GSA Capital Partners LLP Sells 24,602 Shares of Genuine Parts (NYSE:GPC)

GSA Capital Partners LLP lowered its position in Genuine Parts (NYSE:GPC - Free Report) by 87.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,651 shares of the specialty retailer's stock after selling 24,602 shares during the quarter. GSA Capital Partners LLP's holdings in Genuine Parts were worth $510,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Nations Financial Group Inc. IA ADV boosted its holdings in Genuine Parts by 17.5% during the third quarter. Nations Financial Group Inc. IA ADV now owns 3,444 shares of the specialty retailer's stock worth $481,000 after buying an additional 512 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in Genuine Parts by 4.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 8,424 shares of the specialty retailer's stock worth $1,177,000 after purchasing an additional 326 shares during the period. Delta Financial Advisors LLC lifted its position in Genuine Parts by 10.2% in the 3rd quarter. Delta Financial Advisors LLC now owns 12,206 shares of the specialty retailer's stock worth $1,705,000 after buying an additional 1,127 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in Genuine Parts in the 3rd quarter worth approximately $26,000. Finally, Jensen Investment Management Inc. lifted its position in Genuine Parts by 13.7% in the 3rd quarter. Jensen Investment Management Inc. now owns 48,430 shares of the specialty retailer's stock worth $6,765,000 after buying an additional 5,840 shares in the last quarter. Institutional investors and hedge funds own 78.83% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on GPC shares. Evercore ISI lifted their target price on shares of Genuine Parts from $155.00 to $160.00 and gave the stock an "in-line" rating in a report on Tuesday, October 22nd. Redburn Atlantic upgraded shares of Genuine Parts to a "hold" rating in a research report on Monday, November 11th. StockNews.com downgraded shares of Genuine Parts from a "buy" rating to a "hold" rating in a research note on Wednesday, October 16th. Wedbush dropped their target price 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. Finally, JPMorgan Chase & Co. dropped their price target on shares of Genuine Parts from $162.00 to $135.00 and set an "overweight" rating for the company in a research note on Tuesday, October 22nd. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $139.57.

Genuine Parts Trading Down 0.4 %

NYSE GPC traded down $0.50 during trading on Wednesday, reaching $120.76. 1,038,567 shares of the stock traded hands, compared to its average volume of 1,056,980. The firm has a market cap of $16.79 billion, a price-to-earnings ratio of 15.54 and a beta of 0.92. The stock's 50-day moving average price is $129.96 and its 200 day moving average price is $137.71. The company has a quick ratio of 0.57, a current ratio of 1.17 and a debt-to-equity ratio of 0.81. Genuine Parts has a fifty-two week low of $112.74 and a fifty-two week high of $164.45.

Genuine Parts (NYSE:GPC - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The specialty retailer reported $1.88 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.42 by ($0.54). The firm had revenue of $6 billion for the quarter, compared to analyst estimates of $5.94 billion. Genuine Parts had a net margin of 4.67% and a return on equity of 27.23%. The firm's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.49 EPS. Analysts predict that Genuine Parts will post 8.09 EPS for the current year.

Genuine Parts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 6th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 3.31%. The ex-dividend date is Friday, December 6th. Genuine Parts's payout ratio is 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.