Investors sold shares of Genuine Parts Co. (NYSE:GPC) on strength during trading hours on Friday. $7.67 million flowed into the stock on the tick-up and $23.21 million flowed out of the stock on the tick-down, for a money net flow of $15.54 million out of the stock. Of all companies tracked, Genuine Parts had the 0th highest net out-flow for the day. Genuine Parts traded up $0.44 for the day and closed at $103.80

A number of analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Genuine Parts from a “sell” rating to a “hold” rating and set a $115.00 target price on the stock in a research report on Friday, July 15th. Gabelli lowered shares of Genuine Parts from a “buy” rating to a “hold” rating and set a $106.00 target price on the stock. in a research report on Thursday, July 14th. Sterne Agee CRT restated a “neutral” rating on shares of Genuine Parts in a research report on Monday, May 16th. Jefferies Group lowered shares of Genuine Parts from a “buy” rating to a “hold” rating and set a $112.00 target price on the stock. in a research report on Friday, July 15th. Finally, Wedbush restated a “neutral” rating and set a $98.00 target price on shares of Genuine Parts in a research report on Wednesday, July 20th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $99.60.

The firm has a market cap of $15.46 billion and a price-to-earnings ratio of 22.42. The firm’s 50-day moving average is $102.04 and its 200-day moving average is $96.93.

Genuine Parts (NYSE:GPC) last released its quarterly earnings data on Tuesday, July 19th. The company reported $1.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.29 by $0.01. The business had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter in the previous year, the company posted $1.28 EPS. Equities research analysts forecast that Genuine Parts Co. will post $4.73 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Friday, September 9th will be paid a $0.6575 dividend. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $2.63 annualized dividend and a yield of 2.53%.

A number of hedge funds have bought and sold shares of the company. Victory Capital Management Inc. increased its stake in Genuine Parts by 22.0% in the fourth quarter. Victory Capital Management Inc. now owns 12,656 shares of the company’s stock valued at $1,087,000 after buying an additional 2,280 shares in the last quarter. Trexquant Investment LP acquired a new stake in Genuine Parts during the fourth quarter valued at approximately $1,612,000. American International Group Inc. increased its stake in Genuine Parts by 7.8% in the fourth quarter. American International Group Inc. now owns 182,722 shares of the company’s stock valued at $15,694,000 after buying an additional 13,277 shares in the last quarter. Principal Financial Group Inc. increased its stake in Genuine Parts by 1.5% in the fourth quarter. Principal Financial Group Inc. now owns 222,929 shares of the company’s stock valued at $19,147,000 after buying an additional 3,344 shares in the last quarter. Finally, I.G. Investment Management LTD. increased its stake in Genuine Parts by 58.3% in the fourth quarter. I.G. Investment Management LTD. now owns 285,000 shares of the company’s stock valued at $24,479,000 after buying an additional 105,000 shares in 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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