AQR Capital Management LLC Acquires 1,146 Shares of Genuine Parts Company (NYSE:GPC)

AQR Capital Management LLC boosted its stake 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. The firm 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 approximately 0.06% of Genuine Parts Company worth $7,879,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of the stock. Weaver C. Barksdale & Associates Inc. increased its position in shares of Genuine Parts Company by 56.4% in the first quarter. Weaver C. Barksdale & Associates Inc. now owns 15,119 shares of the specialty retailer’s stock valued at $1,397,000 after buying an additional 5,450 shares during the last quarter. Manning & Napier Advisors LLC increased its position in shares of Genuine Parts Company by 11.5% in the first quarter. Manning & Napier Advisors LLC now owns 30,280 shares of the specialty retailer’s stock valued at $2,797,000 after buying an additional 3,120 shares during the last quarter. Chevy Chase Trust Holdings Inc. increased its position in shares of Genuine Parts Company by 2.6% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 133,935 shares of the specialty retailer’s stock valued at $12,377,000 after buying an additional 3,392 shares during the last quarter. Park National Corp OH increased its position in shares of Genuine Parts Company by 8.1% in the first quarter. Park National Corp OH now owns 303,789 shares of the specialty retailer’s stock valued at $28,074,000 after buying an additional 22,695 shares during the last quarter. Finally, Beacon Financial Group increased its position in shares of Genuine Parts Company by 0.9% in the first quarter. Beacon Financial Group now owns 57,027 shares of the specialty retailer’s stock valued at $5,265,000 after buying an additional 520 shares during the last quarter. Institutional investors own 73.27% of the company’s stock.

Genuine Parts Company (NYSE:GPC) opened at 84.27 on Wednesday. The company has a market capitalization of $12.42 billion, a P/E ratio of 18.24 and a beta of 1.07. Genuine Parts Company has a 52 week low of $83.82 and a 52 week high of $105.97. The firm has a 50-day moving average of $92.14 and a 200-day moving average of $94.39.

Genuine Parts Company (NYSE:GPC) last issued its quarterly earnings data on Wednesday, April 19th. The specialty retailer reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.03. The business had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.85 billion. Genuine Parts Company had a net margin of 4.44% and a return on equity of 21.17%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.05 EPS. Analysts anticipate that Genuine Parts Company will post $4.79 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Stockholders of record on Friday, June 9th were paid a dividend of $0.675 per share. The ex-dividend date was Wednesday, June 7th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 3.20%. Genuine Parts Company’s dividend payout ratio (DPR) is presently 58.44%.

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Several equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of Genuine Parts Company from a “sell” rating to a “hold” rating in a report on Friday, March 17th. BidaskClub upgraded shares of Genuine Parts Company from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $104.00 price target (up from $98.00) on shares of Genuine Parts Company in a report on Saturday, April 22nd. Royal Bank Of Canada upped their price target on shares of Genuine Parts Company from $94.00 to $96.00 and gave the company a “sector perform” rating in a report on Thursday, April 20th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $95.00 price target on shares of Genuine Parts Company in a report on Tuesday, April 18th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $100.67.

Genuine Parts Company 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.

Institutional Ownership by Quarter for Genuine Parts Company (NYSE:GPC)

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