Landscape Capital Management L.L.C. Has $557,000 Stake in Genuine Parts (NYSE:GPC)

Landscape Capital Management L.L.C. reduced its stake in Genuine Parts (NYSE:GPC) by 40.2% in the 4th quarter, Holdings Channel reports. The firm owned 4,770 shares of the specialty retailer’s stock after selling 3,200 shares during the period. Landscape Capital Management L.L.C.’s holdings in Genuine Parts were worth $557,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Millstone Evans Group LLC bought a new stake in shares of Genuine Parts during the 4th quarter worth $25,000. Kestra Investment Management LLC bought a new stake in Genuine Parts during the fourth quarter valued at about $28,000. First Command Advisory Services Inc. acquired a new stake in shares of Genuine Parts in the fourth quarter valued at about $28,000. Compass Planning Associates Inc bought a new position in shares of Genuine Parts in the fourth quarter worth about $29,000. Finally, Synergy Asset Management LLC acquired a new position in shares of Genuine Parts during the 4th quarter worth about $32,000. Institutional investors own 78.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on GPC shares. Loop Capital started coverage on Genuine Parts in a research report on Thursday, January 16th. They issued a “buy” rating and a $155.00 price target on the stock. Evercore ISI upgraded shares of Genuine Parts from an “in-line” rating to an “outperform” rating and upped their target price for the company from $128.00 to $135.00 in a research note on Friday. The Goldman Sachs Group reissued a “sell” rating and issued a $114.00 price target (down from $133.00) on shares of Genuine Parts in a report on Tuesday, April 1st. Truist Financial upped their price objective on shares of Genuine Parts from $129.00 to $133.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Finally, Northcoast Research lowered Genuine Parts from a “buy” rating to a “neutral” rating in a research note on Friday, January 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Genuine Parts currently has a consensus rating of “Hold” and a consensus price target of $135.88.

Genuine Parts Price Performance

Genuine Parts stock opened at $116.80 on Monday. The business has a 50 day simple moving average of $121.16 and a 200 day simple moving average of $123.34. 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 $16.21 billion, a PE ratio of 18.05 and a beta of 0.82. Genuine Parts has a one year low of $112.74 and a one year high of $164.45.

Genuine Parts (NYSE:GPC) last issued its earnings results on Tuesday, February 18th. The specialty retailer reported $1.61 EPS for the quarter, beating the consensus estimate of $1.54 by $0.07. The company had revenue of $5.77 billion for the quarter, compared to the consensus estimate 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 previous year, the company earned $2.26 EPS. On average, sell-side analysts forecast 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 was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th were issued a dividend of $1.03 per share. This is a positive change from Genuine Parts’s previous quarterly dividend of $1.00. The ex-dividend date was Friday, March 7th. This represents a $4.12 annualized dividend and a dividend yield of 3.53%. 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.