United Asset Strategies Inc. Sells 80 Shares of Genuine Parts (NYSE:GPC)

United Asset Strategies Inc. lessened its holdings in Genuine Parts (NYSE:GPCFree Report) by 1.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,059 shares of the specialty retailer’s stock after selling 80 shares during the quarter. United Asset Strategies Inc.’s holdings in Genuine Parts were worth $562,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Genuine Parts by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,056 shares of the specialty retailer’s stock worth $2,401,000 after buying an additional 1,180 shares in the last quarter. Cibc World Market Inc. lifted its stake in shares of Genuine Parts by 14.8% during the 1st quarter. Cibc World Market Inc. now owns 2,740 shares of the specialty retailer’s stock worth $345,000 after purchasing an additional 354 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Genuine Parts by 9.4% during the 1st quarter. Sei Investments Co. now owns 50,928 shares of the specialty retailer’s stock worth $6,448,000 after purchasing an additional 4,372 shares during the last quarter. Aviva PLC lifted its stake in shares of Genuine Parts by 63.1% during the 1st quarter. Aviva PLC now owns 78,951 shares of the specialty retailer’s stock worth $9,949,000 after purchasing an additional 30,545 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in shares of Genuine Parts by 195.1% during the 1st quarter. Allianz Asset Management GmbH now owns 114,328 shares of the specialty retailer’s stock worth $14,408,000 after purchasing an additional 75,591 shares during the last quarter. Institutional investors own 78.83% of the company’s stock.

Insider Activity

In other news, Director Wendy B. Needham sold 3,250 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $154.92, for a total value of $503,490.00. Following the transaction, the director now owns 14,397 shares in the company, valued at $2,230,383.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

GPC has been the subject of a number of analyst reports. StockNews.com upgraded Genuine Parts from a “hold” rating to a “buy” rating in a research note on Friday, April 5th. Truist Financial restated a “buy” rating and set a $167.00 price objective on shares of Genuine Parts in a research note on Friday, April 12th. Wedbush reiterated a “neutral” rating and issued a $140.00 price target on shares of Genuine Parts in a research note on Friday, February 16th. Finally, Evercore ISI decreased their price target on Genuine Parts from $160.00 to $155.00 and set an “in-line” rating for the company in a research note on Tuesday. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Genuine Parts presently has an average rating of “Moderate Buy” and an average target price of $168.33.

Read Our Latest Stock Report on Genuine Parts

Genuine Parts Stock Down 0.3 %

Shares of GPC opened at $144.07 on Thursday. The company has a current ratio of 1.23, a quick ratio of 0.63 and a debt-to-equity ratio of 0.80. Genuine Parts has a 12 month low of $126.35 and a 12 month high of $174.91. The stock’s 50 day moving average is $149.56 and its two-hundred day moving average is $142.09. The firm has a market cap of $20.09 billion, a P/E ratio of 15.44 and a beta of 0.94.

Genuine Parts (NYSE:GPCGet Free Report) last issued its quarterly earnings data on Thursday, February 15th. The specialty retailer reported $2.26 EPS for the quarter, beating the consensus estimate of $2.20 by $0.06. The company had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.64 billion. Genuine Parts had a return on equity of 31.64% and a net margin of 5.70%. Genuine Parts’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period last year, the company earned $2.05 earnings per share. Analysts predict that Genuine Parts will post 9.76 earnings per share for the current fiscal year.

Genuine Parts Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.78%. The ex-dividend date was Thursday, February 29th. This is an increase from Genuine Parts’s previous quarterly dividend of $0.95. Genuine Parts’s dividend payout ratio (DPR) is 42.87%.

Genuine Parts Company Profile

(Free Report)

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.

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

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