S. R. Schill & Associates held its stake in Genuine Parts Company (NYSE:GPC) during the second quarter, Holdings Channel reports. The institutional investor owned 5,628 shares of the specialty retailer’s stock at the end of the second quarter. S. R. Schill & Associates’ holdings in Genuine Parts were worth $522,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of GPC. OLD Republic International Corp raised its stake in Genuine Parts by 23.9% in the second quarter. OLD Republic International Corp now owns 228,000 shares of the specialty retailer’s stock worth $21,149,000 after buying an additional 44,000 shares in the last quarter. Catalyst Capital Advisors LLC raised its stake in Genuine Parts by 1.8% in the second quarter. Catalyst Capital Advisors LLC now owns 42,380 shares of the specialty retailer’s stock worth $3,931,000 after buying an additional 739 shares in the last quarter. First Trust Advisors LP raised its stake in Genuine Parts by 5.7% in the second quarter. First Trust Advisors LP now owns 304,344 shares of the specialty retailer’s stock worth $28,231,000 after buying an additional 16,352 shares in the last quarter. OLD Dominion Capital Management Inc. raised its stake in Genuine Parts by 1.7% in the second quarter. OLD Dominion Capital Management Inc. now owns 6,788 shares of the specialty retailer’s stock worth $630,000 after buying an additional 116 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in Genuine Parts by 4.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 738,958 shares of the specialty retailer’s stock worth $68,546,000 after buying an additional 33,253 shares in the last quarter. Institutional investors own 73.28% of the company’s stock.

Genuine Parts Company (GPC) opened at 82.81 on Friday. The stock’s 50 day moving average price is $85.57 and its 200-day moving average price is $91.67. The firm has a market capitalization of $12.16 billion, a P/E ratio of 17.93 and a beta of 1.04. Genuine Parts Company has a 12 month low of $80.86 and a 12 month high of $105.18.

Genuine Parts (NYSE:GPC) last released its earnings results on Thursday, July 20th. The specialty retailer reported $1.29 EPS for the quarter, missing the Zacks’ consensus estimate of $1.31 by $0.02. The firm had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Genuine Parts had a net margin of 4.37% and a return on equity of 21.05%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.28 EPS. Equities analysts forecast that Genuine Parts Company will post $4.73 earnings per share for the current year.

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A number of research firms have weighed in on GPC. BidaskClub upgraded Genuine Parts from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research lowered Genuine Parts from a “hold” rating to a “strong sell” rating in a report on Monday, July 24th. Gabelli upgraded Genuine Parts from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a report on Friday, July 21st. Goldman Sachs Group, Inc. (The) lowered Genuine Parts from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $104.00 to $89.00 in a report on Thursday, July 6th. Finally, Wedbush restated a “neutral” rating on shares of Genuine Parts in a report on Thursday, July 6th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Genuine Parts currently has a consensus rating of “Hold” and an average price target of $96.86.

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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Institutional Ownership by Quarter for Genuine Parts (NYSE:GPC)

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