Telos Capital Management Inc. Acquires 2,008 Shares of Genuine Parts (NYSE:GPC)

Telos Capital Management Inc. grew its position in Genuine Parts (NYSE:GPC) by 5.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,629 shares of the specialty retailer’s stock after acquiring an additional 2,008 shares during the quarter. Telos Capital Management Inc.’s holdings in Genuine Parts were worth $5,073,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Householder Group Estate & Retirement Specialist LLC purchased a new position in Genuine Parts in the 3rd quarter worth about $25,000. OFI Invest Asset Management purchased a new position in Genuine Parts during the 3rd quarter valued at about $25,000. Sunbelt Securities Inc. increased its position in Genuine Parts by 122.2% during the 2nd quarter. Sunbelt Securities Inc. now owns 160 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 88 shares during the period. Briaud Financial Planning Inc purchased a new position in Genuine Parts during the 3rd quarter valued at about $28,000. Finally, Milestone Investment Advisors LLC purchased a new position in Genuine Parts during the 3rd quarter valued at about $28,000. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Analysts Set New Price Targets

GPC has been the topic of a number of research reports. Truist Financial reissued a “buy” rating and set a $167.00 target price on shares of Genuine Parts in a research report on Friday, April 12th. StockNews.com raised shares of Genuine Parts from a “hold” rating to a “buy” rating in a research note on Friday, April 5th. Wedbush reaffirmed a “neutral” rating and issued a $140.00 price target on shares of Genuine Parts in a research note on Friday, February 16th. Finally, Evercore ISI decreased their target price on shares of Genuine Parts from $160.00 to $155.00 and set an “in-line” rating on the stock in a research note on Tuesday. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $168.33.

Genuine Parts Trading Down 0.1 %

GPC stock traded down $0.17 on Wednesday, hitting $144.38. 1,070,523 shares of the company were exchanged, compared to its average volume of 978,059. Genuine Parts has a twelve month low of $126.35 and a twelve month high of $174.91. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.23 and a quick ratio of 0.63. The business’s fifty day moving average is $149.54 and its two-hundred day moving average is $142.08. The stock has a market capitalization of $20.13 billion, a price-to-earnings ratio of 15.49 and a beta of 0.94.

Genuine Parts (NYSE:GPC) last released its quarterly earnings results on Thursday, February 15th. The specialty retailer reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.06. The business had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.64 billion. Genuine Parts had a net margin of 5.70% and a return on equity of 31.64%. The business’s revenue was up 1.1% on a year-over-year basis. During the same period last year, the business earned $2.05 EPS. As a group, research analysts forecast that Genuine Parts will post 9.76 earnings per share for the current year.

Genuine Parts Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were given a $1.00 dividend. This is an increase from Genuine Parts’s previous quarterly dividend of $0.95. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend was Thursday, February 29th. Genuine Parts’s dividend payout ratio (DPR) is presently 42.87%.

Insider Transactions at Genuine Parts

In related news, Director Wendy B. Needham sold 3,250 shares of Genuine Parts stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $154.92, for a total value of $503,490.00. Following the sale, the director now directly owns 14,397 shares in the company, valued at approximately $2,230,383.24. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.37% of the company’s stock.

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.