Guggenheim Capital LLC increased its holdings in shares of Genuine Parts (NYSE:GPC) by 8.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 463,515 shares of the specialty retailer’s stock after purchasing an additional 34,301 shares during the period. Guggenheim Capital LLC owned 0.32% of Genuine Parts worth $44,037,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of GPC. Caisse DE Depot ET Placement DU Quebec grew its holdings in Genuine Parts by 44.6% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,758,715 shares of the specialty retailer’s stock worth $361,034,000 after purchasing an additional 1,160,200 shares during the period. Wells Fargo & Company MN grew its holdings in Genuine Parts by 43.7% during the third quarter. Wells Fargo & Company MN now owns 3,027,033 shares of the specialty retailer’s stock worth $289,536,000 after purchasing an additional 921,258 shares during the period. Amundi Pioneer Asset Management Inc. bought a new position in Genuine Parts during the third quarter worth about $17,809,000. Jane Street Group LLC grew its holdings in Genuine Parts by 208.5% during the third quarter. Jane Street Group LLC now owns 91,138 shares of the specialty retailer’s stock worth $8,717,000 after purchasing an additional 175,169 shares during the period. Finally, American Century Companies Inc. grew its holdings in Genuine Parts by 37.5% during the fourth quarter. American Century Companies Inc. now owns 453,726 shares of the specialty retailer’s stock worth $43,109,000 after purchasing an additional 123,628 shares during the period. Institutional investors and hedge funds own 75.31% of the company’s stock.
A number of equities analysts recently commented on GPC shares. Moffett Nathanson started coverage on Genuine Parts in a report on Monday, December 4th. They set a “sell” rating for the company. Zacks Investment Research upgraded Genuine Parts from a “hold” rating to a “buy” rating and set a $112.00 price target for the company in a report on Tuesday, February 6th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $107.00 price target (down previously from $114.00) on shares of Genuine Parts in a report on Wednesday, February 21st. Bank of America reduced their price target on Genuine Parts from $90.00 to $80.00 and set an “underperform” rating for the company in a report on Wednesday, February 21st. Finally, Royal Bank of Canada reduced their price target on Genuine Parts to $100.00 and set a “market perform” rating for the company in a report on Wednesday, February 21st. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Genuine Parts has an average rating of “Hold” and an average price target of $97.71.
Shares of Genuine Parts (NYSE GPC) opened at $90.78 on Friday. Genuine Parts has a 1-year low of $79.86 and a 1-year high of $107.75. The stock has a market capitalization of $13,320.60, a P/E ratio of 19.52, a PEG ratio of 2.39 and a beta of 1.22. The company has a current ratio of 1.34, a quick ratio of 0.65 and a debt-to-equity ratio of 0.74.
Genuine Parts (NYSE:GPC) last issued its quarterly earnings data on Tuesday, February 20th. The specialty retailer reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.01. Genuine Parts had a return on equity of 20.48% and a net margin of 3.78%. The company had revenue of $4.21 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the previous year, the company posted $1.02 earnings per share. The business’s revenue was up 11.3% on a year-over-year basis. equities research analysts expect that Genuine Parts will post 5.72 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Friday, March 9th will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date is Thursday, March 8th. This is a boost from Genuine Parts’s previous quarterly dividend of $0.68. Genuine Parts’s payout ratio is currently 68.90%.
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Genuine Parts Company 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.
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