U.S. Capital Wealth Advisors LLC Purchases 5,156 Shares of Genuine Parts (NYSE:GPC)

U.S. Capital Wealth Advisors LLC boosted its holdings in shares of Genuine Parts (NYSE:GPC - Free Report) by 6.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,034 shares of the specialty retailer's stock after purchasing an additional 5,156 shares during the period. U.S. Capital Wealth Advisors LLC owned 0.06% of Genuine Parts worth $11,319,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of GPC. Commerzbank Aktiengesellschaft FI bought a new position in shares of Genuine Parts in the third quarter valued at about $845,000. Global X Japan Co. Ltd. increased its position in Genuine Parts by 19.7% in the 3rd quarter. Global X Japan Co. Ltd. now owns 3,108 shares of the specialty retailer's stock valued at $434,000 after acquiring an additional 511 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of Genuine Parts by 3.2% in the third quarter. Private Advisor Group LLC now owns 25,418 shares of the specialty retailer's stock worth $3,550,000 after acquiring an additional 799 shares during the last quarter. Westhampton Capital LLC lifted its position in shares of Genuine Parts by 8.3% during the third quarter. Westhampton Capital LLC now owns 6,490 shares of the specialty retailer's stock worth $907,000 after purchasing an additional 500 shares in the last quarter. Finally, Eastern Bank grew its stake in shares of Genuine Parts by 1,062.6% during the third quarter. Eastern Bank now owns 17,579 shares of the specialty retailer's stock valued at $2,455,000 after purchasing an additional 16,067 shares during the last quarter. Institutional investors own 78.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on GPC shares. StockNews.com downgraded Genuine Parts from a "buy" rating to a "hold" rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. reduced their price target on Genuine Parts from $162.00 to $135.00 and set an "overweight" rating on the stock in a research report on Tuesday. The Goldman Sachs Group dropped their price objective on Genuine Parts from $162.00 to $138.00 and set a "neutral" rating for the company in a report on Wednesday. Evercore ISI upped their price target on Genuine Parts from $155.00 to $160.00 and gave the company an "in-line" rating in a research note on Tuesday. Finally, UBS Group reduced their price target on shares of Genuine Parts from $145.00 to $125.00 and set a "neutral" rating on the stock in a research report on Wednesday. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Genuine Parts currently has an average rating of "Hold" and an average target price of $139.57.

Genuine Parts Stock Up 2.8 %

Shares of NYSE GPC traded up $3.12 during mid-day trading on Wednesday, hitting $116.24. The company had a trading volume of 2,767,736 shares, compared to its average volume of 996,082. Genuine Parts has a one year low of $112.74 and a one year high of $164.45. The company has a market capitalization of $16.19 billion, a PE ratio of 12.93 and a beta of 0.90. The company has a current ratio of 1.12, a quick ratio of 0.54 and a debt-to-equity ratio of 0.66. The firm has a 50-day simple moving average of $138.64 and a two-hundred day simple moving average of $142.82.

Genuine Parts (NYSE:GPC - Get Free Report) last announced 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 company had revenue of $6 billion for the quarter, compared to the consensus estimate of $5.94 billion. Genuine Parts had a return on equity of 30.03% and a net margin of 5.24%. The company's revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.49 EPS. On average, equities analysts expect that Genuine Parts will post 9.37 EPS for the current year.

Genuine Parts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date was Friday, September 6th. Genuine Parts's payout ratio is currently 44.59%.

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.