ORG Partners LLC Decreases Stock Holdings in Genuine Parts (NYSE:GPC)

ORG Partners LLC decreased its holdings in Genuine Parts (NYSE:GPC) by 27.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,787 shares of the specialty retailer’s stock after selling 671 shares during the quarter. ORG Partners LLC’s holdings in Genuine Parts were worth $248,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Genuine Parts by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 17,088,101 shares of the specialty retailer’s stock valued at $2,153,442,000 after purchasing an additional 481,039 shares during the period. State Street Corp grew its stake in shares of Genuine Parts by 2.4% during the 1st quarter. State Street Corp now owns 7,189,643 shares of the specialty retailer’s stock valued at $1,209,476,000 after purchasing an additional 171,000 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Genuine Parts by 4.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,860,574 shares of the specialty retailer’s stock valued at $612,531,000 after purchasing an additional 185,529 shares during the period. Geode Capital Management LLC grew its stake in shares of Genuine Parts by 1.3% during the 1st quarter. Geode Capital Management LLC now owns 2,977,671 shares of the specialty retailer’s stock valued at $497,089,000 after purchasing an additional 36,774 shares during the period. Finally, Imprint Wealth LLC grew its stake in shares of Genuine Parts by 16,507.5% during the 2nd quarter. Imprint Wealth LLC now owns 2,611,194 shares of the specialty retailer’s stock valued at $261,119,000 after purchasing an additional 2,595,471 shares during the period. 78.83% of the stock is currently owned by institutional investors.

Insider Transactions at Genuine Parts

In other news, Director Wendy B. Needham sold 3,250 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $154.92, for a total transaction of $503,490.00. Following the sale, the director now directly owns 14,397 shares of the company’s stock, valued at approximately $2,230,383.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on GPC shares. StockNews.com upgraded Genuine Parts from a “hold” rating to a “buy” rating in a research note on Friday, April 5th. Evercore ISI boosted their price objective on Genuine Parts from $155.00 to $160.00 and gave the company an “in-line” rating in a research note on Tuesday, March 26th. Wedbush reiterated a “neutral” rating and set a $140.00 price objective on shares of Genuine Parts in a research note on Friday, February 16th. Finally, Truist Financial reiterated a “buy” rating and set a $167.00 price objective on shares of Genuine Parts in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Genuine Parts presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.89.

Genuine Parts Trading Down 0.5 %

GPC stock opened at $145.38 on Friday. The company has a market capitalization of $20.27 billion, a price-to-earnings ratio of 15.58 and a beta of 0.94. Genuine Parts has a 1-year low of $126.35 and a 1-year high of $174.91. The business has a 50 day simple moving average of $149.38 and a two-hundred day simple moving average of $142.07. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.23 and a quick ratio of 0.63.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings data on Thursday, February 15th. The specialty retailer reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.06. The business had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.64 billion. Genuine Parts had a return on equity of 31.64% and a net margin of 5.70%. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.05 EPS. Research analysts anticipate that Genuine Parts will post 9.76 EPS for the current fiscal year.

Genuine Parts Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.75%. This is a boost from Genuine Parts’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, February 29th. Genuine Parts’s dividend payout ratio is 42.87%.

About Genuine Parts

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.