Genuine Parts (NYSE:GPC) Stock Holdings Trimmed by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lowered its position in shares of Genuine Parts (NYSE:GPC) by 8.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,582 shares of the specialty retailer’s stock after selling 953 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Genuine Parts were worth $1,246,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of GPC. Private Advisor Group LLC boosted its holdings in shares of Genuine Parts by 3.2% in the 3rd quarter. Private Advisor Group LLC now owns 25,418 shares of the specialty retailer’s stock valued at $3,550,000 after buying an additional 799 shares during the period. International Assets Investment Management LLC grew its stake in Genuine Parts by 14,222.1% during the 3rd quarter. International Assets Investment Management LLC now owns 584,342 shares of the specialty retailer’s stock worth $81,621,000 after buying an additional 580,262 shares during the last quarter. Brighton Jones LLC increased its position in Genuine Parts by 7.1% in the third quarter. Brighton Jones LLC now owns 2,531 shares of the specialty retailer’s stock worth $354,000 after buying an additional 167 shares during the period. IFM Investors Pty Ltd boosted its holdings in shares of Genuine Parts by 4.0% during the third quarter. IFM Investors Pty Ltd now owns 29,902 shares of the specialty retailer’s stock valued at $4,177,000 after acquiring an additional 1,144 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in Genuine Parts by 8.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,627 shares of the specialty retailer’s stock valued at $646,000 after purchasing an additional 361 shares during the last quarter. Institutional investors own 78.83% of the company’s stock.

Insider Buying and Selling at Genuine Parts

In other news, Director Wendy B. Needham sold 1,608 shares of the firm’s stock in a transaction dated 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 $1,371,698.46. This trade represents a 12.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

GPC has been the topic of a number of recent analyst reports. Loop Capital began coverage on Genuine Parts in a report on Thursday, January 16th. They set a “buy” rating and a $155.00 price target on the stock. Evercore ISI cut their price objective on Genuine Parts from $128.00 to $125.00 and set an “in-line” rating for the company in a report on Wednesday, February 19th. Truist Financial lifted their target price on Genuine Parts from $129.00 to $133.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Redburn Atlantic upgraded shares of Genuine Parts to a “hold” rating in a report on Monday, November 11th. Finally, Northcoast Research downgraded shares of Genuine Parts from a “buy” rating to a “neutral” rating in a research report on Friday, January 17th. Eight analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Genuine Parts presently has a consensus rating of “Hold” and a consensus price target of $137.63.

Genuine Parts Price Performance

Shares of GPC opened at $121.68 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.16 and a quick ratio of 0.57. The company has a market capitalization of $16.92 billion, a price-to-earnings ratio of 18.81 and a beta of 0.94. The business’s 50-day moving average is $118.29 and its 200-day moving average is $126.99. Genuine Parts has a fifty-two week low of $112.74 and a fifty-two week high of $164.45.

Genuine Parts (NYSE:GPC) last released its quarterly earnings data on Tuesday, February 18th. The specialty retailer reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.07. The firm had revenue of $5.77 billion for the quarter, compared to analyst estimates of $5.71 billion. Genuine Parts had a net margin of 3.85% and a return on equity of 25.28%. During the same quarter in the prior year, the business earned $2.26 EPS. Equities research analysts expect that Genuine Parts will post 7.9 EPS for the current fiscal year.

Genuine Parts Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be given a dividend of $1.03 per share. This is a boost from Genuine Parts’s previous quarterly dividend of $1.00. The ex-dividend date is Friday, March 7th. This represents a $4.12 dividend on an annualized basis and a yield of 3.39%. Genuine Parts’s dividend payout ratio (DPR) is presently 63.68%.

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.