Tokio Marine Asset Management Co. Ltd. Has $537,000 Holdings in Genuine Parts (NYSE:GPC)

Tokio Marine Asset Management Co. Ltd. grew its holdings in Genuine Parts (NYSE:GPC) by 21.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,876 shares of the specialty retailer’s stock after acquiring an additional 687 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Genuine Parts were worth $537,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GPC. OFI Invest Asset Management acquired a new stake in shares of Genuine Parts in the third quarter valued at approximately $25,000. Briaud Financial Planning Inc acquired a new stake in shares of Genuine Parts in the third quarter valued at approximately $28,000. Milestone Investment Advisors LLC acquired a new stake in shares of Genuine Parts in the third quarter valued at approximately $28,000. Authentikos Wealth Advisory LLC acquired a new stake in shares of Genuine Parts in the third quarter valued at approximately $40,000. Finally, Orion Capital Management LLC acquired a new stake in shares of Genuine Parts in the third quarter valued at approximately $42,000. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GPC has been the topic of a number of recent research reports. Evercore ISI lowered their price objective on shares of Genuine Parts from $160.00 to $155.00 and set an “in-line” rating on the stock in a report on Tuesday, April 16th. Truist Financial boosted their target price on shares of Genuine Parts from $167.00 to $183.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Wedbush restated a “neutral” rating and set a $170.00 target price (up from $140.00) on shares of Genuine Parts in a report on Friday, April 19th. Jefferies Financial Group boosted their target price on shares of Genuine Parts from $150.00 to $170.00 and gave the stock a “hold” rating in a report on Friday, April 19th. Finally, StockNews.com upgraded shares of Genuine Parts from a “hold” rating to a “buy” rating in a report on Friday, April 5th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $173.10.

Insider Buying and Selling at Genuine Parts

In other Genuine Parts news, Director Wendy B. Needham sold 3,250 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $154.92, for a total value of $503,490.00. Following the transaction, the director now directly owns 14,397 shares in the company, valued at $2,230,383.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.37% of the company’s stock.

Genuine Parts Price Performance

NYSE:GPC opened at $159.93 on Friday. Genuine Parts has a one year low of $126.35 and a one year high of $174.91. The company has a market cap of $22.28 billion, a P/E ratio of 17.83 and a beta of 0.94. The firm’s fifty day moving average price is $152.13 and its two-hundred day moving average price is $142.95. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.14 and a quick ratio of 0.59.

Genuine Parts (NYSE:GPC) last released its quarterly earnings data on Thursday, April 18th. The specialty retailer reported $2.22 EPS for the quarter, beating the consensus estimate of $2.15 by $0.07. Genuine Parts had a net margin of 5.46% and a return on equity of 30.92%. The firm had revenue of $5.78 billion for the quarter, compared to the consensus estimate of $5.84 billion. During the same period in the previous year, the company earned $2.14 earnings per share. The company’s quarterly revenue was up .3% on a year-over-year basis. Equities analysts expect that Genuine Parts will post 9.89 earnings per share for the current year.

Genuine Parts Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were issued a $1.00 dividend. This is an increase from Genuine Parts’s previous quarterly dividend of $0.95. This represents a $4.00 annualized dividend and a dividend yield of 2.50%. The ex-dividend date was Thursday, February 29th. Genuine Parts’s payout ratio is currently 44.59%.

Genuine Parts Company Profile

Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials. It operates in two segments: Automotive Parts Group and Industrial Parts Group segments. The company distributes automotive replacement parts for hybrid and electric vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, marine equipment, and heavy duty equipment; and equipment and parts used by repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, and individuals.