Robinson Value Management Ltd. Takes $2.37 Million Position in Genuine Parts (NYSE:GPC)

Robinson Value Management Ltd. bought a new stake in shares of Genuine Parts (NYSE:GPC) in the fourth quarter, Holdings Channel reports. The fund bought 20,270 shares of the specialty retailer’s stock, valued at approximately $2,367,000. Genuine Parts comprises 1.6% of Robinson Value Management Ltd.’s portfolio, making the stock its 28th biggest holding.

A number of other institutional investors also recently modified their holdings of the business. Metis Global Partners LLC lifted its stake in shares of Genuine Parts by 1.9% during the 3rd quarter. Metis Global Partners LLC now owns 4,477 shares of the specialty retailer’s stock valued at $625,000 after buying an additional 85 shares in the last quarter. Guardian Wealth Advisors LLC raised its position in shares of Genuine Parts by 2.7% during the 3rd quarter. Guardian Wealth Advisors LLC now owns 3,464 shares of the specialty retailer’s stock valued at $484,000 after buying an additional 91 shares in the last quarter. Marco Investment Management LLC raised its position in shares of Genuine Parts by 1.2% during the 3rd quarter. Marco Investment Management LLC now owns 7,904 shares of the specialty retailer’s stock valued at $1,104,000 after buying an additional 91 shares in the last quarter. First Citizens Bank & Trust Co. raised its position in shares of Genuine Parts by 5.9% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 1,711 shares of the specialty retailer’s stock valued at $239,000 after buying an additional 95 shares in the last quarter. Finally, Hartford Financial Management Inc. raised its position in shares of Genuine Parts by 0.5% during the 4th quarter. Hartford Financial Management Inc. now owns 18,715 shares of the specialty retailer’s stock valued at $2,185,000 after buying an additional 99 shares in the last quarter. 78.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Genuine Parts

In other news, Director Wendy B. Needham sold 1,608 shares of Genuine Parts stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $120.78, for a total value of $194,214.24. Following the completion of the sale, the director now directly owns 11,357 shares in the company, valued at $1,371,698.46. The trade was a 12.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.37% of the company’s stock.

Wall Street Analyst Weigh In

GPC has been the topic of several research reports. Loop Capital initiated coverage on shares of Genuine Parts in a research report on Thursday, January 16th. They set a “buy” rating and a $155.00 price objective on the stock. Redburn Atlantic raised shares of Genuine Parts to a “hold” rating in a report on Monday, November 11th. StockNews.com lowered shares of Genuine Parts from a “buy” rating to a “hold” rating in a report on Wednesday, October 16th. Northcoast Research lowered shares of Genuine Parts from a “buy” rating to a “neutral” rating in a research note on Friday, January 17th. Finally, Wedbush cut their target price on shares of Genuine Parts from $145.00 to $120.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Eight investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $141.50.

Genuine Parts Stock Down 0.2 %

Shares of Genuine Parts stock opened at $117.77 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.57 and a current ratio of 1.17. The stock has a market capitalization of $16.37 billion, a PE ratio of 15.16 and a beta of 0.94. Genuine Parts has a 52-week low of $112.74 and a 52-week high of $164.45. The company has a 50-day simple moving average of $118.70 and a two-hundred day simple moving average of $128.41.

Genuine Parts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th were paid a $1.00 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.40%. Genuine Parts’s dividend payout ratio is presently 51.48%.

Genuine Parts Company Profile

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.