Dimensional Fund Advisors LP Has $198.34 Million Holdings in Genuine Parts (NYSE:GPC)

Dimensional Fund Advisors LP boosted its stake in Genuine Parts (NYSE:GPC - Free Report) by 12.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,698,737 shares of the specialty retailer's stock after buying an additional 182,965 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.22% of Genuine Parts worth $198,338,000 at the end of the most recent quarter.

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

Genuine Parts Price Performance

GPC opened at $114.84 on Wednesday. The company has a fifty day moving average price of $119.41 and a two-hundred day moving average price of $121.00. 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 firm has a market capitalization of $15.94 billion, a PE ratio of 17.75 and a beta of 0.82. Genuine Parts has a 52 week low of $104.01 and a 52 week high of $163.86.

Genuine Parts (NYSE:GPC - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The specialty retailer reported $1.75 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 company had revenue of $5.87 billion during the quarter, compared to analysts' expectations of $5.83 billion. As a group, analysts anticipate that Genuine Parts will post 7.9 earnings per share for the current year.

Genuine Parts Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.59%. This is a boost from Genuine Parts's previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Friday, March 7th. Genuine Parts's dividend payout ratio (DPR) is currently 63.68%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on GPC shares. Loop Capital assumed coverage on Genuine Parts in a research report on Thursday, January 16th. They issued a "buy" rating and a $155.00 price objective for the company. Truist Financial upped their price target on shares of Genuine Parts from $129.00 to $133.00 and gave the stock a "buy" rating in a research report on Wednesday, February 19th. Northcoast Research cut shares of Genuine Parts from a "buy" rating to a "neutral" rating in a research report on Friday, January 17th. Evercore ISI upgraded shares of Genuine Parts from an "in-line" rating to an "outperform" rating and upped their target price for the stock from $128.00 to $135.00 in a research report on Friday, April 4th. Finally, StockNews.com raised shares of Genuine Parts from a "hold" rating to a "buy" rating in a report on Friday, April 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Genuine Parts presently has an average rating of "Moderate Buy" and a consensus target price of $131.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.