waypoint wealth counsel Purchases 100 Shares of Genuine Parts (NYSE:GPC)

waypoint wealth counsel boosted its position in shares of Genuine Parts (NYSE:GPC) by 4.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,456 shares of the specialty retailer’s stock after acquiring an additional 100 shares during the quarter. waypoint wealth counsel’s holdings in Genuine Parts were worth $340,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC increased its holdings in Genuine Parts by 10.3% during the fourth quarter. International Assets Investment Management LLC now owns 5,148 shares of the specialty retailer’s stock valued at $713,000 after buying an additional 480 shares during the last quarter. NewEdge Wealth LLC purchased a new stake in shares of Genuine Parts in the 4th quarter worth $217,000. Simplicity Solutions LLC raised its holdings in Genuine Parts by 19.2% in the 4th quarter. Simplicity Solutions LLC now owns 4,509 shares of the specialty retailer’s stock worth $624,000 after purchasing an additional 726 shares during the period. Louisiana State Employees Retirement System purchased a new position in Genuine Parts during the fourth quarter valued at $1,177,000. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Genuine Parts by 0.8% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 403,175 shares of the specialty retailer’s stock valued at $55,840,000 after purchasing an additional 3,222 shares during the period. Institutional investors own 78.83% of the company’s stock.

Genuine Parts Trading Up 0.2 %

Shares of GPC stock traded up $0.30 during trading hours on Friday, reaching $138.86. 624,101 shares of the stock were exchanged, compared to its average volume of 1,013,090. The company has a current ratio of 1.12, a quick ratio of 0.54 and a debt-to-equity ratio of 0.66. Genuine Parts has a 12-month low of $126.35 and a 12-month high of $164.45. The firm has a market capitalization of $19.34 billion, a price-to-earnings ratio of 15.48 and a beta of 0.92. The company’s 50-day moving average price is $138.79 and its 200-day moving average price is $146.25.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings data on Tuesday, July 23rd. The specialty retailer reported $2.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.59 by ($0.15). The business had revenue of $5.96 billion for the quarter, compared to analysts’ expectations of $6.03 billion. Genuine Parts had a net margin of 5.24% and a return on equity of 30.03%. Genuine Parts’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.44 EPS. As a group, equities analysts anticipate that Genuine Parts will post 9.36 earnings per share for the current year.

Insider Activity at Genuine Parts

In related news, Director Wendy B. Needham sold 3,000 shares of the 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 transaction, the director now owns 13,006 shares of the company’s stock, valued at $1,967,677.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.37% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have weighed in on GPC. UBS Group lowered their price target on shares of Genuine Parts from $165.00 to $150.00 and set a “neutral” rating on the stock in a report on Wednesday, July 3rd. Wedbush lowered their target price on shares of Genuine Parts from $170.00 to $145.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Evercore ISI cut their price target on Genuine Parts from $150.00 to $148.00 and set an “in-line” rating for the company in a research note on Wednesday, July 24th. Truist Financial decreased their price target on Genuine Parts from $183.00 to $164.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. Finally, The Goldman Sachs Group dropped their price objective on Genuine Parts from $166.00 to $162.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Genuine Parts has a consensus rating of “Hold” and a consensus price target of $161.14.

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.