Genuine Parts (NYSE:GPC) Holdings Decreased by Rodgers Brothers Inc.

Rodgers Brothers Inc. trimmed its position in Genuine Parts (NYSE:GPC) by 47.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,977 shares of the specialty retailer’s stock after selling 14,420 shares during the quarter. Rodgers Brothers Inc.’s holdings in Genuine Parts were worth $1,847,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC boosted its position in Genuine Parts by 179.3% during the 1st quarter. Hexagon Capital Partners LLC now owns 243 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 156 shares during the period. E Fund Management Co. Ltd. acquired a new position in Genuine Parts during the 1st quarter valued at approximately $29,000. IronBridge Private Wealth LLC acquired a new position in Genuine Parts during the 4th quarter valued at approximately $26,000. Penserra Capital Management LLC boosted its position in Genuine Parts by 49.5% during the 4th quarter. Penserra Capital Management LLC now owns 305 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 101 shares during the period. Finally, Marshall Wace North America L.P. acquired a new position in Genuine Parts during the 1st quarter valued at approximately $44,000. Institutional investors and hedge funds own 75.08% of the company’s stock.

GPC stock traded down $1.29 during trading on Thursday, reaching $127.88. 18,359 shares of the company’s stock were exchanged, compared to its average volume of 509,278. The company has a current ratio of 1.21, a quick ratio of 0.64 and a debt-to-equity ratio of 0.74. Genuine Parts has a 1-year low of $87.04 and a 1-year high of $135.93. The company has a fifty day simple moving average of $128.47. The stock has a market capitalization of $18.47 billion, a price-to-earnings ratio of 379.92, a PEG ratio of 2.96 and a beta of 1.11.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings data on Wednesday, April 21st. The specialty retailer reported $1.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.36. The business had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.30 billion. Genuine Parts had a return on equity of 27.80% and a net margin of 0.31%. The company’s revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.92 earnings per share. On average, analysts anticipate that Genuine Parts will post 6.08 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 1st. Stockholders of record on Friday, June 4th were issued a $0.815 dividend. The ex-dividend date of this dividend was Thursday, June 3rd. This represents a $3.26 annualized dividend and a dividend yield of 2.55%. Genuine Parts’s dividend payout ratio (DPR) is 61.86%.

A number of research analysts recently issued reports on GPC shares. Royal Bank of Canada boosted their price objective on Genuine Parts from $115.00 to $129.00 and gave the company a “sector perform” rating in a research report on Friday, April 23rd. Evercore ISI restated a “hold” rating on shares of Genuine Parts in a research report on Sunday, April 25th. TheStreet upgraded Genuine Parts from a “c+” rating to a “b” rating in a research report on Monday, April 26th. Zacks Investment Research upgraded Genuine Parts from a “hold” rating to a “buy” rating and set a $125.00 price target for the company in a research report on Tuesday, April 20th. Finally, JPMorgan Chase & Co. boosted their price target on Genuine Parts from $115.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, April 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $127.50.

In other news, insider Kevin Herron sold 2,500 shares of the company’s stock in a transaction on Friday, May 21st. The stock was sold at an average price of $132.31, for a total value of $330,775.00. Following the completion of the sale, the insider now owns 13,754 shares in the company, valued at $1,819,791.74. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.50% of the company’s stock.

Genuine Parts Company Profile

Genuine Parts Co engages in the distribution of automotive and industrial replacement parts. It operates through the following segments: Automotive Parts Group and Industrial Parts Group. The Automotive Parts Group segment distributes replacement parts, other than body parts for substantially all makes and models of automobiles, trucks, and other vehicles.

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

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