EP Wealth Advisors LLC Sells 12,050 Shares of Genuine Parts (NYSE:GPC)

EP Wealth Advisors LLC reduced its stake in Genuine Parts (NYSE:GPC) by 69.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,193 shares of the specialty retailer’s stock after selling 12,050 shares during the period. EP Wealth Advisors LLC’s holdings in Genuine Parts were worth $606,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of GPC. Millstone Evans Group LLC bought a new position in Genuine Parts in the fourth quarter worth about $25,000. Kestra Investment Management LLC bought a new position in Genuine Parts in the fourth quarter worth about $28,000. First Command Advisory Services Inc. bought a new position in Genuine Parts in the fourth quarter worth about $28,000. Compass Planning Associates Inc bought a new position in Genuine Parts in the fourth quarter worth about $29,000. Finally, Synergy Asset Management LLC bought a new position in Genuine Parts in the fourth quarter worth about $32,000. 78.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Argus raised shares of Genuine Parts to a “strong-buy” rating in a research note on Friday, April 25th. Evercore ISI lowered their target price on shares of Genuine Parts from $135.00 to $130.00 and set an “outperform” rating for the company in a report on Wednesday, April 23rd. Northcoast Research lowered shares of Genuine Parts from a “buy” rating to a “neutral” rating in a report on Friday, January 17th. Truist Financial lifted their target price on shares of Genuine Parts from $133.00 to $137.00 and gave the company a “buy” rating in a report on Thursday, April 24th. Finally, Loop Capital initiated coverage on shares of Genuine Parts in a report on Thursday, January 16th. They set a “buy” rating and a $155.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Genuine Parts presently has a consensus rating of “Moderate Buy” and an average target price of $130.86.

Genuine Parts Price Performance

Shares of GPC opened at $117.35 on Monday. The company has a market capitalization of $16.29 billion, a P/E ratio of 18.14 and a beta of 0.76. 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 firm has a 50 day moving average of $117.95 and a 200 day moving average of $119.46. Genuine Parts has a twelve month low of $104.01 and a twelve month high of $158.65.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings results on Tuesday, April 22nd. The specialty retailer reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.09. The company 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%. As a group, equities research analysts anticipate that Genuine Parts will post 7.9 earnings per share for the current fiscal year.

Genuine Parts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 6th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend is Friday, June 6th. Genuine Parts’s dividend payout ratio (DPR) is currently 67.65%.

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.