Deutsche Bank AG Has $104.58 Million Holdings in Genuine Parts (NYSE:GPC)

Deutsche Bank AG increased its stake in shares of Genuine Parts (NYSE:GPC - Free Report) by 79.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 895,689 shares of the specialty retailer's stock after purchasing an additional 395,710 shares during the quarter. Deutsche Bank AG owned approximately 0.64% of Genuine Parts worth $104,581,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Millstone Evans Group LLC acquired a new stake in shares of Genuine Parts during the fourth quarter worth approximately $25,000. Kestra Investment Management LLC bought a new position in Genuine Parts during the fourth quarter valued at approximately $28,000. First Command Advisory Services Inc. bought a new position in Genuine Parts during the fourth quarter valued at approximately $28,000. Compass Planning Associates Inc bought a new position in Genuine Parts during the fourth quarter valued at approximately $29,000. Finally, Synergy Asset Management LLC bought a new position in Genuine Parts during the fourth quarter valued at approximately $32,000. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Genuine Parts Stock Performance

GPC traded up $2.66 during trading on Wednesday, reaching $123.86. 3,003,491 shares of the company's stock were exchanged, compared to its average volume of 1,262,777. Genuine Parts has a fifty-two week low of $104.01 and a fifty-two week high of $157.17. 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 $117.82 and a 200 day moving average price of $119.53. The company has a market capitalization of $17.19 billion, a P/E ratio of 19.14 and a beta of 0.76.

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

Genuine Parts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders 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 yield of 3.33%. The ex-dividend date is Friday, June 6th. Genuine Parts's payout ratio is currently 67.65%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on GPC shares. Northcoast Research lowered shares of Genuine Parts from a "buy" rating to a "neutral" rating in a research report on Friday, January 17th. Argus raised shares of Genuine Parts to a "strong-buy" rating in a research report on Friday, April 25th. Truist Financial raised their price objective on shares of Genuine Parts from $133.00 to $137.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. Evercore ISI dropped their price target on shares of Genuine Parts from $135.00 to $130.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Finally, The Goldman Sachs Group reissued a "sell" rating and issued a $114.00 price target (down previously from $133.00) on shares of Genuine Parts in a research report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Genuine Parts presently has an average rating of "Moderate Buy" and a consensus target price of $130.86.

Genuine Parts 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.