Boston Trust Walden Corp Increases Stock Position in Genuine Parts Company (NYSE:GPC)

Boston Trust Walden Corp grew its stake in shares of Genuine Parts Company (NYSE:GPC - Free Report) by 2.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 369,755 shares of the specialty retailer's stock after acquiring an additional 9,932 shares during the quarter. Boston Trust Walden Corp owned about 0.27% of Genuine Parts worth $44,053,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Strategic Wealth Partners Ltd. boosted its holdings in shares of Genuine Parts by 4.2% during the 4th quarter. Strategic Wealth Partners Ltd. now owns 2,420 shares of the specialty retailer's stock valued at $302,000 after acquiring an additional 98 shares during the last quarter. Veracity Capital LLC grew its holdings in shares of Genuine Parts by 4.9% in the first quarter. Veracity Capital LLC now owns 2,147 shares of the specialty retailer's stock worth $256,000 after acquiring an additional 100 shares during the period. New York Life Investment Management LLC grew its holdings in shares of Genuine Parts by 0.6% in the fourth quarter. New York Life Investment Management LLC now owns 18,743 shares of the specialty retailer's stock worth $2,188,000 after acquiring an additional 108 shares during the period. Pinnacle Financial Partners Inc grew its holdings in shares of Genuine Parts by 2.5% in the fourth quarter. Pinnacle Financial Partners Inc now owns 4,630 shares of the specialty retailer's stock worth $541,000 after acquiring an additional 115 shares during the period. Finally, Gallagher Fiduciary Advisors LLC grew its holdings in shares of Genuine Parts by 4.7% in the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 2,647 shares of the specialty retailer's stock worth $309,000 after acquiring an additional 118 shares during the period. Hedge funds and other institutional investors own 78.83% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Evercore ISI cut their price objective on Genuine Parts from $135.00 to $130.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Wall Street Zen lowered Genuine Parts from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. Argus raised Genuine Parts to a "strong-buy" rating in a report on Friday, April 25th. Truist Financial lifted their price objective on Genuine Parts from $133.00 to $137.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Finally, The Goldman Sachs Group reissued a "sell" rating and set a $114.00 price target (down previously from $133.00) on shares of Genuine Parts in a 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Genuine Parts presently has an average rating of "Moderate Buy" and a consensus price target of $130.86.

Genuine Parts Stock Performance

NYSE:GPC opened at $118.72 on Friday. The stock has a 50-day simple moving average of $121.19 and a two-hundred day simple moving average of $120.08. Genuine Parts Company has a 52-week low of $104.01 and a 52-week high of $149.22. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.52 and a current ratio of 1.15. The firm has a market capitalization of $16.48 billion, a PE ratio of 19.49 and a beta of 0.76.

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 analysts' consensus estimates of $1.66 by $0.09. The firm had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.83 billion. Genuine Parts had a return on equity of 23.71% and a net margin of 3.60%. Analysts forecast that Genuine Parts Company will post 7.9 EPS for the current year.

Genuine Parts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders 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 dividend yield of 3.47%. The ex-dividend date is Friday, June 6th. Genuine Parts's dividend payout ratio (DPR) is 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.

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