Savant Capital LLC Has $261,000 Stake in Genuine Parts Co. (GPC)
Savant Capital LLC maintained its stake in Genuine Parts Co. (NYSE:GPC) during the second quarter, Holdings Channel reports. The firm owned 2,581 shares of the company’s stock at the end of the second quarter. Savant Capital LLC’s holdings in Genuine Parts were worth $261,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of GPC. Euclid Advisors LLC increased its position in shares of Genuine Parts by 4,294.3% in the first quarter. Euclid Advisors LLC now owns 263,218 shares of the company’s stock worth $26,153,000 after buying an additional 257,228 shares during the period. NN Investment Partners Holdings N.V. purchased a new position in shares of Genuine Parts during the first quarter worth about $100,000. Legal & General Group Plc increased its position in shares of Genuine Parts by 4.1% in the first quarter. Legal & General Group Plc now owns 681,445 shares of the company’s stock worth $67,702,000 after buying an additional 26,845 shares during the period. Creative Planning increased its position in shares of Genuine Parts by 5.8% in the second quarter. Creative Planning now owns 11,318 shares of the company’s stock worth $1,146,000 after buying an additional 616 shares during the period. Finally, British Columbia Investment Management Corp increased its position in shares of Genuine Parts by 8.3% in the second quarter. British Columbia Investment Management Corp now owns 58,192 shares of the company’s stock worth $5,892,000 after buying an additional 4,444 shares during the period. Institutional investors and hedge funds own 71.56% of the company’s stock.
Shares of Genuine Parts Co. (NYSE:GPC) traded down 0.96% during mid-day trading on Friday, reaching $98.27. 433,508 shares of the company’s stock were exchanged. Genuine Parts Co. has a one year low of $76.50 and a one year high of $105.97. The firm has a market capitalization of $14.63 billion, a P/E ratio of 21.22 and a beta of 0.92. The stock has a 50-day moving average of $100.65 and a 200 day moving average of $99.12.
Genuine Parts (NYSE:GPC) last issued its quarterly earnings results on Tuesday, July 19th. The company reported $1.28 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by $0.01. Genuine Parts had a net margin of 4.59% and a return on equity of 21.79%. The business had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the previous year, the business earned $1.28 earnings per share. On average, analysts forecast that Genuine Parts Co. will post $4.73 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Friday, September 9th were paid a dividend of $0.6575 per share. This represents a $2.63 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend was Wednesday, September 7th. Genuine Parts’s dividend payout ratio (DPR) is presently 56.68%.
A number of brokerages have recently issued reports on GPC. Zacks Investment Research upgraded shares of Genuine Parts from a “sell” rating to a “hold” rating and set a $115.00 price target on the stock in a research report on Friday, July 15th. Susquehanna began coverage on shares of Genuine Parts in a research report on Thursday, August 25th. They issued a “neutral” rating and a $102.00 price target on the stock. Gabelli downgraded shares of Genuine Parts from a “buy” rating to a “hold” rating and set a $106.00 price target on the stock. in a research report on Thursday, July 14th. Jefferies Group downgraded shares of Genuine Parts from a “buy” rating to a “hold” rating and set a $112.00 price target on the stock. in a research report on Friday, July 15th. Finally, Wedbush restated a “neutral” rating and issued a $98.00 price target on shares of Genuine Parts in a research report on Wednesday, July 20th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. Genuine Parts currently has a consensus rating of “Hold” and an average price target of $99.82.
Genuine Parts 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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