Realta Investment Advisors Buys Shares of 1,724 Genuine Parts (NYSE:GPC)

Realta Investment Advisors bought a new stake in Genuine Parts (NYSE:GPCFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,724 shares of the specialty retailer’s stock, valued at approximately $239,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Genuine Parts by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,056 shares of the specialty retailer’s stock worth $2,401,000 after purchasing an additional 1,180 shares in the last quarter. Cibc World Market Inc. grew its holdings in shares of Genuine Parts by 14.8% during the 1st quarter. Cibc World Market Inc. now owns 2,740 shares of the specialty retailer’s stock worth $345,000 after purchasing an additional 354 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Genuine Parts by 9.4% during the 1st quarter. Sei Investments Co. now owns 50,928 shares of the specialty retailer’s stock worth $6,448,000 after purchasing an additional 4,372 shares in the last quarter. Aviva PLC grew its holdings in shares of Genuine Parts by 63.1% during the 1st quarter. Aviva PLC now owns 78,951 shares of the specialty retailer’s stock worth $9,949,000 after purchasing an additional 30,545 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in shares of Genuine Parts by 195.1% during the 1st quarter. Allianz Asset Management GmbH now owns 114,328 shares of the specialty retailer’s stock worth $14,408,000 after purchasing an additional 75,591 shares in the last quarter. Institutional investors and hedge funds own 78.83% of the company’s stock.

Genuine Parts Price Performance

Genuine Parts stock opened at $154.28 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.23 and a quick ratio of 0.63. The company has a market capitalization of $21.51 billion, a PE ratio of 16.54 and a beta of 0.94. Genuine Parts has a one year low of $126.35 and a one year high of $174.91. The business has a 50 day simple moving average of $148.07 and a 200 day simple moving average of $141.87.

Genuine Parts (NYSE:GPCGet Free Report) last issued its quarterly earnings data on Thursday, February 15th. The specialty retailer reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.06. Genuine Parts had a return on equity of 31.64% and a net margin of 5.70%. The firm had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter in the previous year, the company posted $2.05 EPS. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, sell-side analysts forecast that Genuine Parts will post 9.77 EPS for the current fiscal year.

Genuine Parts Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were given a $1.00 dividend. This is an increase from Genuine Parts’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $4.00 annualized dividend and a yield of 2.59%. Genuine Parts’s payout ratio is presently 42.87%.

Insider Buying and Selling at Genuine Parts

In other Genuine Parts news, Director Wendy B. Needham sold 3,250 shares of Genuine Parts stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $154.92, for a total value of $503,490.00. Following the completion of the transaction, the director now owns 14,397 shares in the company, valued at approximately $2,230,383.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.37% of the company’s stock.

Wall Street Analyst Weigh In

GPC has been the topic of several recent research reports. Evercore ISI lifted their price objective on Genuine Parts from $155.00 to $160.00 and gave the stock an “in-line” rating in a report on Tuesday, March 26th. Wedbush reissued a “neutral” rating and set a $140.00 price objective on shares of Genuine Parts in a report on Friday, February 16th. StockNews.com upgraded Genuine Parts from a “hold” rating to a “buy” rating in a research report on Tuesday, March 26th. Finally, Truist Financial raised their target price on Genuine Parts from $155.00 to $157.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Genuine Parts presently has an average rating of “Moderate Buy” and a consensus price target of $167.78.

Check Out Our Latest Research Report on GPC

Genuine Parts Profile

(Free Report)

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.

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

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