Jensen Investment Management Inc. cut its stake in shares of Genuine Parts Company (NYSE:GPC) by 2.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 4,280 shares of the company’s stock after selling 110 shares during the period. Jensen Investment Management Inc.’s holdings in Genuine Parts Company were worth $433,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in GPC. RPg Family Wealth Advisory LLC boosted its position in shares of Genuine Parts Company by 0.8% in the first quarter. RPg Family Wealth Advisory LLC now owns 1,008 shares of the company’s stock valued at $100,000 after buying an additional 8 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new position in shares of Genuine Parts Company during the first quarter valued at $100,000. Checchi Capital Advisers LLC boosted its position in shares of Genuine Parts Company by 2.4% in the second quarter. Checchi Capital Advisers LLC now owns 1,679 shares of the company’s stock valued at $170,000 after buying an additional 40 shares in the last quarter. Trust Co. of Vermont boosted its position in shares of Genuine Parts Company by 45.2% in the second quarter. Trust Co. of Vermont now owns 1,885 shares of the company’s stock valued at $191,000 after buying an additional 587 shares in the last quarter. Finally, Mariner Wealth Advisors LLC bought a new position in shares of Genuine Parts Company during the first quarter valued at $214,000. 71.56% of the stock is owned by hedge funds and other institutional investors.

Genuine Parts Company (NYSE:GPC) traded up 1.54% during midday trading on Thursday, hitting $101.47. The company’s stock had a trading volume of 824,650 shares. The company has a market cap of $15.11 billion, a PE ratio of 21.92 and a beta of 0.92. The stock has a 50 day moving average of $101.25 and a 200 day moving average of $98.81. Genuine Parts Company has a 52-week low of $76.50 and a 52-week high of $105.97.

Genuine Parts Company (NYSE:GPC) last posted its earnings results on Tuesday, July 19th. The company reported $1.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by $0.01. The company had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $3.97 billion. Genuine Parts Company had a return on equity of 21.79% and a net margin of 4.59%. During the same quarter in the prior year, the company earned $1.28 EPS. On average, equities analysts expect that Genuine Parts Company will post $4.73 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Friday, September 9th will be given a dividend of $0.6575 per share. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $2.63 annualized dividend and a dividend yield of 2.59%. Genuine Parts Company’s dividend payout ratio is currently 56.68%.

Several brokerages have weighed in on GPC. Zacks Investment Research raised Genuine Parts Company from a “sell” rating to a “hold” rating and set a $115.00 price objective for the company in a report on Friday, July 15th. Argus reiterated a “buy” rating and issued a $108.00 price target (up previously from $106.00) on shares of Genuine Parts Company in a research note on Monday, July 25th. Wedbush reiterated a “neutral” rating and issued a $98.00 price target on shares of Genuine Parts Company in a research note on Wednesday, July 20th. Jefferies Group lowered Genuine Parts Company from a “buy” rating to a “hold” rating and set a $112.00 price target on the stock. in a research note on Friday, July 15th. Finally, Gabelli lowered Genuine Parts Company from a “buy” rating to a “hold” rating and set a $106.00 price target on the stock. in a research note on Thursday, July 14th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $99.82.

Genuine Parts Company Company Profile

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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