3,894 Shares in Genuine Parts (NYSE:GPC) Purchased by Outlook Wealth Advisors LLC

Outlook Wealth Advisors LLC acquired a new position in shares of Genuine Parts (NYSE:GPC - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,894 shares of the specialty retailer's stock, valued at approximately $464,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in shares of Genuine Parts by 12.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,698,737 shares of the specialty retailer's stock worth $198,338,000 after acquiring an additional 182,965 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in Genuine Parts by 436.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 31,451 shares of the specialty retailer's stock valued at $3,672,000 after purchasing an additional 25,583 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Genuine Parts in the 4th quarter valued at about $21,840,000. Parvin Asset Management LLC acquired a new position in shares of Genuine Parts in the fourth quarter valued at approximately $1,320,000. Finally, FORA Capital LLC raised its position in shares of Genuine Parts by 410.9% in the fourth quarter. FORA Capital LLC now owns 26,332 shares of the specialty retailer's stock valued at $3,075,000 after buying an additional 21,178 shares during the last quarter. 78.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Argus upgraded Genuine Parts to a "strong-buy" rating in a research note on Friday, April 25th. The Goldman Sachs Group reaffirmed a "sell" rating and set a $114.00 price objective (down previously from $133.00) on shares of Genuine Parts in a research note on Tuesday, April 1st. Truist Financial upped their price objective on shares of Genuine Parts from $133.00 to $137.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Wall Street Zen downgraded shares of Genuine Parts from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. Finally, Evercore ISI dropped their price target on shares of Genuine Parts from $135.00 to $130.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $130.86.

Genuine Parts Stock Up 1.0%

NYSE:GPC traded up $1.25 during mid-day trading on Tuesday, reaching $126.50. The stock had a trading volume of 1,063,035 shares, compared to its average volume of 1,290,299. The company has a market capitalization of $17.56 billion, a price-to-earnings ratio of 19.55 and a beta of 0.76. The stock's 50 day simple moving average is $119.78 and its two-hundred day simple moving average is $120.34. 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 has a 1-year low of $104.01 and a 1-year high of $149.22.

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, topping the consensus estimate of $1.66 by $0.09. The firm had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.83 billion. Genuine Parts had a net margin of 3.85% and a return on equity of 25.28%. Equities analysts anticipate that Genuine Parts will post 7.9 EPS for the current year.

Genuine Parts Dividend Announcement

The company 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. The ex-dividend date is Friday, June 6th. This represents a $4.12 annualized dividend and a dividend yield of 3.26%. Genuine Parts's payout ratio 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.