Core Alternative Capital Has $4.75 Million Holdings in Genuine Parts (NYSE:GPC)

Core Alternative Capital decreased its position in shares of Genuine Parts (NYSE:GPC - Free Report) by 6.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,639 shares of the specialty retailer's stock after selling 2,848 shares during the period. Core Alternative Capital's holdings in Genuine Parts were worth $4,745,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC increased its holdings in Genuine Parts by 284.4% in the third quarter. Exchange Traded Concepts LLC now owns 1,999 shares of the specialty retailer's stock worth $279,000 after buying an additional 1,479 shares during the last quarter. CHICAGO TRUST Co NA grew its position in Genuine Parts by 20.0% in the third quarter. CHICAGO TRUST Co NA now owns 1,999 shares of the specialty retailer's stock worth $279,000 after acquiring an additional 333 shares in the last quarter. Koshinski Asset Management Inc. acquired a new position in shares of Genuine Parts during the 3rd quarter worth $202,000. Armstrong Advisory Group Inc. lifted its stake in shares of Genuine Parts by 63.8% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 362 shares of the specialty retailer's stock valued at $51,000 after purchasing an additional 141 shares during the last quarter. Finally, Orca Investment Management LLC lifted its stake in shares of Genuine Parts by 14.0% in the 3rd quarter. Orca Investment Management LLC now owns 3,103 shares of the specialty retailer's stock valued at $433,000 after purchasing an additional 381 shares during the last quarter. Institutional investors and hedge funds own 78.83% of the company's stock.

Insider Activity at Genuine Parts

In other Genuine Parts news, Director Wendy B. Needham sold 1,608 shares of the firm's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $120.78, for a total transaction of $194,214.24. Following the completion of the transaction, the director now owns 11,357 shares in the company, valued at $1,371,698.46. This trade represents a 12.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.37% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. The Goldman Sachs Group cut their target price on Genuine Parts from $162.00 to $138.00 and set a "neutral" rating on the stock in a report on Wednesday, October 23rd. Loop Capital began coverage on Genuine Parts in a research note on Thursday, January 16th. They issued a "buy" rating and a $155.00 price objective on the stock. Northcoast Research cut Genuine Parts from a "buy" rating to a "neutral" rating in a research report on Friday, January 17th. UBS Group lowered their price target on Genuine Parts from $145.00 to $125.00 and set a "neutral" rating on the stock in a report on Wednesday, October 23rd. Finally, Wedbush reduced 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 note on Wednesday, October 23rd. Eight research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $141.50.

Genuine Parts Stock Performance

NYSE GPC traded up $0.19 during midday trading on Friday, hitting $124.87. The company had a trading volume of 1,973,798 shares, compared to its average volume of 1,567,151. 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 fifty day simple moving average of $118.36 and a two-hundred day simple moving average of $127.88. Genuine Parts has a fifty-two week low of $112.74 and a fifty-two week high of $164.45. The stock has a market cap of $17.36 billion, a price-to-earnings ratio of 16.07 and a beta of 0.94.

Genuine Parts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend was Friday, December 6th. Genuine Parts's payout ratio is presently 51.48%.

About Genuine Parts

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.