Applied Capital LLC FL Acquires 352 Shares of Genuine Parts (NYSE:GPC)

Applied Capital LLC FL increased its stake in Genuine Parts (NYSE:GPC) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,550 shares of the specialty retailer’s stock after purchasing an additional 352 shares during the quarter. Applied Capital LLC FL’s holdings in Genuine Parts were worth $1,465,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of GPC. Ashton Thomas Securities LLC purchased a new stake in shares of Genuine Parts in the third quarter worth $26,000. Capital Performance Advisors LLP bought a new stake in Genuine Parts in the third quarter worth $31,000. Concord Wealth Partners raised its stake in Genuine Parts by 79.3% during the third quarter. Concord Wealth Partners now owns 269 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 119 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of Genuine Parts in the 3rd quarter worth $44,000. Finally, Armstrong Advisory Group Inc. increased its holdings in shares of Genuine Parts by 63.8% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 362 shares of the specialty retailer’s stock worth $51,000 after buying an additional 141 shares during the last quarter. 78.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on GPC shares. Redburn Atlantic upgraded Genuine Parts to a “hold” rating in a research report on Monday, November 11th. Northcoast Research downgraded Genuine Parts from a “buy” rating to a “neutral” rating in a research report on Friday, January 17th. The Goldman Sachs Group cut their price objective on shares of Genuine Parts from $162.00 to $138.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. StockNews.com lowered shares of Genuine Parts from a “buy” rating to a “hold” rating in a report on Wednesday, October 16th. Finally, UBS Group reduced their price objective on shares of Genuine Parts from $145.00 to $125.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Eight equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $141.50.

Genuine Parts Price Performance

Shares of GPC stock opened at $117.19 on Friday. The company has a market capitalization of $16.29 billion, a P/E ratio of 15.08 and a beta of 0.95. The company’s 50-day simple moving average is $120.21 and its two-hundred day simple moving average is $129.89. Genuine Parts has a one year low of $112.74 and a one year high of $164.45. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.17 and a quick ratio of 0.57.

Genuine Parts Announces Dividend

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

Insider Buying and Selling at Genuine Parts

In other Genuine Parts news, Director Wendy B. Needham sold 1,608 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $120.78, for a total transaction of $194,214.24. Following the transaction, the director now owns 11,357 shares of the company’s stock, valued at approximately $1,371,698.46. This trade represents a 12.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.37% of the stock is currently owned by corporate insiders.

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.