Clark & Stuart Inc Invests $3 Million in Genuine Parts (NYSE:GPC)

Clark & Stuart Inc acquired a new stake in shares of Genuine Parts (NYSE:GPC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 25,496 shares of the specialty retailer's stock, valued at approximately $3,002,000. Genuine Parts makes up approximately 2.2% of Clark & Stuart Inc's portfolio, making the stock its 19th largest position.

Several other institutional investors have also recently made changes to their positions in GPC. Quantinno Capital Management LP increased its position in shares of Genuine Parts by 74.0% in the third quarter. Quantinno Capital Management LP now owns 11,311 shares of the specialty retailer's stock worth $1,580,000 after purchasing an additional 4,809 shares during the last quarter. Miramar Capital LLC grew its stake in shares of Genuine Parts by 9.8% during the third 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. increased its stake in Genuine Parts by 8.2% in the 3rd quarter. Conning Inc. now owns 261,303 shares of the specialty retailer's stock worth $36,499,000 after purchasing an additional 19,795 shares during the period. WD Rutherford LLC boosted its position 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 valued at $1,037,000 after buying an additional 7,252 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its stake in shares of Genuine Parts by 23.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 303,676 shares of the specialty retailer's stock worth $42,417,000 after purchasing an additional 56,776 shares during the last quarter. Institutional investors own 78.83% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GPC. UBS Group reduced their price target on shares of Genuine Parts from $145.00 to $125.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 23rd. The Goldman Sachs Group lowered their price objective 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. StockNews.com cut Genuine Parts from a "buy" rating to a "hold" rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. decreased their price target on Genuine Parts from $162.00 to $135.00 and set an "overweight" rating on the stock in a report on Tuesday, October 22nd. Finally, Truist Financial reduced their price target on shares of Genuine Parts from $164.00 to $129.00 and set a "buy" rating on the stock in a report on Wednesday, October 23rd. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Genuine Parts has an average rating of "Hold" and a consensus price target of $139.57.

Genuine Parts Trading Up 0.5 %

Shares of NYSE GPC traded up $0.59 during midday trading on Monday, hitting $116.50. The company's stock had a trading volume of 1,301,136 shares, compared to its average volume of 1,095,928. The business's 50 day moving average is $120.94 and its two-hundred day moving average is $131.00. Genuine Parts has a 12-month low of $112.74 and a 12-month high of $164.45. The company has a current ratio of 1.17, a quick ratio of 0.57 and a debt-to-equity ratio of 0.81. The firm has a market cap of $16.20 billion, a P/E ratio of 14.99 and a beta of 0.95.

Genuine Parts (NYSE:GPC - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The specialty retailer reported $1.88 EPS for the quarter, missing the consensus estimate of $2.42 by ($0.54). The firm had revenue of $6 billion for the quarter, compared to analysts' expectations of $5.94 billion. Genuine Parts had a net margin of 4.67% and a return on equity of 27.23%. The business's quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.49 EPS. As a group, equities research analysts expect that Genuine Parts will post 8.09 EPS for the current year.

Genuine Parts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th were paid a $1.00 dividend. The ex-dividend date was Friday, December 6th. This represents a $4.00 annualized dividend and a yield of 3.43%. Genuine Parts's dividend payout ratio (DPR) is 51.48%.

Insiders Place Their Bets

In other Genuine Parts news, Director Wendy B. Needham sold 1,608 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $120.78, for a total value of $194,214.24. Following the completion of the sale, the director now directly owns 11,357 shares in the company, valued at approximately $1,371,698.46. This trade represents a 12.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.37% of the company's stock.

Genuine Parts Company 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.