Lindbrook Capital LLC Has $90,000 Holdings in Genuine Parts (NYSE:GPC)

Lindbrook Capital LLC lifted its stake in shares of Genuine Parts (NYSE:GPC) by 14.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 648 shares of the specialty retailer’s stock after buying an additional 84 shares during the period. Lindbrook Capital LLC’s holdings in Genuine Parts were worth $90,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of GPC. CWM LLC increased its holdings in shares of Genuine Parts by 13.4% during the third quarter. CWM LLC now owns 3,628 shares of the specialty retailer’s stock worth $524,000 after buying an additional 428 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Genuine Parts by 18.7% during the third quarter. SG Americas Securities LLC now owns 11,467 shares of the specialty retailer’s stock worth $1,656,000 after buying an additional 1,809 shares in the last quarter. RFG Advisory LLC acquired a new position in shares of Genuine Parts during the third quarter worth $227,000. DAVENPORT & Co LLC increased its holdings in shares of Genuine Parts by 4.6% during the third quarter. DAVENPORT & Co LLC now owns 6,099 shares of the specialty retailer’s stock worth $881,000 after buying an additional 269 shares in the last quarter. Finally, Avior Wealth Management LLC increased its holdings in Genuine Parts by 51.9% in the third quarter. Avior Wealth Management LLC now owns 483 shares of the specialty retailer’s stock valued at $70,000 after purchasing an additional 165 shares during the period. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Genuine Parts

In related news, Director Wendy B. Needham sold 3,250 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $154.92, for a total value of $503,490.00. Following the transaction, the director now 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 SEC, which is available through this hyperlink. 0.37% of the stock is owned by insiders.

Genuine Parts Price Performance

GPC stock opened at $161.80 on Thursday. Genuine Parts has a 1 year low of $126.35 and a 1 year high of $174.91. The stock has a market capitalization of $22.54 billion, a PE ratio of 18.04 and a beta of 0.94. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.14 and a quick ratio of 0.59. The company’s 50-day moving average is $151.08 and its 200-day moving average is $142.62.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings results on Thursday, April 18th. The specialty retailer reported $2.22 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.07. Genuine Parts had a net margin of 5.46% and a return on equity of 30.92%. The business had revenue of $5.78 billion for the quarter, compared to analysts’ expectations of $5.84 billion. During the same quarter last year, the firm earned $2.14 EPS. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. Equities research analysts expect that Genuine Parts will post 9.89 EPS for the current fiscal year.

Genuine Parts Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were given a $1.00 dividend. This is a boost from Genuine Parts’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, February 29th. This represents a $4.00 annualized dividend and a yield of 2.47%. Genuine Parts’s dividend payout ratio (DPR) is presently 44.59%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. StockNews.com upgraded Genuine Parts from a “hold” rating to a “buy” rating in a report on Friday, April 5th. Evercore ISI decreased their price target on Genuine Parts from $160.00 to $155.00 and set an “in-line” rating for the company in a report on Tuesday, April 16th. Jefferies Financial Group increased their price target on Genuine Parts from $150.00 to $170.00 and gave the stock a “hold” rating in a report on Friday, April 19th. Wedbush reiterated a “neutral” rating and set a $170.00 price target (up from $140.00) on shares of Genuine Parts in a report on Friday, April 19th. Finally, Truist Financial increased their price target on Genuine Parts from $167.00 to $183.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Genuine Parts currently has a consensus rating of “Hold” and a consensus target price of $173.10.

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.