Yousif Capital Management LLC Sells 2,433 Shares of Genuine Parts (NYSE:GPC)

Yousif Capital Management LLC lowered its position in Genuine Parts (NYSE:GPC) by 3.6% in the 4th quarter, Holdings Channel reports. The fund owned 65,891 shares of the specialty retailer’s stock after selling 2,433 shares during the quarter. Yousif Capital Management LLC’s holdings in Genuine Parts were worth $7,693,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new position in Genuine Parts in the third quarter worth $26,000. Capital Performance Advisors LLP purchased a new stake in shares of Genuine Parts in the 3rd quarter worth about $31,000. Concord Wealth Partners lifted its position in Genuine Parts by 79.3% during the 3rd quarter. Concord Wealth Partners now owns 269 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 119 shares during the period. Synergy Asset Management LLC bought a new stake in Genuine Parts during the fourth quarter worth about $32,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in Genuine Parts in the third quarter worth about $44,000. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Genuine Parts Price Performance

Shares of NYSE:GPC opened at $118.43 on Thursday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.57 and a current ratio of 1.17. The firm has a market cap of $16.47 billion, a price-to-earnings ratio of 15.24 and a beta of 0.94. The business has a 50-day simple moving average of $119.06 and a two-hundred day simple moving average of $128.68. Genuine Parts has a fifty-two week low of $112.74 and a fifty-two week high of $164.45.

Genuine Parts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were given a dividend of $1.00 per share. The ex-dividend date was Friday, December 6th. This represents a $4.00 dividend on an annualized basis and a yield of 3.38%. Genuine Parts’s dividend payout ratio (DPR) is 51.48%.

Insider Buying and Selling

In other Genuine Parts news, Director Wendy B. Needham sold 1,608 shares of the business’s stock in a transaction on Friday, December 13th. The shares were 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 approximately $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 is accessible through this hyperlink. 0.37% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

GPC has been the subject of several recent research reports. Loop Capital initiated coverage on shares of Genuine Parts in a report on Thursday, January 16th. They set a “buy” rating and a $155.00 target price for the company. JPMorgan Chase & Co. lowered their price objective on Genuine Parts from $162.00 to $135.00 and set an “overweight” rating for the company in a research note on Tuesday, October 22nd. Northcoast Research cut Genuine Parts from a “buy” rating to a “neutral” rating in a research note on Friday, January 17th. Redburn Atlantic raised Genuine Parts to a “hold” rating in a research report on Monday, November 11th. Finally, UBS Group cut their price objective on shares of Genuine Parts from $145.00 to $125.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Eight research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $141.50.

About Genuine Parts

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.