Keybank National Association OH decreased its position in shares of Genuine Parts (NYSE:GPC) by 9.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 66,159 shares of the specialty retailer’s stock after selling 7,202 shares during the quarter. Keybank National Association OH’s holdings in Genuine Parts were worth $6,576,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of GPC. Camden National Bank boosted its position in Genuine Parts by 0.8% during the third quarter. Camden National Bank now owns 84,870 shares of the specialty retailer’s stock valued at $8,436,000 after purchasing an additional 650 shares in the last quarter. Norinchukin Bank The boosted its position in Genuine Parts by 19.9% during the third quarter. Norinchukin Bank The now owns 19,926 shares of the specialty retailer’s stock valued at $1,981,000 after purchasing an additional 3,301 shares in the last quarter. Commonwealth Bank of Australia boosted its position in Genuine Parts by 10.4% during the third quarter. Commonwealth Bank of Australia now owns 15,915 shares of the specialty retailer’s stock valued at $1,576,000 after purchasing an additional 1,500 shares in the last quarter. MML Investors Services LLC boosted its position in Genuine Parts by 17.9% during the third quarter. MML Investors Services LLC now owns 14,087 shares of the specialty retailer’s stock valued at $1,400,000 after purchasing an additional 2,140 shares in the last quarter. Finally, Montag A & Associates Inc. boosted its position in Genuine Parts by 3.4% during the third quarter. Montag A & Associates Inc. now owns 55,169 shares of the specialty retailer’s stock valued at $5,484,000 after purchasing an additional 1,797 shares in the last quarter. 75.11% of the stock is currently owned by institutional investors and hedge funds.

Genuine Parts stock opened at $99.52 on Wednesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.33 and a quick ratio of 0.71. Genuine Parts has a one year low of $85.27 and a one year high of $107.75. The stock has a market capitalization of $14.92 billion, a price-to-earnings ratio of 21.45, a price-to-earnings-growth ratio of 2.71 and a beta of 1.11.

Genuine Parts (NYSE:GPC) last released its quarterly earnings results on Thursday, October 18th. The specialty retailer reported $1.48 EPS for the quarter, meeting analysts’ consensus estimates of $1.48. Genuine Parts had a return on equity of 22.54% and a net margin of 3.99%. The company had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.71 billion. During the same period last year, the business posted $1.16 earnings per share. The firm’s revenue was up 15.3% compared to the same quarter last year. As a group, equities analysts predict that Genuine Parts will post 5.65 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Friday, December 7th will be paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Thursday, December 6th. Genuine Parts’s dividend payout ratio (DPR) is presently 62.07%.

A number of equities research analysts have commented on the company. ValuEngine upgraded Genuine Parts from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. Bank of America cut Genuine Parts from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a research note on Tuesday, October 30th. Finally, Zacks Investment Research cut Genuine Parts from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $104.60.

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Genuine Parts Company Profile

Genuine Parts Company distributes automotive replacement and industrial parts, electrical and electronic materials, and business products in the United States, Canada, Mexico, Australasia, France, the United Kingdom, Germany, and Poland. The company distributes automotive replacement parts for imported vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, and heavy duty equipment through 57 NAPA automotive parts distribution centers and 1,100 NAPA AUTO PARTS stores.

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

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