Virtu Financial LLC Buys 6,487 Shares of Genuine Parts (NYSE:GPC)

Virtu Financial LLC increased its position in Genuine Parts (NYSE:GPC - Free Report) by 414.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,053 shares of the specialty retailer's stock after purchasing an additional 6,487 shares during the quarter. Virtu Financial LLC's holdings in Genuine Parts were worth $940,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of GPC. Millstone Evans Group LLC acquired a new stake in shares of Genuine Parts in the fourth quarter valued at approximately $25,000. Lee Danner & Bass Inc. bought a new stake in Genuine Parts in the 4th quarter valued at $52,000. OLD Point Trust & Financial Services N A lifted its holdings in Genuine Parts by 11.6% during the 4th quarter. OLD Point Trust & Financial Services N A now owns 3,860 shares of the specialty retailer's stock valued at $451,000 after purchasing an additional 400 shares during the last quarter. Blueshift Asset Management LLC boosted its position in Genuine Parts by 25.8% during the fourth quarter. Blueshift Asset Management LLC now owns 16,818 shares of the specialty retailer's stock worth $1,964,000 after purchasing an additional 3,444 shares during the period. Finally, Royal London Asset Management Ltd. increased its holdings in shares of Genuine Parts by 2.4% in the fourth quarter. Royal London Asset Management Ltd. now owns 58,596 shares of the specialty retailer's stock valued at $6,842,000 after purchasing an additional 1,354 shares during the last quarter. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Genuine Parts Price Performance

Shares of GPC traded up $2.08 during trading hours on Thursday, hitting $120.54. 2,353,533 shares of the company were exchanged, compared to its average volume of 1,161,943. The company has a market cap of $16.73 billion, a price-to-earnings ratio of 18.63 and a beta of 0.93. The firm's fifty day moving average is $121.10 and its 200 day moving average is $124.31. Genuine Parts has a fifty-two week low of $112.74 and a fifty-two week 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.

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Genuine Parts (NYSE:GPC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The specialty retailer reported $1.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.54 by $0.07. Genuine Parts had a net margin of 3.85% and a return on equity of 25.28%. The firm had revenue of $5.77 billion for the quarter, compared to the consensus estimate of $5.71 billion. During the same period in the prior year, the company posted $2.26 earnings per share. On average, equities analysts anticipate that Genuine Parts will post 7.9 earnings per share for the current fiscal year.

Genuine Parts Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be paid a dividend of $1.03 per share. The ex-dividend date is Friday, March 7th. This is a boost from Genuine Parts's previous quarterly dividend of $1.00. This represents a $4.12 annualized dividend and a yield of 3.42%. Genuine Parts's dividend payout ratio is presently 63.68%.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Northcoast Research lowered shares of Genuine Parts from a "buy" rating to a "neutral" rating in a research note on Friday, January 17th. Loop Capital initiated coverage on Genuine Parts in a report on Thursday, January 16th. They set a "buy" rating and a $155.00 price objective for the company. Evercore ISI lowered their target price on Genuine Parts from $128.00 to $125.00 and set an "in-line" rating on the stock in a research note on Wednesday, February 19th. Finally, Truist Financial boosted their price target on Genuine Parts from $129.00 to $133.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. Eight equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Genuine Parts currently has a consensus rating of "Hold" and a consensus target price of $137.63.

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.