Steward Partners Investment Advisory LLC Has $1.53 Million Stock Holdings in Genuine Parts (NYSE:GPC)

Steward Partners Investment Advisory LLC raised its holdings in Genuine Parts (NYSE:GPC) by 18.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,118 shares of the specialty retailer’s stock after buying an additional 2,063 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Genuine Parts were worth $1,532,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in GPC. Ashton Thomas Securities LLC bought a new position in Genuine Parts during the third quarter worth $26,000. Kestra Investment Management LLC acquired a new stake in Genuine Parts in the 4th quarter worth $28,000. First Command Advisory Services Inc. bought a new position in shares of Genuine Parts during the 4th quarter worth about $28,000. Compass Planning Associates Inc acquired a new position in shares of Genuine Parts during the fourth quarter valued at about $29,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Genuine Parts in the third quarter valued at about $31,000. 78.83% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on GPC. Truist Financial raised their target price on Genuine Parts from $129.00 to $133.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Evercore ISI decreased their price target on Genuine Parts from $128.00 to $125.00 and set an “in-line” rating on the stock in a research report on Wednesday, February 19th. Northcoast Research cut shares of Genuine Parts from a “buy” rating to a “neutral” rating in a research report on Friday, January 17th. Redburn Atlantic raised Genuine Parts to a “hold” rating in a research note on Monday, November 11th. Finally, Loop Capital started coverage on shares of Genuine Parts in a research note on Thursday, January 16th. They issued a “buy” rating and a $155.00 price objective on the stock. Eight analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $137.63.

Genuine Parts Stock Performance

Shares of GPC opened at $127.41 on Monday. Genuine Parts has a twelve month low of $112.74 and a twelve month high of $164.45. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.57 and a current ratio of 1.16. The firm’s 50 day moving average price is $119.74 and its two-hundred day moving average price is $125.97. The firm has a market cap of $17.68 billion, a P/E ratio of 19.69 and a beta of 0.93.

Genuine Parts (NYSE:GPC) last announced its earnings results on Tuesday, February 18th. The specialty retailer reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.07. Genuine Parts had a return on equity of 25.28% and a net margin of 3.85%. The business had revenue of $5.77 billion for the quarter, compared to analyst estimates of $5.71 billion. During the same quarter last year, the firm earned $2.26 EPS. On average, analysts forecast that Genuine Parts will post 7.9 EPS for the current fiscal year.

Genuine Parts Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be given 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 3.23%. Genuine Parts’s dividend payout ratio is 63.68%.

Insider Activity at Genuine Parts

In other Genuine Parts news, Director Wendy B. Needham sold 1,608 shares of Genuine Parts stock in a transaction on Friday, December 13th. The shares were sold at an average price of $120.78, for a total transaction of $194,214.24. Following the completion of the transaction, the director now directly owns 11,357 shares of the company’s stock, valued at $1,371,698.46. The trade was a 12.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.37% of the stock is owned by company insiders.

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.