Genuine Parts (NYSE:GPC) Shares Bought by TD Private Client Wealth LLC

TD Private Client Wealth LLC increased its stake in Genuine Parts (NYSE:GPC) by 29.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,310 shares of the specialty retailer’s stock after buying an additional 528 shares during the quarter. TD Private Client Wealth LLC’s holdings in Genuine Parts were worth $323,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GPC. Ashton Thomas Securities LLC acquired a new stake in shares of Genuine Parts in the 3rd quarter worth approximately $26,000. Capital Performance Advisors LLP acquired a new stake in Genuine Parts in the third quarter worth approximately $31,000. Concord Wealth Partners boosted its stake in Genuine Parts by 79.3% during the 3rd quarter. Concord Wealth Partners now owns 269 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 119 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of Genuine Parts during the 3rd quarter valued at $44,000. Finally, Rosenberg Matthew Hamilton raised its stake in shares of Genuine Parts by 92.2% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 371 shares of the specialty retailer’s stock worth $50,000 after buying an additional 178 shares in the last quarter. Institutional investors own 78.83% of the company’s stock.

Genuine Parts Trading Down 0.5 %

NYSE GPC opened at $121.22 on Friday. The firm’s 50 day moving average price is $125.55 and its two-hundred day moving average price is $134.55. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.57 and a current ratio of 1.17. Genuine Parts has a twelve month low of $112.74 and a twelve month high of $164.45. The stock has a market cap of $16.85 billion, a price-to-earnings ratio of 15.60 and a beta of 0.94.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings results on Tuesday, October 22nd. The specialty retailer reported $1.88 earnings per share for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.54). The business had revenue of $6 billion for the quarter, compared to analysts’ expectations of $5.94 billion. Genuine Parts had a net margin of 4.67% and a return on equity of 27.23%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.49 EPS. Equities analysts anticipate that Genuine Parts will post 8.09 EPS for the current year.

Genuine Parts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 6th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 3.30%. The ex-dividend date is Friday, December 6th. Genuine Parts’s dividend payout ratio is currently 51.48%.

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 sale, the director now owns 11,357 shares of the company’s stock, valued at $1,371,698.46. This trade represents a 12.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.37% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. StockNews.com lowered Genuine Parts from a “buy” rating to a “hold” rating in a report on Wednesday, October 16th. Evercore ISI boosted their target price on shares of Genuine Parts from $155.00 to $160.00 and gave the stock an “in-line” rating in a report on Tuesday, October 22nd. Redburn Atlantic upgraded shares of Genuine Parts to a “hold” rating in a report on Monday, November 11th. UBS Group dropped their price target on Genuine Parts from $145.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. reduced their price objective on Genuine Parts from $162.00 to $135.00 and set an “overweight” rating for the company in a research note on Tuesday, October 22nd. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $139.57.

Genuine Parts Company 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.