Genuine Parts (NYSE:GPC) Shares Sold by Jump Financial LLC

Jump Financial LLC lowered its position in Genuine Parts (NYSE:GPC) by 73.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,402 shares of the specialty retailer’s stock after selling 6,557 shares during the period. Jump Financial LLC’s holdings in Genuine Parts were worth $280,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GPC. Millstone Evans Group LLC acquired a new position in Genuine Parts during the fourth quarter worth $25,000. Kestra Investment Management LLC acquired a new position in shares of Genuine Parts during the 4th quarter valued at about $28,000. First Command Advisory Services Inc. purchased a new stake in shares of Genuine Parts in the fourth quarter valued at about $28,000. Compass Planning Associates Inc acquired a new stake in Genuine Parts during the fourth quarter worth about $29,000. Finally, Synergy Asset Management LLC acquired a new position in Genuine Parts in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 78.83% of the company’s stock.

Genuine Parts Stock Performance

NYSE GPC opened at $116.62 on Friday. The company has a market cap of $16.19 billion, a P/E ratio of 18.02 and a beta of 0.82. Genuine Parts has a 1-year low of $104.01 and a 1-year high of $162.06. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.16 and a quick ratio of 0.57. The stock has a 50-day moving average of $118.98 and a two-hundred day moving average of $120.63.

Genuine Parts (NYSE:GPC) last announced its earnings results on Tuesday, April 22nd. The specialty retailer reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.09. Genuine Parts had a net margin of 3.85% and a return on equity of 25.28%. The firm had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.83 billion. As a group, analysts anticipate that Genuine Parts will post 7.9 EPS for the current year.

Genuine Parts Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 7th were issued a $1.03 dividend. The ex-dividend date of this dividend was Friday, March 7th. This is a positive change from Genuine Parts’s previous quarterly dividend of $1.00. This represents a $4.12 dividend on an annualized basis and a yield of 3.53%. Genuine Parts’s dividend payout ratio (DPR) is 67.65%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on GPC shares. Loop Capital assumed coverage on shares of Genuine Parts in a report on Thursday, January 16th. They set a “buy” rating and a $155.00 price target for the company. Northcoast Research cut Genuine Parts from a “buy” rating to a “neutral” rating in a research note on Friday, January 17th. StockNews.com lowered Genuine Parts from a “buy” rating to a “hold” rating in a research note on Saturday. The Goldman Sachs Group reissued a “sell” rating and set a $114.00 price objective (down from $133.00) on shares of Genuine Parts in a research report on Tuesday, April 1st. Finally, Truist Financial upped their target price on shares of Genuine Parts from $133.00 to $137.00 and gave the company a “buy” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Genuine Parts presently has a consensus rating of “Hold” and a consensus target price of $130.86.

Genuine Parts Company 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.