Genuine Parts (NYSE:GPC) Shares Acquired by Rowlandmiller & PARTNERS.ADV

Rowlandmiller & PARTNERS.ADV boosted its holdings in shares of Genuine Parts (NYSE:GPC) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,716 shares of the specialty retailer’s stock after purchasing an additional 162 shares during the period. Genuine Parts makes up approximately 1.4% of Rowlandmiller & PARTNERS.ADV’s holdings, making the stock its 21st biggest position. Rowlandmiller & PARTNERS.ADV’s holdings in Genuine Parts were worth $6,505,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Y Intercept Hong Kong Ltd raised its holdings in shares of Genuine Parts by 157.6% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 19,397 shares of the specialty retailer’s stock valued at $2,265,000 after acquiring an additional 11,867 shares during the period. Pinnacle Financial Partners Inc raised its holdings in shares of Genuine Parts by 2.5% during the fourth quarter. Pinnacle Financial Partners Inc now owns 4,630 shares of the specialty retailer’s stock valued at $541,000 after acquiring an additional 115 shares during the period. Sigma Planning Corp raised its holdings in shares of Genuine Parts by 20.5% during the fourth quarter. Sigma Planning Corp now owns 3,576 shares of the specialty retailer’s stock valued at $418,000 after acquiring an additional 608 shares during the period. Navellier & Associates Inc. raised its holdings in shares of Genuine Parts by 34.2% during the fourth quarter. Navellier & Associates Inc. now owns 4,516 shares of the specialty retailer’s stock valued at $527,000 after acquiring an additional 1,150 shares during the period. Finally, Hudson Edge Investment Partners Inc. raised its holdings in shares of Genuine Parts by 20.7% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 51,847 shares of the specialty retailer’s stock valued at $6,054,000 after acquiring an additional 8,875 shares during the period. 78.83% of the stock is owned by institutional investors and hedge funds.

Genuine Parts Stock Performance

Shares of GPC opened at $121.68 on Monday. The company’s fifty day moving average is $118.29 and its 200-day moving average is $126.99. Genuine Parts has a 12 month low of $112.74 and a 12 month high of $164.45. The firm has a market cap of $16.92 billion, a price-to-earnings ratio of 18.81 and a beta of 0.94. The company has a quick ratio of 0.57, a current ratio of 1.16 and a debt-to-equity ratio of 0.86.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings results on Tuesday, February 18th. The specialty retailer reported $1.61 EPS for the quarter, topping the consensus estimate of $1.54 by $0.07. Genuine Parts had a net margin of 3.85% and a return on equity of 25.28%. The company had revenue of $5.77 billion for the quarter, compared to analyst estimates of $5.71 billion. During the same quarter in the prior year, the business posted $2.26 EPS. Equities analysts expect that Genuine Parts will post 7.9 EPS for the current fiscal year.

Genuine Parts Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be paid a dividend of $1.03 per share. This is a positive change from Genuine Parts’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Friday, March 7th. This represents a $4.12 annualized dividend and a dividend yield of 3.39%. Genuine Parts’s dividend payout ratio is 63.68%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GPC. Northcoast Research lowered shares of Genuine Parts from a “buy” rating to a “neutral” rating in a report on Friday, January 17th. 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. Truist Financial upped their price objective on shares of Genuine Parts from $129.00 to $133.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. Redburn Atlantic upgraded shares of Genuine Parts to a “hold” rating in a research note on Monday, November 11th. Finally, Evercore ISI dropped their price objective on shares of Genuine Parts from $128.00 to $125.00 and set an “in-line” rating on the stock in a research note on Wednesday, February 19th. Eight investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $137.63.

Insider Buying and Selling

In related news, Director Wendy B. Needham sold 1,608 shares of the company’s 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 directly owns 11,357 shares of the company’s stock, valued at approximately $1,371,698.46. This represents a 12.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.37% of the stock is owned by insiders.

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.