Haverford Trust Co Has $12.42 Million Stock Holdings in Genuine Parts (NYSE:GPC)

Haverford Trust Co trimmed its position in shares of Genuine Parts (NYSE:GPC - Free Report) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 106,373 shares of the specialty retailer's stock after selling 5,325 shares during the period. Haverford Trust Co owned 0.08% of Genuine Parts worth $12,420,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ICW Investment Advisors LLC raised its holdings in shares of Genuine Parts by 1.7% in the 4th quarter. ICW Investment Advisors LLC now owns 8,839 shares of the specialty retailer's stock valued at $1,032,000 after purchasing an additional 149 shares during the period. LPL Financial LLC raised its stake in Genuine Parts by 17.3% in the fourth quarter. LPL Financial LLC now owns 196,887 shares of the specialty retailer's stock valued at $22,988,000 after buying an additional 29,042 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Genuine Parts in the fourth quarter valued at approximately $5,575,000. Mizuho Securities USA LLC boosted its stake in shares of Genuine Parts by 45.9% during the 4th quarter. Mizuho Securities USA LLC now owns 13,177 shares of the specialty retailer's stock worth $1,539,000 after acquiring an additional 4,143 shares during the period. Finally, Virtu Financial LLC boosted its stake in shares of Genuine Parts by 414.2% during the 4th quarter. Virtu Financial LLC now owns 8,053 shares of the specialty retailer's stock worth $940,000 after acquiring an additional 6,487 shares during the period. 78.83% of the stock is owned by institutional investors.

Remove Ads

Genuine Parts Stock Performance

Shares of GPC traded down $2.07 during mid-day trading on Friday, hitting $118.49. 1,016,010 shares of the company's stock were exchanged, compared to its average volume of 1,213,490. The company has a quick ratio of 0.57, a current ratio of 1.16 and a debt-to-equity ratio of 0.86. Genuine Parts has a 52 week low of $112.74 and a 52 week high of $164.45. The stock's 50-day simple moving average is $121.13 and its 200-day simple moving average is $124.15. The firm has a market cap of $16.44 billion, a price-to-earnings ratio of 18.31 and a beta of 0.93.

Genuine Parts (NYSE:GPC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The specialty retailer reported $1.61 EPS for the quarter, topping analysts' consensus estimates of $1.54 by $0.07. The firm had revenue of $5.77 billion for the quarter, compared to analyst estimates of $5.71 billion. Genuine Parts had a return on equity of 25.28% and a net margin of 3.85%. During the same quarter last year, the company earned $2.26 EPS. On average, equities research analysts expect that Genuine Parts will post 7.9 EPS for the current year.

Genuine Parts Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.48%. This is an increase from Genuine Parts's previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Friday, March 7th. Genuine Parts's dividend payout ratio is presently 63.68%.

Analyst Ratings Changes

Several equities research analysts have issued reports on GPC shares. Northcoast Research downgraded Genuine Parts from a "buy" rating to a "neutral" rating in a report on Friday, January 17th. Truist Financial raised their target price on shares of Genuine Parts from $129.00 to $133.00 and gave the stock a "buy" rating in a research note on Wednesday, February 19th. Evercore ISI decreased their price target on shares of Genuine Parts from $128.00 to $125.00 and set an "in-line" rating on the stock in a research note on Wednesday, February 19th. Finally, 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 objective for the company. Eight analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Genuine Parts has a consensus rating of "Hold" and an average target price of $137.63.

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.