CFS Investment Advisory Services LLC Has $1.34 Million Stock Position in Genuine Parts (NYSE:GPC)

CFS Investment Advisory Services LLC lowered its holdings in Genuine Parts (NYSE:GPC) by 1.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,434 shares of the specialty retailer’s stock after selling 156 shares during the quarter. CFS Investment Advisory Services LLC’s holdings in Genuine Parts were worth $1,335,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of GPC. Ashton Thomas Securities LLC bought a new stake in Genuine Parts in the third quarter valued at about $26,000. Capital Performance Advisors LLP acquired a new position in Genuine Parts in the third quarter worth $31,000. Concord Wealth Partners lifted its position in Genuine Parts by 79.3% during the 3rd quarter. Concord Wealth Partners now owns 269 shares of the specialty retailer’s stock worth $38,000 after buying an additional 119 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of Genuine Parts during the third quarter valued at approximately $44,000. Finally, Armstrong Advisory Group Inc. boosted its position in Genuine Parts by 63.8% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 362 shares of the specialty retailer’s stock valued at $51,000 after buying an additional 141 shares during the last quarter. Institutional investors and hedge funds own 78.83% of the company’s stock.

Insiders Place Their Bets

In other news, Director Wendy B. Needham sold 1,608 shares of the 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 of the company’s stock, valued at approximately $1,371,698.46. This represents a 12.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.37% of the company’s stock.

Genuine Parts Trading Down 1.0 %

Shares of NYSE:GPC opened at $117.19 on Friday. Genuine Parts has a 12-month low of $112.74 and a 12-month high of $164.45. The business has a 50 day moving average of $120.21 and a 200-day moving average of $129.90. The company has a quick ratio of 0.57, a current ratio of 1.17 and a debt-to-equity ratio of 0.81. The stock has a market cap of $16.29 billion, a PE ratio of 15.08 and a beta of 0.95.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings data on Tuesday, October 22nd. The specialty retailer reported $1.88 EPS for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.54). Genuine Parts had a net margin of 4.67% and a return on equity of 27.23%. The firm had revenue of $6 billion during the quarter, compared to analyst estimates of $5.94 billion. During the same period in the prior year, the company earned $2.49 earnings per share. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. As a group, equities research analysts forecast that Genuine Parts will post 8.09 earnings per share for the current year.

Genuine Parts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend was Friday, December 6th. Genuine Parts’s dividend payout ratio is 51.48%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on GPC shares. The Goldman Sachs Group lowered their price target on shares of Genuine Parts from $162.00 to $138.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. lowered their target price on Genuine Parts from $162.00 to $135.00 and set an “overweight” rating for the company in a research note on Tuesday, October 22nd. Loop Capital assumed coverage on Genuine Parts in a research note on Thursday, January 16th. They issued a “buy” rating and a $155.00 price target on the stock. Northcoast Research lowered shares of Genuine Parts from a “buy” rating to a “neutral” rating in a research report on Friday, January 17th. Finally, StockNews.com downgraded Genuine Parts from a “buy” rating to a “hold” rating in a research note on Wednesday, October 16th. Eight investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $141.50.

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.