Stolper Co Makes New Investment in Genuine Parts (NYSE:GPC)

Stolper Co purchased a new position in shares of Genuine Parts (NYSE:GPC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 44,485 shares of the specialty retailer's stock, valued at approximately $5,194,000. Genuine Parts comprises about 1.7% of Stolper Co's portfolio, making the stock its 23rd largest position.

A number of other large investors have also modified their holdings of the company. Quantinno Capital Management LP increased its stake in 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. Miramar Capital LLC grew its holdings in shares of Genuine Parts by 9.8% in the 3rd quarter. Miramar Capital LLC now owns 87,802 shares of the specialty retailer's stock worth $12,264,000 after acquiring an additional 7,845 shares during the last quarter. Conning Inc. lifted its stake in Genuine Parts by 8.2% during the third quarter. Conning Inc. now owns 261,303 shares of the specialty retailer's stock valued at $36,499,000 after buying an additional 19,795 shares in the last quarter. WD Rutherford LLC lifted its position in shares of Genuine Parts by 4,265.9% in the 3rd quarter. WD Rutherford LLC now owns 7,422 shares of the specialty retailer's stock valued at $1,037,000 after acquiring an additional 7,252 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its stake in Genuine Parts by 23.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 303,676 shares of the specialty retailer's stock worth $42,417,000 after purchasing an additional 56,776 shares during the period. Institutional investors and hedge funds own 78.83% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on GPC. Truist Financial reduced their target price on Genuine Parts from $164.00 to $129.00 and set a "buy" rating for the company in a report on Wednesday, October 23rd. Wedbush decreased their target price on shares of Genuine Parts from $145.00 to $120.00 and set a "neutral" rating for the company in a research note on Wednesday, October 23rd. UBS Group dropped 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 note on Wednesday, October 23rd. Loop Capital initiated coverage on Genuine Parts in a research note on Thursday. They issued a "buy" rating and a $155.00 target price on the stock. Finally, The Goldman Sachs Group cut their price target on Genuine Parts from $162.00 to $138.00 and set a "neutral" rating for the company in a research note on Wednesday, October 23rd. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Genuine Parts currently has a consensus rating of "Hold" and an average price target of $141.50.

Insiders Place Their Bets

In other Genuine Parts news, Director Wendy B. Needham sold 1,608 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $120.78, for a total value of $194,214.24. Following the sale, the director now directly owns 11,357 shares in the company, valued at approximately $1,371,698.46. This trade represents a 12.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.37% of the company's stock.

Genuine Parts Price Performance

Genuine Parts stock traded up $1.89 during trading hours on Thursday, hitting $119.27. 738,716 shares of the stock were exchanged, compared to its average volume of 1,073,237. Genuine Parts has a 12 month low of $112.74 and a 12 month high of $164.45. The business's 50-day moving average is $120.84 and its two-hundred day moving average is $130.61. 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 stock has a market capitalization of $16.58 billion, a P/E ratio of 15.35 and a beta of 0.95.

Genuine Parts (NYSE:GPC - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The specialty retailer reported $1.88 EPS for the quarter, missing analysts' consensus estimates of $2.42 by ($0.54). Genuine Parts had a net margin of 4.67% and a return on equity of 27.23%. The firm had revenue of $6 billion during the quarter, compared to the consensus estimate of $5.94 billion. During the same quarter in the previous year, the business posted $2.49 earnings per share. The firm's quarterly revenue was up 3.0% on a year-over-year basis. Equities research analysts expect that Genuine Parts will post 8.09 EPS for the current fiscal year.

Genuine Parts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date was Friday, December 6th. Genuine Parts's dividend payout ratio (DPR) is 51.48%.

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.