Park National Corp OH Has $31.31 Million Holdings in Genuine Parts Company (GPC)

Park National Corp OH raised its holdings in shares of Genuine Parts Company (NYSE:GPC) by 1.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 327,343 shares of the specialty retailer’s stock after purchasing an additional 5,543 shares during the period. Genuine Parts accounts for 1.8% of Park National Corp OH’s portfolio, making the stock its 16th largest position. Park National Corp OH owned approximately 0.22% of Genuine Parts worth $31,310,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Sun Life Financial INC grew its holdings in shares of Genuine Parts by 15,400.0% during the second quarter. Sun Life Financial INC now owns 1,085 shares of the specialty retailer’s stock valued at $101,000 after buying an additional 1,078 shares during the last quarter. Global X Management Co. LLC grew its holdings in shares of Genuine Parts by 29.3% during the first quarter. Global X Management Co. LLC now owns 1,644 shares of the specialty retailer’s stock valued at $152,000 after buying an additional 373 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Genuine Parts by 151.1% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,906 shares of the specialty retailer’s stock valued at $177,000 after buying an additional 1,147 shares during the last quarter. QUANTRES ASSET MANAGEMENT Ltd purchased a new stake in shares of Genuine Parts during the first quarter valued at approximately $213,000. Finally, Parsec Financial Management Inc. purchased a new stake in shares of Genuine Parts during the second quarter valued at approximately $217,000. 74.41% of the stock is owned by institutional investors and hedge funds.

GPC has been the topic of a number of recent analyst reports. BidaskClub cut shares of Genuine Parts from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. Goldman Sachs Group, Inc. (The) cut shares of Genuine Parts from a “neutral” rating to a “sell” rating and cut their price target for the company from $104.00 to $89.00 in a report on Thursday, July 6th. Jefferies Group LLC reiterated a “hold” rating and set a $95.00 price target on shares of Genuine Parts in a report on Sunday, September 10th. Zacks Investment Research upgraded shares of Genuine Parts from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, Royal Bank Of Canada increased their price target on shares of Genuine Parts from $85.00 to $98.00 and gave the company a “sector perform” rating in a report on Tuesday, September 26th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $96.33.

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Genuine Parts Company (NYSE GPC) traded up 0.90% during midday trading on Tuesday, hitting $96.87. 187,516 shares of the stock were exchanged. The company has a market cap of $14.22 billion, a PE ratio of 20.97 and a beta of 1.10. Genuine Parts Company has a 12 month low of $79.86 and a 12 month high of $100.90. The firm’s 50 day moving average price is $89.69 and its 200 day moving average price is $89.08.

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

Genuine Parts declared that its Board of Directors has initiated a share buyback plan on Monday, August 21st that authorizes the company to buyback 15,000,000 outstanding shares. This buyback authorization authorizes the specialty retailer to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s m

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Sun Life Financial INC grew its holdings in shares of Genuine Parts by 15,400.0% during the second quarter. Sun Life Financial INC now owns 1,085 shares of the specialty retailer’s stock valued at $101,000 after buying an additional 1,078 shares during the last quarter. Global X Management Co. LLC grew its holdings in shares of Genuine Parts by 29.3% during the first quarter. Global X Management Co. LLC now owns 1,644 shares of the specialty retailer’s stock valued at $152,000 after buying an additional 373 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Genuine Parts by 151.1% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,906 shares of the specialty retailer’s stock valued at $177,000 after buying an additional 1,147 shares during the last quarter. QUANTRES ASSET MANAGEMENT Ltd purchased a new stake in shares of Genuine Parts during the first quarter valued at approximately $213,000. Finally, Parsec Financial Management Inc. purchased a new stake in shares of Genuine Parts during the second quarter valued at approximately $217,000. 74.41% of the stock is owned by institutional investors and hedge funds.

GPC has been the topic of a number of recent analyst reports. BidaskClub cut shares of Genuine Parts from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. Goldman Sachs Group, Inc. (The) cut shares of Genuine Parts from a “neutral” rating to a “sell” rating and cut their price target for the company from $104.00 to $89.00 in a report on Thursday, July 6th. Jefferies Group LLC reiterated a “hold” rating and set a $95.00 price target on shares of Genuine Parts in a report on Sunday, September 10th. Zacks Investment Research upgraded shares of Genuine Parts from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, Royal Bank Of Canada increased their price target on shares of Genuine Parts from $85.00 to $98.00 and gave the company a “sector perform” rating in a report on Tuesday, September 26th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $96.33.

ILLEGAL ACTIVITY WARNING: “Park National Corp OH Has $31.31 Million Holdings in Genuine Parts Company (GPC)” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this piece of content can be accessed at https://ledgergazette.com/2017/10/17/park-national-corp-oh-has-31-31-million-holdings-in-genuine-parts-company-gpc.html.

Genuine Parts Company (NYSE GPC) traded up 0.90% during midday trading on Tuesday, hitting $96.87. 187,516 shares of the stock were exchanged. The company has a market cap of $14.22 billion, a PE ratio of 20.97 and a beta of 1.10. Genuine Parts Company has a 12 month low of $79.86 and a 12 month high of $100.90. The firm’s 50 day moving average price is $89.69 and its 200 day moving average price is $89.08.

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

Genuine Parts declared that its Board of Directors has initiated a share buyback plan on Monday, August 21st that authorizes the company to buyback 15,000,000 outstanding shares. This buyback authorization authorizes the specialty retailer to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 8th were paid a dividend of $0.675 per share. The ex-dividend date was Thursday, September 7th. This represents a $2.70 annualized dividend and a dividend yield of 2.81%. Genuine Parts’s dividend payout ratio (DPR) is presently 58.32%.

Genuine Parts 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.

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

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