Genuine Parts (NYSE:GPC) Shares Sold by First Affirmative Financial Network

First Affirmative Financial Network trimmed its stake in shares of Genuine Parts (NYSE:GPC) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,069 shares of the specialty retailer’s stock after selling 88 shares during the quarter. First Affirmative Financial Network’s holdings in Genuine Parts were worth $242,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC bought a new position in shares of Genuine Parts during the third quarter worth about $26,000. Capital Performance Advisors LLP acquired a new stake in Genuine Parts during the third quarter worth about $31,000. Concord Wealth Partners lifted its holdings in Genuine Parts by 79.3% in the third quarter. Concord Wealth Partners now owns 269 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 119 shares during the last quarter. Synergy Asset Management LLC bought a new position in shares of Genuine Parts during the fourth quarter valued at approximately $32,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Genuine Parts during the 3rd quarter worth approximately $44,000. 78.83% of the stock is owned by institutional investors and hedge funds.

Genuine Parts Trading Up 1.5 %

Genuine Parts stock opened at $118.12 on Friday. The firm’s 50 day moving average price is $119.88 and its two-hundred day moving average price is $129.44. The firm has a market cap of $16.42 billion, a price-to-earnings ratio of 15.20 and a beta of 0.95. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.57 and a current ratio of 1.17. Genuine Parts has a 1 year low of $112.74 and a 1 year high of $164.45.

Genuine Parts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 3.39%. The ex-dividend date was Friday, December 6th. Genuine Parts’s dividend payout ratio (DPR) is currently 51.48%.

Insider Transactions at Genuine Parts

In other news, Director Wendy B. Needham sold 1,608 shares of Genuine Parts stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $120.78, for a total transaction of $194,214.24. Following the completion of the sale, the director now directly owns 11,357 shares in the company, valued at $1,371,698.46. The trade was a 12.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.37% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on GPC shares. Evercore ISI upped their price objective on Genuine Parts from $155.00 to $160.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 22nd. UBS Group dropped their price target on shares of Genuine Parts from $145.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Wedbush decreased their target price on shares of Genuine Parts from $145.00 to $120.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. StockNews.com downgraded shares of Genuine Parts from a “buy” rating to a “hold” rating in a research report on Wednesday, October 16th. Finally, The Goldman Sachs Group lowered their price objective on shares of Genuine Parts from $162.00 to $138.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Eight investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $141.50.

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.