DMKC Advisory Services LLC Makes New $1.53 Million Investment in Genuine Parts Company (NYSE:GPC)

DMKC Advisory Services LLC bought a new stake in Genuine Parts Company (NYSE:GPC - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,867 shares of the specialty retailer's stock, valued at approximately $1,533,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of GPC. Norges Bank purchased a new stake in Genuine Parts in the 4th quarter worth about $206,645,000. Junto Capital Management LP bought a new position in Genuine Parts during the fourth quarter worth about $94,868,000. Equity Investment Corp purchased a new position in shares of Genuine Parts in the fourth quarter worth about $84,128,000. Alyeska Investment Group L.P. increased its stake in shares of Genuine Parts by 204.7% in the fourth quarter. Alyeska Investment Group L.P. now owns 789,050 shares of the specialty retailer's stock worth $92,129,000 after purchasing an additional 530,057 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Genuine Parts by 18.9% in the fourth quarter. Invesco Ltd. now owns 3,262,229 shares of the specialty retailer's stock valued at $380,898,000 after purchasing an additional 518,851 shares during the period. 78.83% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on GPC shares. Argus upgraded shares of Genuine Parts to a "strong-buy" rating in a research note on Friday, April 25th. Wall Street Zen cut Genuine Parts from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. Truist Financial boosted their price objective on Genuine Parts from $133.00 to $137.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. The Goldman Sachs Group restated a "sell" rating and issued a $114.00 target price (down previously from $133.00) on shares of Genuine Parts in a research note on Tuesday, April 1st. Finally, Evercore ISI decreased their price target on Genuine Parts from $135.00 to $130.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. 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. Based on data from MarketBeat, Genuine Parts currently has a consensus rating of "Moderate Buy" and an average price target of $130.86.

Genuine Parts Price Performance

NYSE:GPC traded up $0.76 during trading hours on Friday, hitting $119.63. 1,665,367 shares of the company's stock traded hands, compared to its average volume of 1,299,563. Genuine Parts Company has a 52 week low of $104.01 and a 52 week high of $149.22. The business's fifty day simple moving average is $121.19 and its two-hundred day simple moving average is $120.08. The company has a quick ratio of 0.52, a current ratio of 1.15 and a debt-to-equity ratio of 0.85. The firm has a market cap of $16.60 billion, a P/E ratio of 19.64 and a beta of 0.76.

Genuine Parts (NYSE:GPC - Get Free Report) last issued 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. Genuine Parts had a return on equity of 23.71% and a net margin of 3.60%. The firm had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.83 billion. On average, research analysts anticipate that Genuine Parts Company will post 7.9 earnings per share for the current fiscal year.

Genuine Parts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.44%. The ex-dividend date is Friday, June 6th. Genuine Parts's dividend payout ratio (DPR) is currently 67.65%.

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.