Teachers Retirement System of The State of Kentucky Has $1.27 Million Holdings in Genuine Parts (NYSE:GPC)

Teachers Retirement System of The State of Kentucky trimmed its position in Genuine Parts (NYSE:GPCGet Rating) by 4.2% in the first quarter, HoldingsChannel reports. The firm owned 10,104 shares of the specialty retailer’s stock after selling 439 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Genuine Parts were worth $1,273,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Genuine Parts by 2.9% in the first quarter. Vanguard Group Inc. now owns 17,088,101 shares of the specialty retailer’s stock worth $2,153,442,000 after buying an additional 481,039 shares during the last quarter. BlackRock Inc. boosted its stake in Genuine Parts by 1.2% during the first quarter. BlackRock Inc. now owns 12,843,268 shares of the specialty retailer’s stock valued at $1,618,508,000 after buying an additional 154,559 shares during the period. State Street Corp boosted its stake in Genuine Parts by 3.6% during the fourth quarter. State Street Corp now owns 8,081,541 shares of the specialty retailer’s stock valued at $1,139,431,000 after buying an additional 284,554 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Genuine Parts by 4.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,860,574 shares of the specialty retailer’s stock worth $612,531,000 after purchasing an additional 185,529 shares during the last quarter. Finally, Truist Financial Corp lifted its stake in Genuine Parts by 1.9% during the first quarter. Truist Financial Corp now owns 1,671,536 shares of the specialty retailer’s stock worth $210,647,000 after purchasing an additional 31,593 shares during the last quarter. 78.27% of the stock is owned by institutional investors.

Genuine Parts Trading Down 0.8 %

NYSE:GPC opened at $154.32 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.17 and a quick ratio of 0.58. The firm has a market capitalization of $21.83 billion, a price-to-earnings ratio of 19.99, a price-to-earnings-growth ratio of 1.97 and a beta of 0.97. Genuine Parts has a one year low of $115.63 and a one year high of $164.99. The business has a fifty day moving average price of $153.93 and a 200-day moving average price of $139.63.

Genuine Parts (NYSE:GPCGet Rating) last posted its quarterly earnings data on Wednesday, July 27th. The specialty retailer reported $2.20 EPS for the quarter, topping the consensus estimate of $2.03 by $0.17. Genuine Parts had a return on equity of 31.67% and a net margin of 5.38%. The firm had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.30 billion. During the same period in the prior year, the business posted $1.74 EPS. Genuine Parts’s revenue was up 17.1% on a year-over-year basis. Sell-side analysts forecast that Genuine Parts will post 7.97 EPS for the current year.

Genuine Parts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Friday, September 2nd will be paid a $0.895 dividend. The ex-dividend date is Thursday, September 1st. This represents a $3.58 dividend on an annualized basis and a yield of 2.32%. Genuine Parts’s payout ratio is presently 46.37%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on GPC shares. StockNews.com upgraded Genuine Parts from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 17th. Evercore ISI lowered their price objective on Genuine Parts to $135.00 in a research report on Thursday, June 9th. Finally, Wedbush upped their price objective on Genuine Parts from $140.00 to $150.00 in a research report on Thursday, July 28th. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Genuine Parts presently has a consensus rating of “Hold” and an average price target of $140.20.

Genuine Parts Company Profile

(Get Rating)

Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials. It operates through 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 accessory and supply items used by various automotive aftermarket customers, such as repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, industrial concerns, and individuals.

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Institutional Ownership by Quarter for Genuine Parts (NYSE:GPC)

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