O Shaughnessy Asset Management LLC Sells 5,343 Shares of Genuine Parts (NYSE:GPC)

O Shaughnessy Asset Management LLC trimmed its holdings in Genuine Parts (NYSE:GPC - Free Report) by 26.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,679 shares of the specialty retailer's stock after selling 5,343 shares during the period. O Shaughnessy Asset Management LLC's holdings in Genuine Parts were worth $1,714,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. State Street Corp boosted its stake in shares of Genuine Parts by 5.4% during the 3rd quarter. State Street Corp now owns 7,844,189 shares of the specialty retailer's stock worth $1,103,300,000 after purchasing an additional 401,180 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Genuine Parts by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 3,296,965 shares of the specialty retailer's stock worth $458,947,000 after acquiring an additional 32,858 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Genuine Parts by 5.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,889,930 shares of the specialty retailer's stock worth $337,428,000 after acquiring an additional 145,960 shares during the period. JPMorgan Chase & Co. raised its holdings in Genuine Parts by 6.6% in the third quarter. JPMorgan Chase & Co. now owns 1,840,807 shares of the specialty retailer's stock valued at $257,124,000 after buying an additional 114,180 shares during the period. Finally, Norges Bank purchased a new position in Genuine Parts in the fourth quarter valued at approximately $206,645,000. 78.83% of the stock is owned by institutional investors and hedge funds.

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Genuine Parts Stock Performance

Genuine Parts stock traded down $2.91 during trading hours on Thursday, reaching $111.07. 257,177 shares of the company were exchanged, compared to its average volume of 1,245,126. The company has a current ratio of 1.16, a quick ratio of 0.57 and a debt-to-equity ratio of 0.86. The stock has a 50-day moving average of $120.38 and a 200 day moving average of $122.57. Genuine Parts has a 12 month low of $104.01 and a 12 month high of $164.45. The firm has a market cap of $15.41 billion, a price-to-earnings ratio of 17.21 and a beta of 0.82.

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

Genuine Parts Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 7th were given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.71%. This is a positive change from Genuine Parts's previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Friday, March 7th. Genuine Parts's dividend payout ratio (DPR) is presently 63.68%.

Wall Street Analyst Weigh In

GPC has been the topic of several research reports. Evercore ISI upgraded shares of Genuine Parts from an "in-line" rating to an "outperform" rating and raised their price target for the company from $128.00 to $135.00 in a report on Friday, April 4th. Loop Capital initiated coverage on shares of Genuine Parts in a research report on Thursday, January 16th. They set a "buy" rating and a $155.00 price target for the company. Truist Financial raised their price target on shares of Genuine Parts from $129.00 to $133.00 and gave the stock a "buy" rating in a research report on Wednesday, February 19th. Northcoast Research lowered shares of Genuine Parts from a "buy" rating to a "neutral" rating in a research note on Friday, January 17th. Finally, The Goldman Sachs Group reiterated a "sell" rating and set a $114.00 target price (down previously from $133.00) on shares of Genuine Parts in a research note on Tuesday, April 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $135.88.

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.