Genuine Parts (GPC) Holdings Trimmed by Blair William & Co. IL
Blair William & Co. IL lowered its holdings in shares of Genuine Parts (NYSE:GPC) by 3.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,557 shares of the specialty retailer’s stock after selling 561 shares during the quarter. Blair William & Co. IL’s holdings in Genuine Parts were worth $1,546,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in GPC. Ffcm LLC increased its position in shares of Genuine Parts by 43.4% during the 3rd quarter. Ffcm LLC now owns 14,322 shares of the specialty retailer’s stock valued at $108,000 after purchasing an additional 4,332 shares during the last quarter. NumerixS Investment Technologies Inc purchased a new stake in shares of Genuine Parts during the 2nd quarter valued at about $110,000. Piedmont Investment Advisors LLC purchased a new stake in shares of Genuine Parts during the 2nd quarter valued at about $158,000. Wedbush Securities Inc. purchased a new stake in shares of Genuine Parts during the 2nd quarter valued at about $201,000. Finally, Resource Management LLC purchased a new stake in shares of Genuine Parts during the 2nd quarter valued at about $201,000. 80.55% of the stock is owned by hedge funds and other institutional investors.
GPC has been the subject of several research reports. Zacks Investment Research lowered shares of Genuine Parts from a “hold” rating to a “sell” rating in a research report on Wednesday, September 19th. ValuEngine raised shares of Genuine Parts from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. Finally, Bank of America lowered shares of Genuine Parts from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a research report on Tuesday, October 30th. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $104.60.
Genuine Parts (NYSE:GPC) last announced its quarterly earnings data on Thursday, October 18th. The specialty retailer reported $1.48 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.48. The company had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.71 billion. Genuine Parts had a return on equity of 22.54% and a net margin of 3.99%. The firm’s revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.16 EPS. On average, sell-side analysts expect that Genuine Parts will post 5.65 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Friday, December 7th will be paid a dividend of $0.72 per share. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.89%. Genuine Parts’s dividend payout ratio (DPR) is presently 62.07%.
In related news, Director John R. Holder acquired 500 shares of the business’s stock in a transaction that occurred on Monday, November 26th. The stock was bought at an average cost of $100.81 per share, for a total transaction of $50,405.00. Following the purchase, the director now owns 7,058 shares in the company, valued at approximately $711,516.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.10% of the company’s stock.
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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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