Quantinno Capital Management LP Has $1.58 Million Stock Holdings in Genuine Parts (NYSE:GPC)

Quantinno Capital Management LP boosted its stake in Genuine Parts (NYSE:GPC - Free Report) by 74.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,311 shares of the specialty retailer's stock after buying an additional 4,809 shares during the quarter. Quantinno Capital Management LP's holdings in Genuine Parts were worth $1,580,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of GPC. Charles Schwab Investment Management Inc. boosted its holdings in shares of Genuine Parts by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,743,970 shares of the specialty retailer's stock worth $383,511,000 after acquiring an additional 30,354 shares in the last quarter. Wulff Hansen & CO. boosted its stake in Genuine Parts by 13,732.0% in the second quarter. Wulff Hansen & CO. now owns 1,566,474 shares of the specialty retailer's stock worth $216,675,000 after purchasing an additional 1,555,149 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Genuine Parts by 21.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,368,562 shares of the specialty retailer's stock worth $189,296,000 after purchasing an additional 239,858 shares during the last quarter. D. E. Shaw & Co. Inc. increased its stake in shares of Genuine Parts by 29.6% in the second quarter. D. E. Shaw & Co. Inc. now owns 980,184 shares of the specialty retailer's stock valued at $135,579,000 after buying an additional 223,712 shares in the last quarter. Finally, Hamlin Capital Management LLC raised its holdings in shares of Genuine Parts by 12.3% in the third quarter. Hamlin Capital Management LLC now owns 591,075 shares of the specialty retailer's stock valued at $82,561,000 after buying an additional 64,520 shares during the last quarter. 78.83% of the stock is currently owned by institutional investors.

Genuine Parts Stock Performance

Shares of GPC traded down $1.26 during trading hours on Thursday, hitting $121.73. The company had a trading volume of 937,613 shares, compared to its average volume of 1,063,849. The business has a fifty day moving average of $125.86 and a 200-day moving average of $134.77. 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 firm has a market cap of $16.92 billion, a price-to-earnings ratio of 15.67 and a beta of 0.94. Genuine Parts has a 12 month low of $112.74 and a 12 month 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 (EPS) for the quarter, missing the consensus estimate of $2.42 by ($0.54). The firm had revenue of $6 billion during 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 business's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.49 earnings per share. Equities analysts anticipate that Genuine Parts will post 8.09 EPS for the current fiscal year.

Genuine Parts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.29%. Genuine Parts's payout ratio is 51.48%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on GPC. Redburn Atlantic raised shares of Genuine Parts to a "hold" rating in a research note on Monday, November 11th. UBS Group reduced their price objective on Genuine Parts from $145.00 to $125.00 and set a "neutral" rating on the stock in a report on Wednesday, October 23rd. Truist Financial decreased their price objective on Genuine Parts from $164.00 to $129.00 and set a "buy" rating on the stock in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. dropped their target price on Genuine Parts from $162.00 to $135.00 and set an "overweight" rating for the company in a research report on Tuesday, October 22nd. Finally, The Goldman Sachs Group decreased their price target on Genuine Parts from $162.00 to $138.00 and set a "neutral" rating on the stock in a report on Wednesday, October 23rd. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $139.57.

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.