Genuine Parts (NYSE:GPC) Position Raised by National Bank of Canada FI

National Bank of Canada FI grew its position in shares of Genuine Parts (NYSE:GPC) by 6.6% during the 4th quarter, Holdings Channel reports. The firm owned 112,124 shares of the specialty retailer’s stock after purchasing an additional 6,915 shares during the period. National Bank of Canada FI’s holdings in Genuine Parts were worth $15,485,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vestmark Advisory Solutions Inc. bought a new position in shares of Genuine Parts during the 4th quarter valued at about $212,000. Sapient Capital LLC bought a new position in shares of Genuine Parts in the fourth quarter valued at $16,697,000. U.S. Capital Wealth Advisors LLC boosted its stake in shares of Genuine Parts by 41.4% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 68,386 shares of the specialty retailer’s stock worth $9,471,000 after acquiring an additional 20,035 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of Genuine Parts by 2.1% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 8,010 shares of the specialty retailer’s stock worth $1,110,000 after purchasing an additional 165 shares during the period. Finally, Summit Global Investments lifted its holdings in shares of Genuine Parts by 5.8% during the fourth quarter. Summit Global Investments now owns 9,391 shares of the specialty retailer’s stock valued at $1,301,000 after purchasing an additional 515 shares during the last quarter. Institutional investors and hedge funds own 78.83% of the company’s stock.

Insider Buying and Selling at Genuine Parts

In other news, Director Wendy B. Needham sold 3,250 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $154.92, for a total value of $503,490.00. Following the completion of the sale, the director now directly owns 14,397 shares in the company, valued at $2,230,383.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Truist Financial upped their price objective on shares of Genuine Parts from $167.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Jefferies Financial Group raised their price objective on shares of Genuine Parts from $150.00 to $170.00 and gave the stock a “hold” rating in a research note on Friday, April 19th. StockNews.com raised shares of Genuine Parts from a “hold” rating to a “buy” rating in a research note on Friday, April 5th. Evercore ISI decreased their target price on Genuine Parts from $160.00 to $155.00 and set an “in-line” rating for the company in a research report on Tuesday, April 16th. Finally, Wedbush reissued a “neutral” rating and issued a $170.00 price objective (up from $140.00) on shares of Genuine Parts in a research note on Friday, April 19th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $173.10.

Genuine Parts Trading Down 1.2 %

NYSE:GPC opened at $154.88 on Wednesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.59 and a current ratio of 1.14. The company has a market capitalization of $21.57 billion, a P/E ratio of 17.27 and a beta of 0.94. The stock’s 50 day moving average price is $153.64 and its 200 day moving average price is $143.61. Genuine Parts has a 52 week low of $126.35 and a 52 week high of $174.91.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings data on Thursday, April 18th. The specialty retailer reported $2.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.07. Genuine Parts had a net margin of 5.46% and a return on equity of 30.92%. The firm had revenue of $5.78 billion during the quarter, compared to analysts’ expectations of $5.84 billion. During the same period in the prior year, the company posted $2.14 earnings per share. Genuine Parts’s revenue for the quarter was up .3% on a year-over-year basis. On average, research analysts forecast that Genuine Parts will post 9.94 EPS for the current fiscal year.

Genuine Parts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 7th will be issued a $1.00 dividend. The ex-dividend date is Friday, June 7th. This represents a $4.00 annualized dividend and a yield of 2.58%. Genuine Parts’s dividend payout ratio (DPR) is currently 44.59%.

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.