Rahlfs Capital LLC Makes New $837,000 Investment in Genuine Parts (NYSE:GPC)

Rahlfs Capital LLC purchased a new stake in Genuine Parts (NYSE:GPC - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 7,165 shares of the specialty retailer's stock, valued at approximately $837,000.

A number of other large investors also recently made changes to their positions in the business. Millstone Evans Group LLC acquired a new stake in shares of Genuine Parts during the 4th quarter worth $25,000. Kestra Investment Management LLC acquired a new stake in Genuine Parts during the fourth quarter worth about $28,000. First Command Advisory Services Inc. purchased a new position in shares of Genuine Parts in the 4th quarter worth about $28,000. Compass Planning Associates Inc purchased a new stake in shares of Genuine Parts during the 4th quarter worth about $29,000. Finally, Synergy Asset Management LLC acquired a new stake in Genuine Parts during the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 78.83% of the company's stock.

Genuine Parts Stock Down 0.5 %

Shares of GPC traded down $0.57 during trading on Thursday, reaching $113.41. The company's stock had a trading volume of 780,468 shares, compared to its average volume of 1,247,252. Genuine Parts has a twelve month low of $104.01 and a twelve month high of $164.45. The company has a quick ratio of 0.57, a current ratio of 1.16 and a debt-to-equity ratio of 0.86. The company has a market cap of $15.74 billion, a price-to-earnings ratio of 17.43 and a beta of 0.82. The company has a fifty day moving average of $120.38 and a two-hundred day moving average of $122.57.

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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, beating analysts' consensus estimates of $1.54 by $0.07. The firm had revenue of $5.77 billion for the quarter, compared to the consensus estimate of $5.71 billion. Genuine Parts had a net margin of 3.85% and a return on equity of 25.28%. During the same period in the prior year, the firm posted $2.26 EPS. On average, sell-side analysts predict that Genuine Parts will post 7.9 EPS for the current fiscal year.

Genuine Parts Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date was Friday, March 7th. This is an increase from Genuine Parts's previous quarterly dividend of $1.00. Genuine Parts's dividend payout ratio (DPR) is currently 63.68%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GPC. The Goldman Sachs Group reaffirmed a "sell" rating and set a $114.00 price target (down from $133.00) on shares of Genuine Parts in a research report on Tuesday, April 1st. Truist Financial upped their price target 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. Loop Capital assumed coverage on Genuine Parts in a research note on Thursday, January 16th. They set a "buy" rating and a $155.00 price objective on the stock. Evercore ISI upgraded Genuine Parts from an "in-line" rating to an "outperform" rating and increased their target price for the company from $128.00 to $135.00 in a research note on Friday, April 4th. Finally, Northcoast Research downgraded Genuine Parts from a "buy" rating to a "neutral" rating in a report on Friday, January 17th. One equities 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat, Genuine Parts currently has a consensus rating of "Hold" and an average price target of $135.88.

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.