Amalgamated Bank Has $3.82 Million Stock Holdings in Genuine Parts (NYSE:GPC)

Amalgamated Bank lessened its position in Genuine Parts (NYSE:GPC - Free Report) by 25.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 27,377 shares of the specialty retailer's stock after selling 9,432 shares during the quarter. Amalgamated Bank's holdings in Genuine Parts were worth $3,824,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of GPC. Wulff Hansen & CO. increased its position in Genuine Parts by 13,732.0% during the second quarter. Wulff Hansen & CO. now owns 1,566,474 shares of the specialty retailer's stock valued at $216,675,000 after acquiring an additional 1,555,149 shares during the last quarter. Dimensional Fund Advisors LP grew its position 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 valued at $189,296,000 after purchasing an additional 239,858 shares in the last quarter. D. E. Shaw & Co. Inc. increased its stake in Genuine Parts by 29.6% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 980,184 shares of the specialty retailer's stock worth $135,579,000 after acquiring an additional 223,712 shares during the last quarter. Hamlin Capital Management LLC lifted its position in Genuine Parts by 12.3% during the third quarter. Hamlin Capital Management LLC now owns 591,075 shares of the specialty retailer's stock valued at $82,561,000 after purchasing an additional 64,520 shares during the last quarter. Finally, International Assets Investment Management LLC increased its stake in Genuine Parts by 14,222.1% during the third quarter. International Assets Investment Management LLC now owns 584,342 shares of the specialty retailer's stock worth $81,621,000 after acquiring an additional 580,262 shares during the last quarter. Institutional investors own 78.83% of the company's stock.

Genuine Parts Price Performance

Shares of Genuine Parts stock traded down $0.63 during trading on Friday, hitting $122.41. 1,220,592 shares of the company were exchanged, compared to its average volume of 1,893,967. The stock has a market capitalization of $17.02 billion, a price-to-earnings ratio of 15.75 and a beta of 0.92. Genuine Parts has a fifty-two week low of $112.74 and a fifty-two week high of $164.45. 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 50 day moving average price of $132.47 and a 200 day moving average price of $139.90.

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

Genuine Parts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend was Friday, September 6th. Genuine Parts's payout ratio is currently 51.48%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Evercore ISI lifted their price objective on shares of Genuine Parts from $155.00 to $160.00 and gave the company an "in-line" rating in a report on Tuesday, October 22nd. Wedbush decreased their price objective on shares of Genuine Parts from $145.00 to $120.00 and set a "neutral" rating for the company in a research report on Wednesday, October 23rd. Truist Financial cut their price objective on Genuine Parts from $164.00 to $129.00 and set a "buy" rating on the stock in a report on Wednesday, October 23rd. JPMorgan Chase & Co. decreased their target price on shares of 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 reduced their price target on Genuine Parts from $162.00 to $138.00 and set a "neutral" rating for the company in a report on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Genuine Parts presently has an average rating of "Hold" and an average 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.