Cozad Asset Management Inc. Has $1.32 Million Stock Holdings in Genuine Parts (NYSE:GPC)

Cozad Asset Management Inc. lessened its holdings in shares of Genuine Parts (NYSE:GPC) by 5.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 11,301 shares of the specialty retailer’s stock after selling 700 shares during the period. Cozad Asset Management Inc.’s holdings in Genuine Parts were worth $1,320,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Kestra Investment Management LLC acquired a new position in shares of Genuine Parts during the 4th quarter worth about $28,000. First Command Advisory Services Inc. acquired a new position in Genuine Parts in the 4th quarter valued at approximately $28,000. Compass Planning Associates Inc acquired a new position in Genuine Parts in the 4th quarter valued at approximately $29,000. Synergy Asset Management LLC acquired a new position in Genuine Parts in the 4th quarter valued at approximately $32,000. Finally, OFI Invest Asset Management acquired a new position in Genuine Parts in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 78.83% of the company’s stock.

Wall Street Analysts Forecast Growth

GPC has been the subject of several recent research reports. Northcoast Research cut Genuine Parts from a “buy” rating to a “neutral” rating in a report on Friday, January 17th. Evercore ISI cut their price target on Genuine Parts from $128.00 to $125.00 and set an “in-line” rating for the company in a report on Wednesday, February 19th. Loop Capital initiated coverage on Genuine Parts in a report on Thursday, January 16th. They issued a “buy” rating and a $155.00 price target for the company. Finally, Truist Financial upped their price objective on Genuine Parts from $129.00 to $133.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. Eight equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Genuine Parts presently has an average rating of “Hold” and an average target price of $137.63.

Genuine Parts Stock Up 1.3 %

NYSE GPC opened at $123.60 on Tuesday. The firm has a market cap of $17.15 billion, a PE ratio of 19.10 and a beta of 0.93. Genuine Parts has a one year low of $112.74 and a one year high of $164.45. The stock’s 50 day simple moving average is $120.53 and its 200 day simple moving average is $125.16. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.16 and a quick ratio of 0.57.

Genuine Parts (NYSE:GPC) last released its quarterly earnings results on Tuesday, February 18th. The specialty retailer reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.07. The business had revenue of $5.77 billion for the quarter, compared to analyst estimates of $5.71 billion. Genuine Parts had a return on equity of 25.28% and a net margin of 3.85%. During the same period in the prior year, the company earned $2.26 EPS. As a group, sell-side analysts forecast that Genuine Parts will post 7.9 earnings per share 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. Investors of record on Friday, March 7th will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Genuine Parts’s previous quarterly dividend of $1.00. This represents a $4.12 dividend on an annualized basis and a yield of 3.33%. Genuine Parts’s dividend payout ratio is 63.68%.

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.