B. Riley Wealth Advisors Inc. Has $1.74 Million Holdings in Genuine Parts (NYSE:GPC)

B. Riley Wealth Advisors Inc. lifted its holdings in shares of Genuine Parts (NYSE:GPC – Get Rating) by 5.1% during the third quarter, Holdings Channel.com reports. The firm owned 11,648 shares of the specialty retailer’s stock after acquiring an additional 569 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Genuine Parts were worth $1,739,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Genuine Parts by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,056 shares of the specialty retailer’s stock valued at $2,401,000 after buying an additional 1,180 shares during the period. Cibc World Market Inc. increased its stake in Genuine Parts by 14.8% in the first quarter. Cibc World Market Inc. now owns 2,740 shares of the specialty retailer’s stock valued at $345,000 after purchasing an additional 354 shares in the last quarter. Sei Investments Co. increased its stake in Genuine Parts by 9.4% in the first quarter. Sei Investments Co. now owns 50,928 shares of the specialty retailer’s stock valued at $6,448,000 after purchasing an additional 4,372 shares in the last quarter. Aviva PLC increased its stake in Genuine Parts by 63.1% in the first quarter. Aviva PLC now owns 78,951 shares of the specialty retailer’s stock valued at $9,949,000 after purchasing an additional 30,545 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its stake in Genuine Parts by 195.1% in the first quarter. Allianz Asset Management GmbH now owns 114,328 shares of the specialty retailer’s stock valued at $14,408,000 after purchasing an additional 75,591 shares in the last quarter. Institutional investors and hedge funds own 78.14% of the company’s stock.

Genuine Parts Trading Down 1.6 %

NYSE:GPC opened at $162.07 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.15 and a quick ratio of 0.57. The firm has a 50-day moving average of $169.98 and a 200-day moving average of $169.54. The company has a market cap of $22.82 billion, a PE ratio of 19.50, a PEG ratio of 1.82 and a beta of 0.90. Genuine Parts has a one year low of $124.85 and a one year high of $187.73.

Genuine Parts (NYSE:GPC – Get Rating) last issued its quarterly earnings data on Thursday, February 23rd. The specialty retailer reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.15. Genuine Parts had a net margin of 5.35% and a return on equity of 32.22%. The business had revenue of $5.52 billion during the quarter, compared to the consensus estimate of $5.33 billion. During the same period in the prior year, the firm posted $1.79 EPS. The firm’s quarterly revenue was up 15.0% compared to the same quarter last year. As a group, equities research analysts expect that Genuine Parts will post 8.93 EPS for the current fiscal year.

Genuine Parts Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Shareholders of record on Friday, March 3rd will be given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 2.34%. This is an increase from Genuine Parts’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend is Thursday, March 2nd. Genuine Parts’s dividend payout ratio is presently 45.73%.

Analyst Ratings Changes

Several research firms have weighed in on GPC. Truist Financial lifted their price target on shares of Genuine Parts from $170.00 to $186.00 and gave the company a “hold” rating in a research note on Friday, February 24th. StockNews.com began coverage on shares of Genuine Parts in a research note on Thursday. They issued a “buy” rating for the company. Wedbush reaffirmed a “neutral” rating on shares of Genuine Parts in a research note on Friday, February 24th. Finally, The Goldman Sachs Group lifted their price target on shares of Genuine Parts from $147.00 to $157.00 and gave the company a “sell” rating in a research note on Thursday, February 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $152.20.

Genuine Parts Company Profile

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Genuine Parts Co engages in the distribution of automotive and industrial replacement parts. It operates through the following segments: Automotive Parts Group, Industrial Parts Group, and Corporate. The Automotive Parts Group segment distributes replacement parts, other than body parts for substantially all makes and models of automobiles, trucks, and other vehicles.