Natixis Has $951,000 Stock Position in Genuine Parts (NYSE:GPC)

Natixis lessened its stake in Genuine Parts (NYSE:GPC - Free Report) by 38.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,142 shares of the specialty retailer's stock after selling 5,011 shares during the quarter. Natixis' holdings in Genuine Parts were worth $951,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hartford Financial Management Inc. lifted its stake in Genuine Parts by 0.5% in the fourth quarter. Hartford Financial Management Inc. now owns 18,715 shares of the specialty retailer's stock valued at $2,185,000 after acquiring an additional 99 shares during the last quarter. New York Life Investment Management LLC grew its holdings in Genuine Parts by 0.6% during the fourth quarter. New York Life Investment Management LLC now owns 18,743 shares of the specialty retailer's stock worth $2,188,000 after purchasing an additional 108 shares during the period. Grimes & Company Inc. increased its position in Genuine Parts by 3.3% during the fourth quarter. Grimes & Company Inc. now owns 3,494 shares of the specialty retailer's stock worth $408,000 after buying an additional 111 shares during the last quarter. Pinnacle Financial Partners Inc raised its stake in Genuine Parts by 2.5% in the fourth quarter. Pinnacle Financial Partners Inc now owns 4,630 shares of the specialty retailer's stock valued at $541,000 after buying an additional 115 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its position in shares of Genuine Parts by 1.7% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,512 shares of the specialty retailer's stock valued at $877,000 after buying an additional 128 shares during the last quarter. 78.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Northcoast Research cut shares of Genuine Parts from a "buy" rating to a "neutral" rating in a research note on Friday, January 17th. Loop Capital started coverage on Genuine Parts in a report on Thursday, January 16th. They set a "buy" rating and a $155.00 price target for the company. StockNews.com upgraded Genuine Parts from a "hold" rating to a "buy" rating in a research note on Friday, April 18th. Evercore ISI lowered their price objective on Genuine Parts from $135.00 to $130.00 and set an "outperform" rating on the stock in a research report on Wednesday. Finally, The Goldman Sachs Group reissued a "sell" rating and issued a $114.00 target price (down previously from $133.00) on shares of Genuine Parts in a research report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Genuine Parts presently has a consensus rating of "Moderate Buy" and a consensus target price of $130.29.

Genuine Parts Trading Up 1.0 %

Shares of GPC opened at $116.13 on Thursday. 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 52-week low of $104.01 and a 52-week high of $163.73. The firm has a market cap of $16.12 billion, a price-to-earnings ratio of 17.95 and a beta of 0.82. The business's fifty day moving average is $119.24 and its 200-day moving average is $120.97.

Genuine Parts (NYSE:GPC - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The specialty retailer reported $1.75 EPS for the quarter, topping analysts' consensus estimates of $1.66 by $0.09. The firm had revenue of $5.87 billion during the quarter, compared to analysts' expectations of $5.83 billion. Genuine Parts had a net margin of 3.85% and a return on equity of 25.28%. Equities analysts anticipate that Genuine Parts will post 7.9 EPS for the current fiscal year.

Genuine Parts Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th were issued a dividend of $1.03 per share. This is a boost from Genuine Parts's previous quarterly dividend of $1.00. This represents a $4.12 annualized dividend and a dividend yield of 3.55%. The ex-dividend date was Friday, March 7th. Genuine Parts's payout ratio is 63.68%.

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.

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