Genuine Parts Co. (NYSE:GPC) saw unusually-strong trading volume on Tuesday . Approximately 976,790 shares were traded during mid-day trading, an increase of 28% from the previous session’s volume of 763,773 shares.The stock last traded at $99.72 and had previously closed at $101.98.

Several research analysts have weighed in on GPC shares. Zacks Investment Research downgraded Genuine Parts from a “hold” rating to a “sell” rating in a research note on Tuesday, June 21st. Gabelli downgraded Genuine Parts from a “buy” rating to a “hold” rating and set a $106.00 target price on the stock. in a research note on Thursday, July 14th. Sterne Agee CRT downgraded Genuine Parts from a “buy” rating to a “neutral” rating in a research note on Monday, April 4th. Jefferies Group downgraded Genuine Parts from a “buy” rating to a “hold” rating and set a $112.00 target price on the stock. in a research note on Friday. Finally, Wedbush reiterated a “neutral” rating and issued a $91.00 target price (down from $98.00) on shares of Genuine Parts in a research note on Wednesday, April 20th. Two research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $97.89.

The stock has a 50-day moving average of $99.20 and a 200 day moving average of $93.77. The stock has a market capitalization of $14.92 billion and a PE ratio of 21.53.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings data on Tuesday, July 19th. The company reported $1.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by $0.02. During the same quarter in the prior year, the firm earned $1.28 EPS. The business earned $3.90 billion during the quarter, compared to analysts’ expectations of $3.97 billion. Equities analysts predict that Genuine Parts Co. will post $4.76 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Friday, June 3rd were paid a dividend of $0.6575 per share. This represents a $2.63 annualized dividend and a yield of 2.64%. The ex-dividend date was Wednesday, June 1st.

Other hedge funds recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. boosted its stake in shares of Genuine Parts by 12.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 12,546 shares of the company’s stock worth $1,078,000 after buying an additional 1,400 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Genuine Parts by 22.0% in the fourth quarter. Victory Capital Management Inc. now owns 12,656 shares of the company’s stock worth $1,087,000 after buying an additional 2,280 shares during the last quarter. Advantus Capital Management Inc boosted its stake in shares of Genuine Parts by 1.3% in the fourth quarter. Advantus Capital Management Inc now owns 14,407 shares of the company’s stock worth $1,237,000 after buying an additional 179 shares during the last quarter. Girard Partners LTD. boosted its stake in shares of Genuine Parts by 23.0% in the fourth quarter. Girard Partners LTD. now owns 14,686 shares of the company’s stock worth $1,261,000 after buying an additional 2,749 shares during the last quarter. Finally, KBC Group NV boosted its stake in shares of Genuine Parts by 1.6% in the fourth quarter. KBC Group NV now owns 16,156 shares of the company’s stock worth $1,388,000 after buying an additional 260 shares during the last quarter.

Genuine Parts Company is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. The Company’s segments include Automotive, Industrial, Office Products Group, Electrical/Electronic Materials and Other.

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