17,800 Shares in Genuine Parts (NYSE:GPC) Acquired by Bayesian Capital Management LP

Bayesian Capital Management LP acquired a new stake in shares of Genuine Parts (NYSE:GPC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 17,800 shares of the specialty retailer's stock, valued at approximately $2,078,000.

Other large investors also recently bought and sold shares of the company. Millstone Evans Group LLC bought a new position in shares of Genuine Parts in the fourth quarter worth about $25,000. Kestra Investment Management LLC bought a new stake in Genuine Parts during the 4th quarter worth approximately $28,000. First Command Advisory Services Inc. bought a new stake in shares of Genuine Parts during the 4th quarter valued at $28,000. Compass Planning Associates Inc purchased a new position in shares of Genuine Parts during the 4th quarter valued at $29,000. Finally, Synergy Asset Management LLC bought a new position in Genuine Parts in the 4th quarter worth $32,000. 78.83% of the stock is currently owned by institutional investors.

Genuine Parts Trading Down 0.2 %

GPC traded down $0.23 on Friday, reaching $117.35. 769,734 shares of the company traded hands, compared to its average volume of 1,253,051. The company has a market cap of $16.29 billion, a P/E ratio of 18.14 and a beta of 0.76. The company has a quick ratio of 0.57, a current ratio of 1.16 and a debt-to-equity ratio of 0.86. Genuine Parts has a one year low of $104.01 and a one year high of $158.65. The firm has a fifty day simple moving average of $117.95 and a two-hundred day simple moving average of $119.42.

Genuine Parts (NYSE:GPC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The specialty retailer reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.09. Genuine Parts had a net margin of 3.85% and a return on equity of 25.28%. The firm had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.83 billion. As a group, equities research analysts expect that Genuine Parts will post 7.9 earnings per share for the current year.

Genuine Parts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th will be issued a $1.03 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $4.12 annualized dividend and a dividend yield of 3.51%. Genuine Parts's dividend payout ratio is currently 67.65%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GPC. Argus upgraded Genuine Parts to a "strong-buy" rating in a report on Friday, April 25th. Loop Capital initiated coverage on Genuine Parts in a research note on Thursday, January 16th. They set a "buy" rating and a $155.00 price objective on the stock. StockNews.com lowered Genuine Parts from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. The Goldman Sachs Group reissued a "sell" rating and set a $114.00 target price (down previously from $133.00) on shares of Genuine Parts in a research report on Tuesday, April 1st. Finally, Truist Financial raised their price target on Genuine Parts from $133.00 to $137.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $130.86.

Genuine Parts Company Profile

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.