Natixis Advisors LLC Cuts Stake in Genuine Parts (NYSE:GPC)

Natixis Advisors LLC lessened its stake in shares of Genuine Parts (NYSE:GPC - Free Report) by 22.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 94,187 shares of the specialty retailer's stock after selling 26,916 shares during the period. Natixis Advisors LLC owned 0.07% of Genuine Parts worth $10,998,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the business. First National Trust Co lifted its holdings in shares of Genuine Parts by 1.5% in the 4th quarter. First National Trust Co now owns 18,449 shares of the specialty retailer's stock valued at $2,154,000 after acquiring an additional 264 shares during the last quarter. Blume Capital Management Inc. lifted its holdings in shares of Genuine Parts by 55.1% in the 4th quarter. Blume Capital Management Inc. now owns 698 shares of the specialty retailer's stock valued at $81,000 after acquiring an additional 248 shares during the last quarter. LBP AM SA bought a new position in shares of Genuine Parts in the 4th quarter valued at about $4,870,000. Commonwealth Equity Services LLC lifted its holdings in shares of Genuine Parts by 15.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 96,699 shares of the specialty retailer's stock valued at $11,291,000 after acquiring an additional 12,610 shares during the last quarter. Finally, Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group lifted its holdings in shares of Genuine Parts by 8.2% in the 4th quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group now owns 10,545 shares of the specialty retailer's stock valued at $1,231,000 after acquiring an additional 799 shares during the last quarter. Institutional investors own 78.83% of the company's stock.

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Analyst Ratings Changes

A number of brokerages recently commented on GPC. Evercore ISI lowered their price target on shares of Genuine Parts from $128.00 to $125.00 and set an "in-line" rating for the company in a report on Wednesday, February 19th. Loop Capital started coverage on shares of Genuine Parts in a research note on Thursday, January 16th. They issued a "buy" rating and a $155.00 price objective for the company. Northcoast Research downgraded shares of Genuine Parts from a "buy" rating to a "neutral" rating in a research note on Friday, January 17th. Finally, Truist Financial raised their price objective on shares of Genuine Parts from $129.00 to $133.00 and gave the stock a "buy" rating in a research note on Wednesday, February 19th. Eight investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $137.63.

Genuine Parts Stock Down 1.5 %

GPC stock traded down $1.82 during trading on Friday, hitting $118.93. 3,064,471 shares of the company's stock traded hands, compared to its average volume of 1,150,171. The firm has a market capitalization of $16.50 billion, a P/E ratio of 18.38 and a beta of 0.93. The business has a fifty day simple moving average of $120.99 and a two-hundred day simple moving average of $124.70. The company has a quick ratio of 0.57, a current ratio of 1.16 and a debt-to-equity ratio of 0.86. Genuine Parts has a 1 year low of $112.74 and a 1 year high of $164.45.

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

Genuine Parts Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.46%. This is a positive change from Genuine Parts's previous quarterly dividend of $1.00. The ex-dividend date is Friday, March 7th. Genuine Parts's dividend payout ratio (DPR) is presently 63.68%.

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.