PYA Waltman Capital LLC Acquires 295 Shares of Genuine Parts (NYSE:GPC)

PYA Waltman Capital LLC raised its position in shares of Genuine Parts (NYSE:GPC – Get Rating) by 97.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 598 shares of the specialty retailer’s stock after purchasing an additional 295 shares during the quarter. PYA Waltman Capital LLC’s holdings in Genuine Parts were worth $75,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of GPC. JNBA Financial Advisors boosted its holdings in shares of Genuine Parts by 103.8% during the 4th quarter. JNBA Financial Advisors now owns 214 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 109 shares during the last quarter. FSB Premier Wealth Management Inc. purchased a new position in shares of Genuine Parts in the fourth quarter worth approximately $31,000. Missouri Trust & Investment Co purchased a new position in shares of Genuine Parts in the fourth quarter worth approximately $32,000. Capital Analysts LLC boosted its holdings in shares of Genuine Parts by 82.4% in the fourth quarter. Capital Analysts LLC now owns 239 shares of the specialty retailer’s stock worth $34,000 after buying an additional 108 shares during the last quarter. Finally, Barnett & Company Inc. boosted its holdings in shares of Genuine Parts by 40.0% in the fourth quarter. Barnett & Company Inc. now owns 280 shares of the specialty retailer’s stock worth $39,000 after buying an additional 80 shares during the last quarter. 76.92% of the stock is currently owned by institutional investors.

Genuine Parts Trading Up 0.7 %

Shares of GPC opened at $150.98 on Friday. The company’s fifty day moving average is $138.63 and its 200 day moving average is $132.65. Genuine Parts has a fifty-two week low of $115.63 and a fifty-two week high of $154.13. The stock has a market capitalization of $21.35 billion, a PE ratio of 19.56, a P/E/G ratio of 1.91 and a beta of 0.99. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.58 and a current ratio of 1.17.

Genuine Parts (NYSE:GPC – Get Rating) last announced its quarterly earnings results on Wednesday, July 27th. The specialty retailer reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.17. The company had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.30 billion. Genuine Parts had a net margin of 5.38% and a return on equity of 31.67%. Genuine Parts’s quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.74 earnings per share. Sell-side analysts expect that Genuine Parts will post 7.95 earnings per share for the current fiscal year.

Analyst Ratings Changes

GPC has been the topic of a number of research reports. Wedbush raised their price objective on shares of Genuine Parts from $140.00 to $150.00 in a report on Thursday, July 28th. Bank of America upgraded shares of Genuine Parts from an “underperform” rating to a “neutral” rating and set a $133.00 target price on the stock in a research note on Tuesday, May 10th. They noted that the move was a valuation call. Finally, Evercore ISI decreased their target price on shares of Genuine Parts to $135.00 in a research note on Thursday, June 9th. Four investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Genuine Parts presently has a consensus rating of “Hold” and a consensus price target of $140.20.

Genuine Parts Profile

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Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials. It operates through 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 accessory and supply items used by various automotive aftermarket customers, such as repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, industrial concerns, and individuals.