Butensky & Cohen Financial Security Inc. Acquires 4,586 Shares of Genuine Parts (NYSE:GPC)

Butensky & Cohen Financial Security Inc. lifted its stake in shares of Genuine Parts (NYSE:GPC - Free Report) by 14.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,295 shares of the specialty retailer's stock after purchasing an additional 4,586 shares during the quarter. Butensky & Cohen Financial Security Inc.'s holdings in Genuine Parts were worth $4,121,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in GPC. Quantinno Capital Management LP raised its position in Genuine Parts by 74.0% in the third quarter. Quantinno Capital Management LP now owns 11,311 shares of the specialty retailer's stock valued at $1,580,000 after purchasing an additional 4,809 shares during the last quarter. Miramar Capital LLC raised its holdings in Genuine Parts by 9.8% in the 3rd quarter. Miramar Capital LLC now owns 87,802 shares of the specialty retailer's stock valued at $12,264,000 after buying an additional 7,845 shares during the last quarter. Conning Inc. boosted its position in Genuine Parts by 8.2% during the 3rd quarter. Conning Inc. now owns 261,303 shares of the specialty retailer's stock worth $36,499,000 after buying an additional 19,795 shares during the period. WD Rutherford LLC grew its holdings in Genuine Parts by 4,265.9% during the 3rd quarter. WD Rutherford LLC now owns 7,422 shares of the specialty retailer's stock worth $1,037,000 after acquiring an additional 7,252 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its position in Genuine Parts by 23.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 303,676 shares of the specialty retailer's stock valued at $42,417,000 after acquiring an additional 56,776 shares during the period. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Wendy B. Needham sold 1,608 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $120.78, for a total transaction of $194,214.24. Following the completion of the sale, the director now owns 11,357 shares in the company, valued at $1,371,698.46. This trade represents a 12.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.37% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

GPC has been the topic of a number of recent research reports. Redburn Atlantic upgraded shares of Genuine Parts to a "hold" rating in a report on Monday, November 11th. The Goldman Sachs Group reduced their price target on Genuine Parts from $162.00 to $138.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 23rd. Truist Financial decreased their price target on Genuine Parts from $164.00 to $129.00 and set a "buy" rating for the company in a research note on Wednesday, October 23rd. UBS Group cut their price objective on Genuine Parts from $145.00 to $125.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Genuine Parts from $162.00 to $135.00 and set an "overweight" rating for the company in a research report on Tuesday, October 22nd. Eight analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $141.50.

Genuine Parts Stock Down 0.8 %

NYSE GPC traded down $0.99 on Friday, reaching $118.43. The company had a trading volume of 2,448,055 shares, compared to its average volume of 983,311. The company has a quick ratio of 0.57, a current ratio of 1.17 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $16.47 billion, a P/E ratio of 15.24 and a beta of 0.95. The company's fifty day moving average is $120.69 and its 200 day moving average is $130.43. Genuine Parts has a 52-week low of $112.74 and a 52-week high of $164.45.

Genuine Parts (NYSE:GPC - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The specialty retailer reported $1.88 earnings per share for the quarter, missing analysts' consensus estimates of $2.42 by ($0.54). The firm had revenue of $6 billion for the quarter, compared to the consensus estimate of $5.94 billion. Genuine Parts had a net margin of 4.67% and a return on equity of 27.23%. The firm's revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.49 earnings per share. Sell-side analysts anticipate that Genuine Parts will post 8.09 earnings per share for the current fiscal year.

Genuine Parts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date was Friday, December 6th. Genuine Parts's payout ratio is 51.48%.

About Genuine Parts

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.