Epoch Investment Partners Inc. lessened its holdings in Genuine Parts (NYSE:GPC) by 6.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 131,421 shares of the specialty retailer’s stock after selling 8,453 shares during the period. Epoch Investment Partners Inc.’s holdings in Genuine Parts were worth $12,619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in the business. Glenmede Trust Co. NA grew its stake in shares of Genuine Parts by 4,397.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 5,979,845 shares of the specialty retailer’s stock worth $594,396,000 after acquiring an additional 5,846,873 shares during the period. Prudential Financial Inc. grew its stake in shares of Genuine Parts by 312.3% during the 4th quarter. Prudential Financial Inc. now owns 744,508 shares of the specialty retailer’s stock worth $71,487,000 after acquiring an additional 563,943 shares during the period. Morgan Stanley grew its stake in shares of Genuine Parts by 38.3% during the 3rd quarter. Morgan Stanley now owns 1,233,869 shares of the specialty retailer’s stock worth $122,645,000 after acquiring an additional 341,980 shares during the period. PGGM Investments grew its stake in shares of Genuine Parts by 165.5% during the 4th quarter. PGGM Investments now owns 506,779 shares of the specialty retailer’s stock worth $48,661,000 after acquiring an additional 315,879 shares during the period. Finally, BlackRock Inc. grew its stake in shares of Genuine Parts by 2.1% during the 4th quarter. BlackRock Inc. now owns 14,536,577 shares of the specialty retailer’s stock worth $1,395,802,000 after acquiring an additional 299,754 shares during the period. Hedge funds and other institutional investors own 74.76% of the company’s stock.
Shares of NYSE GPC opened at $107.10 on Friday. Genuine Parts has a 52 week low of $85.80 and a 52 week high of $112.18. The company has a quick ratio of 0.67, a current ratio of 1.28 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $15.64 billion, a price-to-earnings ratio of 18.86, a P/E/G ratio of 3.46 and a beta of 1.03.
Genuine Parts (NYSE:GPC) last issued its earnings results on Tuesday, February 19th. The specialty retailer reported $1.35 EPS for the quarter, topping the consensus estimate of $1.32 by $0.03. Genuine Parts had a return on equity of 23.45% and a net margin of 4.33%. The business had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.56 billion. During the same quarter last year, the company earned $1.12 EPS. The firm’s revenue was up 9.4% compared to the same quarter last year. On average, equities analysts forecast that Genuine Parts will post 5.94 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 8th will be paid a $0.7625 dividend. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $3.05 annualized dividend and a yield of 2.85%. This is an increase from Genuine Parts’s previous quarterly dividend of $0.72. Genuine Parts’s dividend payout ratio (DPR) is currently 53.70%.
Several research analysts have recently weighed in on GPC shares. Bank of America upgraded Genuine Parts from an “underperform” rating to a “neutral” rating in a research note on Wednesday, January 9th. Zacks Investment Research downgraded Genuine Parts from a “buy” rating to a “hold” rating in a research note on Tuesday, February 12th. Wedbush reiterated a “neutral” rating on shares of Genuine Parts in a research note on Tuesday, January 15th. Finally, ValuEngine upgraded Genuine Parts from a “hold” rating to a “buy” rating in a research note on Tuesday, February 19th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Genuine Parts presently has an average rating of “Hold” and an average price target of $102.00.
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About Genuine Parts
Genuine Parts Company distributes automotive replacement and industrial parts, electrical and electronic materials, and business products in the United States, Canada, Mexico, Australasia, France, the United Kingdom, Germany, and Poland. The company distributes automotive replacement parts for imported vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, and heavy duty equipment through 57 NAPA automotive parts distribution centers and 1,100 NAPA AUTO PARTS stores.
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