River Road Asset Management LLC Has $25.45 Million Holdings in Genuine Parts (NYSE:GPC)

River Road Asset Management LLC lifted its holdings in shares of Genuine Parts (NYSE:GPC - Free Report) by 3.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 182,206 shares of the specialty retailer's stock after purchasing an additional 5,274 shares during the quarter. River Road Asset Management LLC owned approximately 0.13% of Genuine Parts worth $25,451,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Manchester Capital Management LLC boosted its holdings in shares of Genuine Parts by 36.1% during the 1st quarter. Manchester Capital Management LLC now owns 249 shares of the specialty retailer's stock worth $39,000 after buying an additional 66 shares during the period. First Citizens Bank & Trust Co. boosted its holdings in shares of Genuine Parts by 4.9% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 1,616 shares of the specialty retailer's stock worth $224,000 after buying an additional 75 shares during the period. HBK Sorce Advisory LLC boosted its holdings in shares of Genuine Parts by 1.8% during the 1st quarter. HBK Sorce Advisory LLC now owns 4,437 shares of the specialty retailer's stock worth $689,000 after buying an additional 80 shares during the period. Dover Advisors LLC boosted its holdings in shares of Genuine Parts by 5.1% during the 2nd quarter. Dover Advisors LLC now owns 1,756 shares of the specialty retailer's stock worth $243,000 after buying an additional 85 shares during the period. Finally, Blackhawk Capital Partners LLC. boosted its holdings in shares of Genuine Parts by 1.3% during the 2nd quarter. Blackhawk Capital Partners LLC. now owns 6,793 shares of the specialty retailer's stock worth $940,000 after buying an additional 86 shares during the period. Institutional investors and hedge funds own 78.83% of the company's stock.

Genuine Parts Price Performance

Shares of GPC stock traded up $0.61 during mid-day trading on Tuesday, reaching $116.66. The company's stock had a trading volume of 1,067,643 shares, compared to its average volume of 1,041,521. The company has a market cap of $16.22 billion, a P/E ratio of 14.99 and a beta of 0.92. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.57 and a current ratio of 1.17. The firm's 50-day moving average is $134.18 and its two-hundred day moving average is $140.75. Genuine Parts has a 1-year low of $112.74 and a 1-year high of $164.45.

Genuine Parts (NYSE:GPC - Get Free Report) last announced its earnings results 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 return on equity of 27.23% and a net margin of 4.67%. The company's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.49 EPS. On average, research analysts predict that Genuine Parts will post 8.09 earnings per share for the current year.

Genuine Parts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date was Friday, September 6th. Genuine Parts's dividend payout ratio (DPR) is currently 51.48%.

Analyst Ratings Changes

Several analysts recently issued reports on GPC shares. Wedbush decreased their price objective on shares of Genuine Parts from $145.00 to $120.00 and set a "neutral" rating for the company in a report on Wednesday, October 23rd. The Goldman Sachs Group reduced their price target on shares of Genuine Parts from $162.00 to $138.00 and set a "neutral" rating for the company in a report on Wednesday, October 23rd. Evercore ISI increased their price target on shares of Genuine Parts from $155.00 to $160.00 and gave the company an "in-line" rating in a report on Tuesday, October 22nd. StockNews.com downgraded shares of Genuine Parts from a "buy" rating to a "hold" rating in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. dropped their price objective 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. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $139.57.

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.