2,941 Shares in Genuine Parts (NYSE:GPC) Purchased by Polymer Capital Management US LLC

Polymer Capital Management US LLC acquired a new position in shares of Genuine Parts (NYSE:GPC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,941 shares of the specialty retailer's stock, valued at approximately $343,000.

Several other institutional investors and hedge funds also recently bought and sold shares of GPC. Royal London Asset Management Ltd. grew its position in Genuine Parts by 2.7% during the third quarter. Royal London Asset Management Ltd. now owns 57,242 shares of the specialty retailer's stock valued at $7,996,000 after purchasing an additional 1,518 shares in the last quarter. Quantinno Capital Management LP boosted its stake in shares of Genuine Parts by 74.0% during the 3rd quarter. Quantinno Capital Management LP now owns 11,311 shares of the specialty retailer's stock valued at $1,580,000 after buying an additional 4,809 shares during the period. Kovitz Investment Group Partners LLC grew its holdings in shares of Genuine Parts by 126.9% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 36,035 shares of the specialty retailer's stock valued at $4,836,000 after acquiring an additional 20,156 shares in the last quarter. Insigneo Advisory Services LLC increased its stake in shares of Genuine Parts by 62.6% in the third quarter. Insigneo Advisory Services LLC now owns 3,630 shares of the specialty retailer's stock worth $507,000 after acquiring an additional 1,398 shares during the last quarter. Finally, EP Wealth Advisors LLC raised its holdings in shares of Genuine Parts by 18.1% during the third quarter. EP Wealth Advisors LLC now owns 17,243 shares of the specialty retailer's stock worth $2,409,000 after acquiring an additional 2,645 shares in the last quarter. Hedge funds and other institutional investors own 78.83% of the company's stock.

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Genuine Parts Stock Performance

GPC traded up $1.84 during trading on Friday, hitting $115.13. The stock had a trading volume of 1,263,914 shares, compared to its average volume of 1,256,725. The firm has a market cap of $15.98 billion, a PE ratio of 17.79 and a beta of 0.82. The company has a current ratio of 1.16, a quick ratio of 0.57 and a debt-to-equity ratio of 0.86. Genuine Parts has a 12 month low of $104.01 and a 12 month high of $164.45. The company has a 50 day simple moving average of $120.28 and a 200-day simple moving average of $122.09.

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. Genuine Parts had a return on equity of 25.28% and a net margin of 3.85%. The business had revenue of $5.77 billion for the quarter, compared to analyst estimates of $5.71 billion. During the same period in the previous year, the company posted $2.26 earnings per share. Analysts expect that Genuine Parts will post 7.9 EPS for the current year.

Genuine Parts Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th were paid a $1.03 dividend. This is an increase from Genuine Parts's previous quarterly dividend of $1.00. The ex-dividend date was Friday, March 7th. This represents a $4.12 annualized dividend and a dividend yield of 3.58%. Genuine Parts's dividend payout ratio (DPR) is presently 63.68%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Evercore ISI upgraded Genuine Parts from an "in-line" rating to an "outperform" rating and boosted their target price for the company from $128.00 to $135.00 in a research note on Friday, April 4th. Northcoast Research downgraded Genuine Parts from a "buy" rating to a "neutral" rating in a report on Friday, January 17th. Loop Capital assumed 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 on the stock. Truist Financial boosted their target price on shares of Genuine Parts from $129.00 to $133.00 and gave the stock a "buy" rating in a research report on Wednesday, February 19th. Finally, The Goldman Sachs Group restated a "sell" rating and set a $114.00 price target (down previously from $133.00) on shares of Genuine Parts in a report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Genuine Parts presently has an average rating of "Hold" and an average target price of $135.88.

Genuine Parts 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.