Genuine Parts (NYSE:GPC) Stock Holdings Decreased by Inceptionr LLC

Inceptionr LLC reduced its stake in shares of Genuine Parts (NYSE:GPC - Free Report) by 51.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,905 shares of the specialty retailer's stock after selling 3,085 shares during the period. Inceptionr LLC's holdings in Genuine Parts were worth $339,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC acquired a new position in shares of Genuine Parts in the 3rd quarter valued at about $26,000. Kestra Investment Management LLC acquired a new position in shares of Genuine Parts in the 4th quarter valued at about $28,000. First Command Advisory Services Inc. acquired a new position in shares of Genuine Parts in the 4th quarter valued at about $28,000. Compass Planning Associates Inc acquired a new position in shares of Genuine Parts in the 4th quarter valued at about $29,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Genuine Parts in the 3rd quarter valued at about $31,000. 78.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GPC has been the topic of several recent research reports. Loop Capital initiated coverage on shares of Genuine Parts in a research report on Thursday, January 16th. They issued a "buy" rating and a $155.00 price objective on the stock. Northcoast Research downgraded shares of Genuine Parts from a "buy" rating to a "neutral" rating in a research report on Friday, January 17th. Truist Financial lifted their price objective on shares of Genuine Parts from $129.00 to $133.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Evercore ISI cut their price objective on shares of Genuine Parts from $128.00 to $125.00 and set an "in-line" rating on the stock in a research report on Wednesday, February 19th. Finally, Redburn Atlantic upgraded shares of Genuine Parts to a "hold" rating in a research report on Monday, November 11th. Eight research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $137.63.

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Genuine Parts Price Performance

Shares of GPC stock traded up $2.03 during midday trading on Monday, reaching $129.20. 1,761,973 shares of the company were exchanged, compared to its average volume of 1,130,194. The company's 50 day moving average price is $120.01 and its two-hundred day moving average price is $125.89. The company has a market cap of $17.93 billion, a P/E ratio of 19.97 and a beta of 0.93. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.57 and a current ratio of 1.16. 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 announced its quarterly earnings data on Tuesday, February 18th. The specialty retailer reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.07. The company had revenue of $5.77 billion for the quarter, compared to analysts' expectations of $5.71 billion. Genuine Parts had a net margin of 3.85% and a return on equity of 25.28%. During the same quarter in the previous year, the company posted $2.26 EPS. On average, sell-side analysts expect that Genuine Parts will post 7.9 earnings per share for the current year.

Genuine Parts Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $4.12 annualized dividend and a dividend yield of 3.19%. This is a boost from Genuine Parts's previous quarterly dividend of $1.00. Genuine Parts's payout ratio is currently 63.68%.

Insider Transactions at Genuine Parts

In other news, Director Wendy B. Needham sold 1,608 shares of Genuine Parts stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $120.78, for a total value of $194,214.24. Following the transaction, the director now directly owns 11,357 shares of the company's stock, valued at $1,371,698.46. This trade represents a 12.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.37% of the company's stock.

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.