Bank OZK Has $261,000 Stake in Genuine Parts (NYSE:GPC)

Bank OZK decreased its stake in shares of Genuine Parts (NYSE:GPC) by 6.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,232 shares of the specialty retailer’s stock after selling 163 shares during the quarter. Bank OZK’s holdings in Genuine Parts were worth $261,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in shares of Genuine Parts during the 3rd quarter worth approximately $26,000. Kestra Investment Management LLC acquired a new stake in shares of Genuine Parts during the 4th quarter worth approximately $28,000. First Command Advisory Services Inc. acquired a new stake in shares of Genuine Parts during the 4th quarter worth approximately $28,000. Compass Planning Associates Inc acquired a new stake in shares of Genuine Parts during the 4th quarter worth approximately $29,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Genuine Parts during the 3rd quarter worth approximately $31,000. Institutional investors and hedge funds own 78.83% of the company’s stock.

Insider Transactions at Genuine Parts

In other news, Director Wendy B. Needham sold 1,608 shares of Genuine Parts stock in a transaction on Friday, December 13th. The stock was sold at an average price of $120.78, for a total transaction of $194,214.24. Following 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Northcoast Research cut Genuine Parts from a “buy” rating to a “neutral” rating in a report on Friday, January 17th. Evercore ISI cut their target price on Genuine Parts from $128.00 to $125.00 and set an “in-line” rating on the stock in a report on Wednesday, February 19th. Loop Capital assumed coverage on Genuine Parts in a report on Thursday, January 16th. They issued a “buy” rating and a $155.00 target price on the stock. Redburn Atlantic upgraded Genuine Parts to a “hold” rating in a report on Monday, November 11th. Finally, Truist Financial increased their target price on Genuine Parts from $129.00 to $133.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Eight equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $137.63.

Genuine Parts Price Performance

Shares of NYSE:GPC opened at $125.02 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.57 and a debt-to-equity ratio of 0.86. The stock’s fifty day simple moving average is $118.94 and its two-hundred day simple moving average is $126.65. Genuine Parts has a 1-year low of $112.74 and a 1-year high of $164.45. The stock has a market cap of $17.35 billion, a PE ratio of 19.32 and a beta of 0.94.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings data on Tuesday, February 18th. The specialty retailer reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.07. The business had revenue of $5.77 billion for the quarter, compared to analysts’ expectations of $5.71 billion. Genuine Parts had a return on equity of 25.28% and a net margin of 3.85%. During the same period last year, the business earned $2.26 EPS. As a group, analysts forecast that Genuine Parts will post 7.9 EPS for the current fiscal year.

Genuine Parts Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.30%. This is a boost from Genuine Parts’s previous quarterly dividend of $1.00. The ex-dividend date is Friday, March 7th. Genuine Parts’s payout ratio is presently 63.68%.

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.