GW Henssler & Associates Ltd. Acquires New Position in Genuine Parts Company (GPC)
GW Henssler & Associates Ltd. acquired a new stake in shares of Genuine Parts Company (NYSE:GPC) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,396 shares of the specialty retailer’s stock, valued at approximately $229,000.
A number of other large investors have also modified their holdings of GPC. FMR LLC boosted its stake in Genuine Parts by 86.0% in the 1st quarter. FMR LLC now owns 160,973 shares of the specialty retailer’s stock worth $14,875,000 after buying an additional 74,448 shares during the last quarter. Thrivent Financial For Lutherans boosted its stake in Genuine Parts by 12.7% in the 1st quarter. Thrivent Financial For Lutherans now owns 5,960 shares of the specialty retailer’s stock worth $552,000 after buying an additional 670 shares during the last quarter. Beacon Financial Group boosted its stake in Genuine Parts by 1.2% in the 2nd quarter. Beacon Financial Group now owns 57,727 shares of the specialty retailer’s stock worth $5,260,000 after buying an additional 700 shares during the last quarter. Capstone Asset Management Co. boosted its stake in Genuine Parts by 0.5% in the 2nd quarter. Capstone Asset Management Co. now owns 82,173 shares of the specialty retailer’s stock worth $7,622,000 after buying an additional 374 shares during the last quarter. Finally, Iberiabank Corp boosted its stake in Genuine Parts by 2.4% in the 2nd quarter. Iberiabank Corp now owns 36,258 shares of the specialty retailer’s stock worth $3,363,000 after buying an additional 862 shares during the last quarter. 73.92% of the stock is currently owned by hedge funds and other institutional investors.
Genuine Parts Company (NYSE:GPC) traded up $0.73 during trading on Friday, hitting $86.29. The stock had a trading volume of 169,295 shares, compared to its average volume of 841,084. The stock has a market cap of $12,620.00, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 3.28 and a beta of 1.11. The company has a current ratio of 1.32, a quick ratio of 0.62 and a debt-to-equity ratio of 0.16. Genuine Parts Company has a 52 week low of $79.86 and a 52 week high of $100.90.
Genuine Parts (NYSE:GPC) last released its quarterly earnings data on Thursday, October 19th. The specialty retailer reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.12). The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $4.10 billion. Genuine Parts had a return on equity of 20.49% and a net margin of 4.16%. The business’s revenue for the quarter was down 72.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.24 earnings per share. analysts expect that Genuine Parts Company will post 4.58 EPS for the current fiscal year.
Genuine Parts declared that its board has approved a share repurchase program on Monday, August 21st that permits the company to repurchase 15,000,000 outstanding shares. This repurchase authorization permits the specialty retailer to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.
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GPC has been the topic of a number of research analyst reports. Gabelli raised Genuine Parts from a “hold” rating to a “buy” rating and set a $101.00 price target on the stock in a research note on Friday, July 21st. Jefferies Group LLC reissued a “hold” rating and issued a $95.00 price target on shares of Genuine Parts in a research note on Sunday, September 10th. Zacks Investment Research raised Genuine Parts from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Royal Bank Of Canada decreased their price target on Genuine Parts from $98.00 to $95.00 and set a “sector perform” rating on the stock in a research note on Friday, October 20th. Finally, BidaskClub raised Genuine Parts from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $96.00.
About Genuine Parts
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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