Strategic Wealth Partners Ltd. Purchases 98 Shares of Genuine Parts (NYSE:GPC)

Strategic Wealth Partners Ltd. lifted its position in shares of Genuine Parts (NYSE:GPC) by 4.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,420 shares of the specialty retailer’s stock after purchasing an additional 98 shares during the period. Strategic Wealth Partners Ltd.’s holdings in Genuine Parts were worth $302,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC grew its position in shares of Genuine Parts by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 3,362,748 shares of the specialty retailer’s stock valued at $391,604,000 after buying an additional 65,783 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Genuine Parts by 18.9% in the fourth quarter. Invesco Ltd. now owns 3,262,229 shares of the specialty retailer’s stock worth $380,898,000 after acquiring an additional 518,851 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Genuine Parts by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,889,930 shares of the specialty retailer’s stock valued at $337,428,000 after acquiring an additional 145,960 shares during the last quarter. Stifel Financial Corp increased its position in Genuine Parts by 21.6% during the 4th quarter. Stifel Financial Corp now owns 2,502,852 shares of the specialty retailer’s stock valued at $292,233,000 after purchasing an additional 445,259 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in shares of Genuine Parts by 5.1% in the 4th quarter. Ameriprise Financial Inc. now owns 2,136,214 shares of the specialty retailer’s stock worth $249,426,000 after purchasing an additional 104,343 shares during the period. Institutional investors and hedge funds own 78.83% of the company’s stock.

Genuine Parts Stock Performance

Shares of GPC opened at $129.18 on Tuesday. The stock has a 50-day moving average of $117.96 and a 200-day moving average of $119.87. Genuine Parts has a one year low of $104.01 and a one year high of $153.44. 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 company has a market cap of $17.93 billion, a PE ratio of 19.97 and a beta of 0.76.

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

Genuine Parts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date is Friday, June 6th. Genuine Parts’s dividend payout ratio (DPR) is 67.65%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Evercore ISI decreased their price objective on shares of Genuine Parts from $135.00 to $130.00 and set an “outperform” rating for the company in a research report on Wednesday, April 23rd. The Goldman Sachs Group reaffirmed a “sell” rating and set a $114.00 price target (down previously from $133.00) on shares of Genuine Parts in a research report on Tuesday, April 1st. Truist Financial lifted their price objective on Genuine Parts from $133.00 to $137.00 and gave the stock a “buy” rating in a research report on Thursday, April 24th. StockNews.com downgraded Genuine Parts from a “buy” rating to a “hold” rating in a research note on Saturday, April 26th. Finally, Argus raised Genuine Parts to a “strong-buy” rating in a research note on Friday, April 25th. 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, Genuine Parts presently has a consensus rating of “Moderate Buy” and an average price target 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.