Nomura Holdings Inc. Trims Holdings in Genuine Parts (NYSE:GPC)

Nomura Holdings Inc. decreased its holdings in Genuine Parts (NYSE:GPC) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,990 shares of the specialty retailer’s stock after selling 373 shares during the quarter. Nomura Holdings Inc.’s holdings in Genuine Parts were worth $1,050,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Millstone Evans Group LLC purchased a new stake in Genuine Parts in the 4th quarter valued at $25,000. Kestra Investment Management LLC acquired a new stake in shares of Genuine Parts in the 4th quarter worth $28,000. First Command Advisory Services Inc. acquired a new stake in shares of Genuine Parts in the 4th quarter worth $28,000. Compass Planning Associates Inc acquired a new stake in shares of Genuine Parts in the 4th quarter worth $29,000. Finally, Synergy Asset Management LLC acquired a new stake in shares of Genuine Parts in the 4th quarter worth $32,000. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Wall Street Analyst Weigh In

GPC has been the subject of several recent analyst reports. Evercore ISI reduced their target price on shares of Genuine Parts from $135.00 to $130.00 and set an “outperform” rating for the company in a research note on Wednesday, April 23rd. Argus upgraded shares of Genuine Parts to a “strong-buy” rating in a research note on Friday, April 25th. StockNews.com cut shares of Genuine Parts from a “buy” rating to a “hold” rating in a research note on Saturday, April 26th. Truist Financial raised their target price on shares of Genuine Parts from $133.00 to $137.00 and gave the stock a “buy” rating in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group reiterated a “sell” rating and issued a $114.00 price target (down previously from $133.00) on shares of Genuine Parts in a report on Tuesday, April 1st. One analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $130.86.

Genuine Parts Stock Performance

Shares of GPC opened at $128.67 on Monday. The company has a 50-day simple moving average of $117.81 and a 200-day simple moving average of $119.76. The company has a quick ratio of 0.57, a current ratio of 1.16 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $17.86 billion, a PE ratio of 19.89 and a beta of 0.76. Genuine Parts has a 52-week low of $104.01 and a 52-week high of $153.44.

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

Genuine Parts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 6th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $4.12 dividend on an annualized basis and a yield of 3.20%. Genuine Parts’s payout ratio is 67.65%.

Genuine Parts 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.