TFG Advisers LLC Sells 155 Shares of Genuine Parts (NYSE:GPC)

TFG Advisers LLC cut its stake in Genuine Parts (NYSE:GPC) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,276 shares of the specialty retailer’s stock after selling 155 shares during the period. TFG Advisers LLC’s holdings in Genuine Parts were worth $266,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of GPC. Ashton Thomas Securities LLC bought a new position in Genuine Parts in the 3rd quarter worth approximately $26,000. Capital Performance Advisors LLP acquired a new stake in shares of Genuine Parts in the 3rd quarter valued at $31,000. Synergy Asset Management LLC acquired a new stake in shares of Genuine Parts in the 4th quarter valued at $32,000. Concord Wealth Partners lifted its stake in shares of Genuine Parts by 79.3% during the third quarter. Concord Wealth Partners now owns 269 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 119 shares during the period. Finally, Catalyst Capital Advisors LLC bought a new position in Genuine Parts in the third quarter valued at about $44,000. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GPC has been the subject of several recent research reports. Redburn Atlantic raised Genuine Parts to a “hold” rating in a report on Monday, November 11th. Truist Financial cut their price objective on shares of Genuine Parts from $164.00 to $129.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. StockNews.com lowered shares of Genuine Parts from a “buy” rating to a “hold” rating in a report on Wednesday, October 16th. Evercore ISI increased their price target on Genuine Parts from $155.00 to $160.00 and gave the company an “in-line” rating in a research note on Tuesday, October 22nd. Finally, Wedbush decreased their price objective on Genuine Parts from $145.00 to $120.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Eight analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $141.50.

Insider Transactions at Genuine Parts

In related news, Director Wendy B. Needham sold 1,608 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 11,357 shares of the company’s stock, valued at approximately $1,371,698.46. This represents a 12.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.37% of the stock is currently owned by insiders.

Genuine Parts Price Performance

GPC opened at $117.77 on Friday. The stock has a market cap of $16.37 billion, a P/E ratio of 15.16 and a beta of 0.94. Genuine Parts has a 12 month low of $112.74 and a 12 month high of $164.45. The company has a quick ratio of 0.57, a current ratio of 1.17 and a debt-to-equity ratio of 0.81. The company has a fifty day simple moving average of $118.70 and a 200 day simple moving average of $128.47.

Genuine Parts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th were issued a $1.00 dividend. The ex-dividend date was Friday, December 6th. This represents a $4.00 annualized dividend and a dividend yield of 3.40%. Genuine Parts’s dividend payout ratio (DPR) is currently 51.48%.

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.