Banque Cantonale Vaudoise Invests $749,000 in Genuine Parts Company (NYSE:GPC)

Key Points

• Banque Cantonale Vaudoise invested approximately $749,000 in Genuine Parts Company by purchasing 6,288 shares in the first quarter.
• Genuine Parts Company reported a quarterly earnings per share (EPS) of $2.10, surpassing analysts' expectations of $2.08, with a revenue of $6.16 billion.
• Analysts have mixed ratings on Genuine Parts, with price targets varying from $130.00 to $160.00, reflecting a consensus rating of "Hold."

Banque Cantonale Vaudoise purchased a new stake in Genuine Parts Company (NYSE:GPC - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 6,288 shares of the specialty retailer's stock, valued at approximately $749,000.

Other large investors have also recently bought and sold shares of the company. Rossby Financial LCC acquired a new stake in shares of Genuine Parts during the first quarter worth about $25,000. Olde Wealth Management LLC purchased a new stake in Genuine Parts during the 1st quarter valued at approximately $27,000. North Capital Inc. acquired a new stake in Genuine Parts during the 1st quarter worth approximately $28,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Genuine Parts in the 4th quarter valued at approximately $33,000. Finally, Investors Research Corp increased its holdings in shares of Genuine Parts by 75.3% in the first quarter. Investors Research Corp now owns 291 shares of the specialty retailer's stock valued at $35,000 after purchasing an additional 125 shares during the period. Institutional investors and hedge funds own 78.83% of the company's stock.

Genuine Parts Stock Performance

Shares of GPC stock opened at $128.78 on Friday. Genuine Parts Company has a 1 year low of $104.01 and a 1 year high of $149.22. The stock has a market cap of $17.91 billion, a PE ratio of 22.16 and a beta of 0.74. The stock has a fifty day moving average price of $125.32 and a 200 day moving average price of $121.55. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 1.14.

Genuine Parts (NYSE:GPC - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The specialty retailer reported $2.10 EPS for the quarter, beating analysts' consensus estimates of $2.08 by $0.02. The firm had revenue of $6.16 billion for the quarter, compared to analysts' expectations of $6.10 billion. Genuine Parts had a net margin of 3.40% and a return on equity of 22.41%. The firm's revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.44 EPS. Sell-side analysts forecast that Genuine Parts Company will post 7.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on GPC. Loop Capital increased their price target on Genuine Parts from $155.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Argus raised shares of Genuine Parts to a "strong-buy" rating in a report on Friday, April 25th. UBS Group increased their price target on shares of Genuine Parts from $125.00 to $135.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Wall Street Zen lowered Genuine Parts from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. Finally, Evercore ISI cut their target price 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $135.29.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.