AQR Capital Management LLC increased its position in shares of Genuine Parts Company (NYSE:GPC) by 1.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,260 shares of the specialty retailer’s stock after buying an additional 1,146 shares during the period. AQR Capital Management LLC owned 0.06% of Genuine Parts worth $7,879,000 as of its most recent filing with the SEC.
A number of other hedge funds have also added to or reduced their stakes in the stock. TLP Group LLC purchased a new stake in shares of Genuine Parts during the first quarter worth about $379,000. Union Bankshares Corp increased its stake in shares of Genuine Parts by 1.6% in the first quarter. Union Bankshares Corp now owns 38,733 shares of the specialty retailer’s stock worth $3,579,000 after buying an additional 623 shares in the last quarter. Integrated Wealth Management increased its stake in shares of Genuine Parts by 2.0% in the first quarter. Integrated Wealth Management now owns 2,618 shares of the specialty retailer’s stock worth $242,000 after buying an additional 52 shares in the last quarter. Hartford Financial Management Inc. increased its stake in shares of Genuine Parts by 0.9% in the first quarter. Hartford Financial Management Inc. now owns 17,166 shares of the specialty retailer’s stock worth $1,586,000 after buying an additional 150 shares in the last quarter. Finally, Hutner Capital Management Inc. increased its stake in shares of Genuine Parts by 3.3% in the first quarter. Hutner Capital Management Inc. now owns 23,344 shares of the specialty retailer’s stock worth $2,157,000 after buying an additional 739 shares in the last quarter. Institutional investors own 73.21% of the company’s stock.
Genuine Parts Company (NYSE GPC) traded down 0.27% on Friday, reaching $83.88. 524,531 shares of the company’s stock were exchanged. Genuine Parts Company has a 1-year low of $80.86 and a 1-year high of $105.18. The stock’s 50 day moving average price is $87.69 and its 200 day moving average price is $92.39. The firm has a market capitalization of $12.32 billion, a price-to-earnings ratio of 18.16 and a beta of 1.04.
Genuine Parts (NYSE:GPC) last announced its quarterly earnings data on Thursday, July 20th. The specialty retailer reported $1.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by $0.02. The firm had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.05 billion. Genuine Parts had a return on equity of 21.05% and a net margin of 4.37%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.28 earnings per share. On average, analysts expect that Genuine Parts Company will post $4.73 earnings per share for the current year.
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A number of brokerages have recently issued reports on GPC. BidaskClub raised shares of Genuine Parts from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $104.00 price target (up previously from $98.00) on shares of Genuine Parts in a research report on Saturday, April 22nd. Zacks Investment Research cut shares of Genuine Parts from a “hold” rating to a “sell” rating in a research report on Friday, April 21st. Royal Bank Of Canada raised their price target on shares of Genuine Parts from $94.00 to $96.00 and gave the company a “sector perform” rating in a research report on Thursday, April 20th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $95.00 price target on shares of Genuine Parts in a research report on Tuesday, April 18th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Genuine Parts presently has a consensus rating of “Hold” and a consensus price target of $96.86.
Genuine Parts Company Profile
Genuine Parts Company is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. The Company’s segments include Automotive, Industrial, Office Products Group, Electrical/Electronic Materials and Other.
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