180 Wealth Advisors LLC Boosts Stock Position in Genuine Parts (NYSE:GPC)

180 Wealth Advisors LLC increased its stake in Genuine Parts (NYSE:GPC) by 3.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 3,037 shares of the specialty retailer’s stock after buying an additional 98 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Genuine Parts were worth $471,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Assetmark Inc. grew its holdings in Genuine Parts by 109.1% during the 4th quarter. Assetmark Inc. now owns 184 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 96 shares in the last quarter. Thompson Investment Management Inc. bought a new position in shares of Genuine Parts in the first quarter valued at approximately $35,000. Quarry LP grew its stake in Genuine Parts by 138.7% during the fourth quarter. Quarry LP now owns 284 shares of the specialty retailer’s stock valued at $39,000 after acquiring an additional 165 shares in the last quarter. Bruce G. Allen Investments LLC increased its holdings in Genuine Parts by 149.0% during the 1st quarter. Bruce G. Allen Investments LLC now owns 254 shares of the specialty retailer’s stock worth $39,000 after acquiring an additional 152 shares during the period. Finally, Orion Capital Management LLC purchased a new stake in Genuine Parts in the 3rd quarter worth approximately $42,000. 78.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Genuine Parts

In other news, Director Wendy B. Needham sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $151.29, for a total value of $453,870.00. Following the completion of the transaction, the director now owns 13,006 shares in the company, valued at approximately $1,967,677.74. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on GPC shares. Truist Financial boosted their price target on shares of Genuine Parts from $167.00 to $183.00 and gave the company a “buy” rating in a research report on Friday, April 19th. StockNews.com upgraded Genuine Parts from a “hold” rating to a “buy” rating in a research note on Friday, May 24th. Jefferies Financial Group raised their target price on shares of Genuine Parts from $150.00 to $170.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Evercore ISI increased their target price on Genuine Parts from $160.00 to $165.00 and gave the company an “in-line” rating in a research note on Thursday, June 20th. Finally, Wedbush reissued a “neutral” rating and set a $170.00 price target (up from $140.00) on shares of Genuine Parts in a research note on Friday, April 19th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $172.44.

Genuine Parts Trading Up 0.7 %

Shares of GPC traded up $0.94 during mid-day trading on Friday, hitting $138.34. 183,742 shares of the company’s stock traded hands, compared to its average volume of 983,733. The company has a quick ratio of 0.59, a current ratio of 1.14 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $19.27 billion, a P/E ratio of 15.40 and a beta of 0.92. The business’s 50-day moving average price is $149.03 and its 200-day moving average price is $146.43. Genuine Parts has a 1 year low of $126.35 and a 1 year high of $170.57.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings data on Thursday, April 18th. The specialty retailer reported $2.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.07. Genuine Parts had a net margin of 5.46% and a return on equity of 30.92%. The business 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 firm earned $2.14 EPS. The company’s quarterly revenue was up .3% compared to the same quarter last year. As a group, sell-side analysts forecast that Genuine Parts will post 9.92 EPS for the current fiscal year.

Genuine Parts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 7th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $4.00 annualized dividend and a yield of 2.89%. Genuine Parts’s dividend payout ratio (DPR) is presently 44.59%.

Genuine Parts 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.