Genuine Parts (NYSE:GPC) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its stake in shares of Genuine Parts (NYSE:GPCFree Report) by 1.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 244,825 shares of the specialty retailer’s stock after buying an additional 2,349 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Genuine Parts were worth $35,349,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Genuine Parts by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 17,088,101 shares of the specialty retailer’s stock worth $2,153,442,000 after buying an additional 481,039 shares during the last quarter. State Street Corp grew its stake in Genuine Parts by 2.2% during the 2nd quarter. State Street Corp now owns 7,344,846 shares of the specialty retailer’s stock worth $1,249,779,000 after buying an additional 155,203 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Genuine Parts by 4.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,860,574 shares of the specialty retailer’s stock worth $612,531,000 after purchasing an additional 185,529 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Genuine Parts by 1.8% in the second quarter. Geode Capital Management LLC now owns 3,032,717 shares of the specialty retailer’s stock worth $511,903,000 after purchasing an additional 55,046 shares in the last quarter. Finally, Imprint Wealth LLC grew its stake in shares of Genuine Parts by 16,507.5% in the second quarter. Imprint Wealth LLC now owns 2,611,194 shares of the specialty retailer’s stock worth $261,119,000 after purchasing an additional 2,595,471 shares in the last quarter. 77.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GPC has been the subject of several recent analyst reports. The Goldman Sachs Group decreased their price target on Genuine Parts from $178.00 to $152.00 and set a “neutral” rating for the company in a research note on Friday, October 20th. UBS Group initiated coverage on Genuine Parts in a research note on Thursday, October 12th. They issued a “neutral” rating and a $160.00 price target for the company. Wedbush decreased their price target on Genuine Parts from $160.00 to $140.00 and set a “neutral” rating for the company in a research note on Friday, October 20th. JPMorgan Chase & Co. increased their price target on Genuine Parts from $184.00 to $189.00 and gave the stock an “overweight” rating in a research note on Monday, October 16th. Finally, Truist Financial cut their price objective on Genuine Parts from $172.00 to $155.00 and set a “buy” rating for the company in a report on Friday, October 20th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.11.

View Our Latest Stock Analysis on GPC

Genuine Parts Trading Down 1.6 %

Shares of NYSE GPC opened at $140.14 on Tuesday. Genuine Parts has a 12 month low of $126.35 and a 12 month high of $181.37. The company has a market cap of $19.65 billion, a price-to-earnings ratio of 15.85, a P/E/G ratio of 1.56 and a beta of 0.94. The company has a quick ratio of 0.58, a current ratio of 1.16 and a debt-to-equity ratio of 0.71. The business has a fifty day simple moving average of $138.46 and a 200-day simple moving average of $143.24.

Genuine Parts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 1st were issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend was Thursday, November 30th. Genuine Parts’s dividend payout ratio is 42.99%.

Genuine Parts Profile

(Free Report)

Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials. It operates through 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 accessory and supply items used by various automotive aftermarket customers, such as repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, and individuals.

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

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