SRS Capital Advisors Inc. Has $126,000 Stock Holdings in Genuine Parts (NYSE:GPC)

SRS Capital Advisors Inc. increased its holdings in shares of Genuine Parts (NYSE:GPC) by 327.3% in the 4th quarter, HoldingsChannel reports. The firm owned 1,081 shares of the specialty retailer’s stock after acquiring an additional 828 shares during the period. SRS Capital Advisors Inc.’s holdings in Genuine Parts were worth $126,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its stake in shares of Genuine Parts by 90.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,300 shares of the specialty retailer’s stock valued at $461,000 after acquiring an additional 1,569 shares in the last quarter. Van ECK Associates Corp grew its holdings in Genuine Parts by 11.0% in the third quarter. Van ECK Associates Corp now owns 23,057 shares of the specialty retailer’s stock worth $3,221,000 after purchasing an additional 2,286 shares during the period. QRG Capital Management Inc. increased its stake in Genuine Parts by 7.9% in the third quarter. QRG Capital Management Inc. now owns 15,261 shares of the specialty retailer’s stock valued at $2,132,000 after purchasing an additional 1,120 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of Genuine Parts during the third quarter valued at about $44,000. Finally, FSM Wealth Advisors LLC acquired a new stake in shares of Genuine Parts in the 3rd quarter valued at about $226,000. 78.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GPC. Loop Capital initiated coverage on Genuine Parts in a research note on Thursday, January 16th. They set a “buy” rating and a $155.00 price target on the stock. Redburn Atlantic raised Genuine Parts to a “hold” rating in a research report on Monday, November 11th. Northcoast Research cut Genuine Parts from a “buy” rating to a “neutral” rating in a report on Friday, January 17th. Truist Financial upped their price objective on shares of Genuine Parts from $129.00 to $133.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Finally, Evercore ISI reduced their price objective on shares of Genuine Parts from $128.00 to $125.00 and set an “in-line” rating for the company in a report on Wednesday, February 19th. 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $137.63.

Genuine Parts Price Performance

GPC opened at $123.77 on Thursday. Genuine Parts has a 1 year low of $112.74 and a 1 year high of $164.45. 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 $17.18 billion, a price-to-earnings ratio of 19.13 and a beta of 0.94. The firm’s fifty day moving average price is $119.21 and its two-hundred day moving average price is $126.29.

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

Genuine Parts Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be issued a dividend of $1.03 per share. This is a positive change from Genuine Parts’s previous quarterly dividend of $1.00. This represents a $4.12 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date is Friday, March 7th. Genuine Parts’s dividend payout ratio (DPR) is 63.68%.

Insiders Place Their Bets

In other news, Director Wendy B. Needham sold 1,608 shares of Genuine Parts stock in a transaction 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 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.37% of the company’s stock.

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.