Bison Wealth LLC Has $250,000 Holdings in Genuine Parts (NYSE:GPC)

Bison Wealth LLC lessened its stake in shares of Genuine Parts (NYSE:GPC - Free Report) by 60.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,141 shares of the specialty retailer's stock after selling 3,278 shares during the period. Bison Wealth LLC's holdings in Genuine Parts were worth $250,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new stake in Genuine Parts during the fourth quarter valued at $206,645,000. Equity Investment Corp acquired a new stake in shares of Genuine Parts during the 4th quarter valued at about $84,128,000. Invesco Ltd. grew its stake in shares of Genuine Parts by 18.9% in the 4th quarter. Invesco Ltd. now owns 3,262,229 shares of the specialty retailer's stock valued at $380,898,000 after buying an additional 518,851 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Genuine Parts in the fourth quarter worth approximately $57,407,000. Finally, Stifel Financial Corp lifted its stake in Genuine Parts by 21.6% in the fourth quarter. Stifel Financial Corp now owns 2,502,852 shares of the specialty retailer's stock valued at $292,233,000 after acquiring an additional 445,259 shares during the last quarter. 78.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GPC has been the subject of a number of recent research reports. The Goldman Sachs Group reiterated a "sell" rating and issued a $114.00 price objective (down from $133.00) on shares of Genuine Parts in a report on Tuesday, April 1st. Northcoast Research downgraded shares of Genuine Parts from a "buy" rating to a "neutral" rating in a report on Friday, January 17th. Loop Capital started coverage on shares of Genuine Parts in a report on Thursday, January 16th. They issued a "buy" rating and a $155.00 target price on the stock. StockNews.com cut shares of Genuine Parts from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. Finally, Argus upgraded Genuine Parts to a "strong-buy" rating in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Genuine Parts has an average rating of "Moderate Buy" and a consensus price target of $130.86.

Genuine Parts Price Performance

Shares of Genuine Parts stock traded up $3.30 during trading on Friday, hitting $120.30. 1,135,802 shares of the company's stock traded hands, compared to its average volume of 1,251,745. The company has a market cap of $16.70 billion, a PE ratio of 18.59 and a beta of 0.82. The firm's fifty day moving average price is $118.55 and its 200 day moving average price is $119.92. Genuine Parts has a twelve month low of $104.01 and a twelve month high of $159.77. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.16 and a quick ratio of 0.57.

Genuine Parts (NYSE:GPC - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.83 billion. Genuine Parts had a return on equity of 25.28% and a net margin of 3.85%. Analysts forecast that Genuine Parts will post 7.9 earnings per share for the current year.

Genuine Parts Announces Dividend

The firm also recently announced 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. This represents a $4.12 annualized dividend and a dividend yield of 3.42%. The ex-dividend date of this dividend is Friday, June 6th. Genuine Parts's payout ratio is currently 67.65%.

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.