Valeo Financial Advisors LLC Purchases 626 Shares of Genuine Parts (NYSE:GPC)

Valeo Financial Advisors LLC grew its position in shares of Genuine Parts (NYSE:GPC) by 26.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,033 shares of the specialty retailer’s stock after acquiring an additional 626 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Genuine Parts were worth $420,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Householder Group Estate & Retirement Specialist LLC bought a new stake in Genuine Parts during the third quarter worth $25,000. OFI Invest Asset Management acquired a new stake in shares of Genuine Parts in the third quarter valued at approximately $25,000. Sunbelt Securities Inc. increased its holdings in shares of Genuine Parts by 122.2% during the 2nd quarter. Sunbelt Securities Inc. now owns 160 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 88 shares during the last quarter. Briaud Financial Planning Inc acquired a new stake in Genuine Parts during the 3rd quarter valued at $28,000. Finally, Milestone Investment Advisors LLC bought a new position in Genuine Parts during the third quarter worth $28,000. 78.83% of the stock is owned by institutional investors and hedge funds.

Genuine Parts Stock Down 0.5 %

NYSE GPC opened at $145.38 on Monday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.23 and a quick ratio of 0.63. Genuine Parts has a fifty-two week low of $126.35 and a fifty-two week high of $174.91. The stock has a market capitalization of $20.27 billion, a PE ratio of 15.58 and a beta of 0.94. The business has a fifty day moving average price of $149.38 and a two-hundred day moving average price of $142.07.

Genuine Parts (NYSE:GPC) last released its earnings results on Thursday, February 15th. The specialty retailer reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.06. The firm had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.64 billion. Genuine Parts had a return on equity of 31.64% and a net margin of 5.70%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.05 earnings per share. Equities analysts expect that Genuine Parts will post 9.76 earnings per share for the current fiscal year.

Genuine Parts Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were given a $1.00 dividend. The ex-dividend date was Thursday, February 29th. This is an increase from Genuine Parts’s previous quarterly dividend of $0.95. This represents a $4.00 annualized dividend and a yield of 2.75%. Genuine Parts’s dividend payout ratio (DPR) is currently 42.87%.

Insider Activity

In other news, Director Wendy B. Needham sold 3,250 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $2,230,383.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GPC. Truist Financial reiterated a “buy” rating and issued a $167.00 price target on shares of Genuine Parts in a research note on Friday. Wedbush reaffirmed a “neutral” rating and issued a $140.00 price objective on shares of Genuine Parts in a report on Friday, February 16th. StockNews.com raised shares of Genuine Parts from a “hold” rating to a “buy” rating in a research report on Friday, April 5th. Finally, Evercore ISI lifted their price target on shares of Genuine Parts from $155.00 to $160.00 and gave the company an “in-line” rating in a research report on Tuesday, March 26th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.89.

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.