Robeco Institutional Asset Management B.V. lifted its stake in Genuine Parts (NYSE:GPC) by 29.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,032 shares of the specialty retailer’s stock after purchasing an additional 5,456 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Genuine Parts were worth $2,159,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Trustcore Financial Services LLC acquired a new stake in Genuine Parts during the fourth quarter worth $107,000. Captrust Financial Advisors purchased a new position in shares of Genuine Parts during the fourth quarter worth $109,000. Valeo Financial Advisors LLC boosted its position in shares of Genuine Parts by 1,061.0% during the fourth quarter. Valeo Financial Advisors LLC now owns 1,161 shares of the specialty retailer’s stock worth $110,000 after buying an additional 1,061 shares during the period. Bedel Financial Consulting Inc. purchased a new position in shares of Genuine Parts during the first quarter worth $116,000. Finally, Wagner Wealth Management LLC purchased a new position in shares of Genuine Parts during the fourth quarter worth $117,000. 73.98% of the stock is owned by institutional investors.
NYSE GPC traded down $0.29 on Thursday, hitting $94.07. 555,113 shares of the company’s stock were exchanged, compared to its average volume of 926,151. The company has a current ratio of 1.32, a quick ratio of 0.66 and a debt-to-equity ratio of 0.72. Genuine Parts has a fifty-two week low of $79.86 and a fifty-two week high of $107.75. The stock has a market capitalization of $13.99 billion, a price-to-earnings ratio of 20.27, a PEG ratio of 2.54 and a beta of 1.17.
Genuine Parts (NYSE:GPC) last announced its quarterly earnings results on Thursday, April 19th. The specialty retailer reported $1.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.32 by ($0.05). The firm had revenue of $4.59 billion for the quarter, compared to analysts’ expectations of $4.48 billion. Genuine Parts had a return on equity of 20.76% and a net margin of 3.73%. Genuine Parts’s revenue was up 17.4% compared to the same quarter last year. During the same period last year, the firm earned $1.08 EPS. equities analysts forecast that Genuine Parts will post 5.64 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Investors of record on Friday, June 8th will be paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Thursday, June 7th. Genuine Parts’s payout ratio is currently 62.07%.
A number of research analysts recently issued reports on the company. Zacks Investment Research raised Genuine Parts from a “sell” rating to a “hold” rating in a report on Monday. Royal Bank of Canada decreased their price target on Genuine Parts to $100.00 and set a “market perform” rating for the company in a report on Wednesday, February 21st. Bank of America decreased their price target on Genuine Parts from $90.00 to $80.00 and set an “underperform” rating for the company in a report on Wednesday, February 21st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $107.00 price target (down from $114.00) on shares of Genuine Parts in a report on Wednesday, February 21st. Finally, Guggenheim assumed coverage on Genuine Parts in a report on Tuesday, April 17th. They set a “neutral” rating for the company. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $99.14.
Genuine Parts Profile
Genuine Parts Company distributes automotive replacement and industrial parts, electrical and electronic materials, and business products in the United States, Canada, Mexico, Australasia, France, the United Kingdom, Germany, and Poland. The company distributes automotive replacement parts for imported vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, and heavy duty equipment through 57 NAPA automotive parts distribution centers and 1,100 NAPA AUTO PARTS stores.
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