Genuine Parts (NYSE:GPC) Stock Holdings Trimmed by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. decreased its holdings in shares of Genuine Parts (NYSE:GPC - Free Report) by 40.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,770 shares of the specialty retailer's stock after selling 3,200 shares during the period. Landscape Capital Management L.L.C.'s holdings in Genuine Parts were worth $557,000 at the end of the most recent reporting period.

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

Genuine Parts Trading Down 0.1 %

Shares of Genuine Parts stock traded down $0.10 during trading hours on Friday, reaching $113.19. 289,806 shares of the company's stock were exchanged, compared to its average volume of 1,250,135. The firm has a market capitalization of $15.71 billion, a price-to-earnings ratio of 17.49 and a beta of 0.82. The company has a current ratio of 1.16, a quick ratio of 0.57 and a debt-to-equity ratio of 0.86. Genuine Parts has a 52-week low of $104.01 and a 52-week high of $164.45. The company has a fifty day moving average of $120.33 and a 200-day moving average of $122.39.

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Genuine Parts (NYSE:GPC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The specialty retailer reported $1.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.54 by $0.07. The firm had revenue of $5.77 billion for the quarter, compared to analyst estimates of $5.71 billion. Genuine Parts had a return on equity of 25.28% and a net margin of 3.85%. During the same period last year, the company earned $2.26 EPS. Sell-side analysts forecast that Genuine Parts will post 7.9 EPS for the current fiscal year.

Genuine Parts Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders 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 an increase from Genuine Parts's previous quarterly dividend of $1.00. This represents a $4.12 annualized dividend and a yield of 3.64%. Genuine Parts's payout ratio is currently 63.68%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on GPC shares. Northcoast Research cut 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 raised their target price for the company from $128.00 to $135.00 in a report on Friday, April 4th. The Goldman Sachs Group reaffirmed a "sell" rating and issued a $114.00 price target (down previously from $133.00) on shares of Genuine Parts in a report on Tuesday, April 1st. Loop Capital initiated coverage on shares of Genuine Parts in a research note on Thursday, January 16th. They set a "buy" rating and a $155.00 price objective for the company. Finally, Truist Financial upped their target price on Genuine Parts from $129.00 to $133.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. One analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average 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.