WealthPLAN Partners LLC increased its stake in Genuine Parts (NYSE:GPC) by 5.6% in the 1st quarter, HoldingsChannel reports. The fund owned 31,523 shares of the specialty retailer’s stock after purchasing an additional 1,664 shares during the quarter. WealthPLAN Partners LLC’s holdings in Genuine Parts were worth $3,039,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in GPC. Clarfeld Financial Advisors LLC bought a new stake in Genuine Parts during the 4th quarter valued at $26,000. Cutler Group LP increased its stake in Genuine Parts by 967.7% during the 1st quarter. Cutler Group LP now owns 269 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 300 shares in the last quarter. Sontag Advisory LLC bought a new stake in Genuine Parts during the 4th quarter valued at $29,000. Trust Department MB Financial Bank N A increased its stake in Genuine Parts by 545.7% during the 1st quarter. Trust Department MB Financial Bank N A now owns 297 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 251 shares in the last quarter. Finally, Lindbrook Capital LLC bought a new stake in Genuine Parts during the 4th quarter valued at $31,000. Institutional investors own 76.32% of the company’s stock.
Shares of NYSE GPC traded up $0.11 during trading on Monday, hitting $103.04. The stock had a trading volume of 43,289 shares, compared to its average volume of 591,447. Genuine Parts has a 12 month low of $90.37 and a 12 month high of $115.20. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.20 and a quick ratio of 0.64. The firm has a market cap of $15.08 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 3.40 and a beta of 0.95.
Genuine Parts (NYSE:GPC) last posted its earnings results on Thursday, April 18th. The specialty retailer reported $1.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.03). Genuine Parts had a return on equity of 23.46% and a net margin of 4.20%. The firm had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.79 billion. During the same quarter in the previous year, the company earned $1.27 EPS. The business’s revenue was up 3.3% compared to the same quarter last year. On average, research analysts anticipate that Genuine Parts will post 5.9 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 7th will be paid a $0.7625 dividend. The ex-dividend date is Thursday, June 6th. This represents a $3.05 annualized dividend and a dividend yield of 2.96%. Genuine Parts’s payout ratio is 53.70%.
GPC has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of Genuine Parts from a “hold” rating to a “sell” rating in a research note on Wednesday, April 24th. ValuEngine lowered shares of Genuine Parts from a “buy” rating to a “hold” rating in a research note on Friday, April 19th. Evercore ISI initiated coverage on shares of Genuine Parts in a research note on Wednesday, March 20th. They issued an “in-line” rating and a $110.00 target price for the company. Finally, Stephens initiated coverage on shares of Genuine Parts in a research note on Thursday, May 30th. They issued an “overweight” rating and a $114.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $105.33.
In related news, insider Scott Sonnemaker purchased 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were bought at an average cost of $99.01 per share, with a total value of $495,050.00. Following the acquisition, the insider now owns 5,000 shares of the company’s stock, valued at $495,050. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.50% of the company’s stock.
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Genuine Parts Profile
Genuine Parts Company distributes automotive replacement, industrial parts and materials, and business products in North America, Australia, New Zealand, the United Kingdom, France, Germany, Poland, and Puerto Rico. 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; and accessory items for automotive aftermarket, such as repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, industrial concerns, and individuals.
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