2,935 Shares in Genuine Parts (NYSE:GPC) Bought by Aegis Wealth Management LLC

Aegis Wealth Management LLC acquired a new stake in shares of Genuine Parts (NYSE:GPC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,935 shares of the specialty retailer's stock, valued at approximately $343,000.

Other institutional investors have also made changes to their positions in the company. Caprock Group LLC acquired a new stake in shares of Genuine Parts during the 4th quarter valued at about $540,000. Dimensional Fund Advisors LP lifted its stake in 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 valued at $198,338,000 after acquiring an additional 182,965 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in Genuine Parts by 436.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 31,451 shares of the specialty retailer's stock valued at $3,672,000 after acquiring an additional 25,583 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Genuine Parts in the fourth quarter valued at approximately $21,840,000. Finally, Parvin Asset Management LLC acquired a new stake in shares of Genuine Parts in the 4th quarter valued at $1,320,000. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Genuine Parts Stock Performance

Shares of GPC traded up $0.27 during mid-day trading on Friday, hitting $126.64. The company's stock had a trading volume of 2,359,443 shares, compared to its average volume of 1,291,671. Genuine Parts has a one year low of $104.01 and a one year high of $149.22. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.57 and a current ratio of 1.16. The firm has a market capitalization of $17.58 billion, a PE ratio of 19.57 and a beta of 0.76. The stock's 50-day moving average is $118.91 and its two-hundred day moving average is $120.23.

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 for the quarter, beating 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 firm 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 EPS for the current year.

Genuine Parts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 6th will be paid a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Friday, June 6th. Genuine Parts's payout ratio is presently 67.65%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GPC. Wall Street Zen lowered shares of Genuine Parts from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. Argus upgraded Genuine Parts to a "strong-buy" rating in a research note on Friday, April 25th. Evercore ISI decreased their price target on Genuine Parts from $135.00 to $130.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Truist Financial upped their target price on Genuine Parts from $133.00 to $137.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Finally, The Goldman Sachs Group reaffirmed a "sell" rating and set a $114.00 target price (down previously from $133.00) on shares of Genuine Parts in a research report on Tuesday, April 1st. 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 given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $130.86.

About Genuine Parts

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.