Cetera Investment Advisers Has $15.64 Million Stock Holdings in Genuine Parts (NYSE:GPC)

Cetera Investment Advisers reduced its stake in Genuine Parts (NYSE:GPC - Free Report) by 15.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 133,910 shares of the specialty retailer's stock after selling 25,000 shares during the quarter. Cetera Investment Advisers owned about 0.10% of Genuine Parts worth $15,635,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Captrust Financial Advisors increased its stake in shares of Genuine Parts by 1.3% during the 4th quarter. Captrust Financial Advisors now owns 29,920 shares of the specialty retailer's stock valued at $3,493,000 after acquiring an additional 379 shares during the last quarter. Cary Street Partners Financial LLC acquired a new position in Genuine Parts in the 4th quarter worth $963,000. Balyasny Asset Management L.P. acquired a new stake in Genuine Parts during the 4th quarter valued at approximately $7,677,000. Bastion Asset Management Inc. bought a new stake in shares of Genuine Parts in the fourth quarter worth $3,391,000. Finally, Bayesian Capital Management LP acquired a new stake in shares of Genuine Parts in the 4th quarter valued at about $2,078,000. 78.83% of the stock is currently owned by hedge funds and other institutional investors.

Genuine Parts Stock Performance

GPC stock traded up $1.85 during trading on Thursday, reaching $126.09. 603,059 shares of the stock were exchanged, compared to its average volume of 1,260,310. The stock has a 50 day simple moving average of $117.75 and a 200-day simple moving average of $119.56. The company has a current ratio of 1.16, a quick ratio of 0.57 and a debt-to-equity ratio of 0.86. Genuine Parts has a twelve month low of $104.01 and a twelve month high of $157.17. The company has a market capitalization of $17.50 billion, a P/E ratio of 19.50 and a beta of 0.76.

Genuine Parts (NYSE:GPC - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The specialty retailer reported $1.75 EPS for the quarter, topping analysts' consensus estimates of $1.66 by $0.09. Genuine Parts had a net margin of 3.85% and a return on equity of 25.28%. The company had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.83 billion. As a group, sell-side analysts anticipate that Genuine Parts will post 7.9 earnings per share for the current year.

Genuine Parts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Friday, June 6th. Genuine Parts's dividend payout ratio (DPR) is currently 67.65%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on GPC shares. Evercore ISI reduced their price objective on Genuine Parts from $135.00 to $130.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. StockNews.com lowered Genuine Parts from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. Argus raised Genuine Parts to a "strong-buy" rating in a research note on Friday, April 25th. Truist Financial lifted their price target on shares of Genuine Parts from $133.00 to $137.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Finally, Northcoast Research downgraded Genuine Parts from a "buy" rating to a "neutral" rating in a report on Friday, January 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target 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.