during the third quarter. Truist Financial Corp now owns 1,857,081 shares of the specialty retailer’s stock valued at $277,299,000 after purchasing an additional 239,186 shares in the last quarter. 78.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GPC has been the topic of several research reports. Truist Financial lifted their price target on Genuine Parts from $170.00 to $186.00 and gave the company a “hold” rating in a research report on Friday, February 24th. The Goldman Sachs Group lifted their price target on Genuine Parts from $147.00 to $157.00 and gave the company a “sell” rating in a research report on Thursday, February 23rd. Finally, Wedbush reissued a “neutral” rating on shares of Genuine Parts in a report on Friday, February 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Genuine Parts currently has a consensus rating of “Hold” and a consensus price target of $152.20.

Genuine Parts Trading Up 0.8 %

Genuine Parts stock opened at $163.80 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 0.57 and a debt-to-equity ratio of 0.81. The business’s fifty day simple moving average is $170.53 and its two-hundred day simple moving average is $169.53. Genuine Parts has a 12 month low of $122.90 and a 12 month high of $187.73. The company has a market capitalization of $23.06 billion, a price-to-earnings ratio of 19.71, a price-to-earnings-growth ratio of 1.82 and a beta of 0.90.

Genuine Parts (NYSE:GPC – Get Rating) last released its earnings results on Thursday, February 23rd. The specialty retailer reported $2.05 EPS for the quarter, topping the consensus estimate of $1.90 by $0.15. The business had revenue of $5.52 billion for the quarter, compared to the consensus estimate of $5.33 billion. Genuine Parts had a return on equity of 32.22% and a net margin of 5.35%. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.79 earnings per share. As a group, equities analysts predict that Genuine Parts will post 8.93 earnings per share for the current fiscal year.

Genuine Parts Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Friday, March 3rd will be issued a dividend of $0.95 per share. This is an increase from Genuine Parts’s previous quarterly dividend of $0.90. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Thursday, March 2nd. Genuine Parts’s dividend payout ratio is presently 45.73%.

About Genuine Parts

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Genuine Parts Co engages in the distribution of automotive and industrial replacement parts. It operates through the following segments: Automotive Parts Group, Industrial Parts Group, and Corporate. The Automotive Parts Group segment distributes replacement parts, other than body parts for substantially all makes and models of automobiles, trucks, and other vehicles.