Genuine Parts (NYSE:GPC) Shares Purchased by Saturna Capital Corp

Saturna Capital Corp increased its holdings in Genuine Parts (NYSE:GPC) by 0.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 383,800 shares of the specialty retailer’s stock after buying an additional 1,800 shares during the period. Saturna Capital Corp owned about 0.28% of Genuine Parts worth $53,609,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. First Citizens Bank & Trust Co. boosted its stake in Genuine Parts by 4.9% in the second quarter. First Citizens Bank & Trust Co. now owns 1,616 shares of the specialty retailer’s stock valued at $224,000 after acquiring an additional 75 shares during the period. HBK Sorce Advisory LLC grew its stake in Genuine Parts by 1.8% during the 1st quarter. HBK Sorce Advisory LLC now owns 4,437 shares of the specialty retailer’s stock worth $689,000 after buying an additional 80 shares during the last quarter. Dover Advisors LLC grew its stake in Genuine Parts by 5.1% during the 2nd quarter. Dover Advisors LLC now owns 1,756 shares of the specialty retailer’s stock worth $243,000 after buying an additional 85 shares during the last quarter. Blackhawk Capital Partners LLC. increased its position in Genuine Parts by 1.3% in the second quarter. Blackhawk Capital Partners LLC. now owns 6,793 shares of the specialty retailer’s stock worth $940,000 after buying an additional 86 shares during the period. Finally, Valeo Financial Advisors LLC boosted its holdings in shares of Genuine Parts by 3.0% during the second quarter. Valeo Financial Advisors LLC now owns 3,173 shares of the specialty retailer’s stock valued at $439,000 after acquiring an additional 92 shares during the period. 78.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. StockNews.com cut shares of Genuine Parts from a “buy” rating to a “hold” rating in a report on Wednesday, October 16th. Wedbush cut their price target on Genuine Parts from $145.00 to $120.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. The Goldman Sachs Group decreased their price objective on Genuine Parts from $162.00 to $138.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. JPMorgan Chase & Co. cut their target price on Genuine Parts from $162.00 to $135.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 22nd. Finally, Redburn Atlantic raised Genuine Parts to a “hold” rating in a research note on Monday. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $139.57.

Genuine Parts Stock Down 1.4 %

GPC opened at $121.01 on Wednesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.57 and a current ratio of 1.17. The company has a market capitalization of $16.83 billion, a PE ratio of 15.79 and a beta of 0.92. The stock’s fifty day moving average is $131.64 and its 200-day moving average is $139.05. Genuine Parts has a one year low of $112.74 and a one year high of $164.45.

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

Genuine Parts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th were given a $1.00 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $4.00 annualized dividend and a yield of 3.31%. Genuine Parts’s dividend payout ratio (DPR) is 51.48%.

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.