B. Metzler seel. Sohn & Co. AG Boosts Stock Position in Genuine Parts (NYSE:GPC)

B. Metzler seel. Sohn & Co. AG grew its stake in Genuine Parts (NYSE:GPC - Free Report) by 80.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,170 shares of the specialty retailer's stock after purchasing an additional 8,096 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Genuine Parts were worth $2,122,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Millstone Evans Group LLC bought a new stake in Genuine Parts in the fourth quarter worth about $25,000. Kestra Investment Management LLC bought a new position in Genuine Parts in the 4th quarter valued at $28,000. First Command Advisory Services Inc. purchased a new stake in shares of Genuine Parts during the fourth quarter valued at $28,000. Compass Planning Associates Inc bought a new position in shares of Genuine Parts in the fourth quarter worth about $29,000. Finally, Synergy Asset Management LLC purchased a new position in Genuine Parts in the 4th quarter worth about $32,000. 78.83% of the stock is owned by hedge funds and other institutional investors.

Genuine Parts Price Performance

Shares of Genuine Parts stock traded down $6.55 during trading hours on Monday, reaching $110.26. 835,401 shares of the company's stock were exchanged, compared to its average volume of 1,225,408. The company has a market capitalization of $15.30 billion, a P/E ratio of 17.08 and a beta of 0.82. Genuine Parts has a 1 year low of $108.93 and a 1 year high of $164.45. The business has a fifty day moving average of $121.16 and a two-hundred day moving average of $123.34. The company has a quick ratio of 0.57, a current ratio of 1.16 and a debt-to-equity ratio of 0.86.

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Genuine Parts (NYSE:GPC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The specialty retailer reported $1.61 EPS for the quarter, topping analysts' consensus estimates of $1.54 by $0.07. Genuine Parts had a return on equity of 25.28% and a net margin of 3.85%. The firm had revenue of $5.77 billion for the quarter, compared to the consensus estimate of $5.71 billion. During the same quarter last year, the business posted $2.26 earnings per share. As a group, research analysts predict that Genuine Parts will post 7.9 earnings per share for the current fiscal year.

Genuine Parts Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th were issued a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, March 7th. This is a boost from Genuine Parts's previous quarterly dividend of $1.00. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.74%. Genuine Parts's dividend payout ratio is currently 63.68%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group reaffirmed a "sell" rating and set a $114.00 target price (down from $133.00) on shares of Genuine Parts in a research report on Tuesday, April 1st. Evercore ISI raised Genuine Parts from an "in-line" rating to an "outperform" rating and raised their price objective for the company from $128.00 to $135.00 in a research report on Friday. Truist Financial increased their price target on shares of Genuine Parts from $129.00 to $133.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Loop Capital assumed coverage on Genuine Parts in a report on Thursday, January 16th. They set a "buy" rating and a $155.00 price objective for the company. Finally, Northcoast Research lowered shares of Genuine Parts from a "buy" rating to a "neutral" rating in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $135.88.

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.