Genuine Parts (NYSE:GPC) Stock Holdings Trimmed by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC decreased its holdings in Genuine Parts (NYSE:GPC) by 10.4% in the 4th quarter, HoldingsChannel reports. The firm owned 2,835 shares of the specialty retailer’s stock after selling 329 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Genuine Parts were worth $331,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Anchor Investment Management LLC increased its stake in Genuine Parts by 59.4% during the 3rd quarter. Anchor Investment Management LLC now owns 1,503 shares of the specialty retailer’s stock valued at $210,000 after buying an additional 560 shares during the period. Pine Valley Investments Ltd Liability Co raised its holdings in Genuine Parts by 16.4% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 27,075 shares of the specialty retailer’s stock worth $3,792,000 after purchasing an additional 3,813 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its stake in Genuine Parts by 1,229.9% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 32,476 shares of the specialty retailer’s stock valued at $4,536,000 after purchasing an additional 30,034 shares in the last quarter. Optimist Retirement Group LLC increased its position in shares of Genuine Parts by 26.8% during the 3rd quarter. Optimist Retirement Group LLC now owns 15,802 shares of the specialty retailer’s stock valued at $2,207,000 after purchasing an additional 3,338 shares during the period. Finally, Synovus Financial Corp raised its stake in shares of Genuine Parts by 95.4% in the 3rd quarter. Synovus Financial Corp now owns 391,670 shares of the specialty retailer’s stock worth $54,708,000 after buying an additional 191,272 shares in the last quarter. 78.83% of the stock is owned by institutional investors and hedge funds.

Genuine Parts Stock Performance

Shares of GPC opened at $116.62 on Monday. Genuine Parts has a 52 week low of $104.01 and a 52 week high of $162.06. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.57 and a current ratio of 1.16. The company has a market capitalization of $16.19 billion, a PE ratio of 18.02 and a beta of 0.82. The company’s 50 day moving average price is $118.98 and its 200 day moving average price is $120.54.

Genuine Parts (NYSE:GPC) last released its quarterly earnings data on Tuesday, April 22nd. The specialty retailer reported $1.75 earnings per share (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. Research analysts expect that Genuine Parts will post 7.9 EPS for the current fiscal year.

Genuine Parts Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 7th were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.53%. This is an increase from Genuine Parts’s previous quarterly dividend of $1.00. The ex-dividend date was Friday, March 7th. Genuine Parts’s dividend payout ratio (DPR) is presently 67.65%.

Analysts Set New Price Targets

A number of research firms recently issued reports on GPC. Evercore ISI lowered their target price on Genuine Parts from $135.00 to $130.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Loop Capital assumed coverage on shares of Genuine Parts in a report on Thursday, January 16th. They issued a “buy” rating and a $155.00 target price on the stock. Northcoast Research lowered shares of Genuine Parts from a “buy” rating to a “neutral” rating in a research report on Friday, January 17th. The Goldman Sachs Group reissued a “sell” rating and set a $114.00 price objective (down from $133.00) on shares of Genuine Parts in a research note on Tuesday, April 1st. Finally, Truist Financial boosted their target price on Genuine Parts from $133.00 to $137.00 and gave the stock a “buy” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Genuine Parts has a consensus rating of “Hold” and a consensus price target of $130.86.

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.