Virtu Financial LLC Boosts Stock Position in Genuine Parts (NYSE:GPC)

Virtu Financial LLC boosted its holdings in shares of Genuine Parts (NYSE:GPC) by 414.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,053 shares of the specialty retailer’s stock after acquiring an additional 6,487 shares during the quarter. Virtu Financial LLC’s holdings in Genuine Parts were worth $940,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Millstone Evans Group LLC purchased a new stake in shares of Genuine Parts during the 4th quarter worth $25,000. Kestra Investment Management LLC purchased a new stake in shares of Genuine Parts during the 4th quarter worth $28,000. First Command Advisory Services Inc. purchased a new stake in shares of Genuine Parts during the 4th quarter worth $28,000. Compass Planning Associates Inc purchased a new stake in shares of Genuine Parts during the 4th quarter worth $29,000. Finally, Synergy Asset Management LLC purchased a new stake in shares of Genuine Parts during the 4th quarter worth $32,000. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Wall Street Analysts Forecast Growth

GPC has been the subject of a number of analyst reports. Evercore ISI decreased their price objective on Genuine Parts from $128.00 to $125.00 and set an “in-line” rating for the company in a research note on Wednesday, February 19th. Loop Capital started coverage on Genuine Parts in a research note on Thursday, January 16th. They issued a “buy” rating and a $155.00 price target for the company. Truist Financial increased their price target on Genuine Parts from $129.00 to $133.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. Finally, Northcoast Research cut Genuine Parts from a “buy” rating to a “neutral” rating in a research note on Friday, January 17th. Eight investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Genuine Parts currently has a consensus rating of “Hold” and an average price target of $137.63.

Genuine Parts Trading Down 1.5 %

Shares of NYSE:GPC opened at $118.93 on Monday. Genuine Parts has a 52-week low of $112.74 and a 52-week high of $164.45. The stock has a market cap of $16.50 billion, a price-to-earnings ratio of 18.38 and a beta of 0.93. The company has a quick ratio of 0.57, a current ratio of 1.16 and a debt-to-equity ratio of 0.86. The business has a 50-day moving average price of $120.99 and a 200-day moving average price of $124.58.

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

Genuine Parts Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be paid a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.46%. This is a boost from Genuine Parts’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Friday, March 7th. 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.