Genuine Parts Company (NYSE:GPC) Shares Sold by Cantor Fitzgerald Investment Advisors L.P.

Cantor Fitzgerald Investment Advisors L.P. lowered its position in Genuine Parts Company (NYSE:GPC - Free Report) by 10.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 102,934 shares of the specialty retailer's stock after selling 11,486 shares during the period. Cantor Fitzgerald Investment Advisors L.P. owned approximately 0.07% of Genuine Parts worth $12,264,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Meriwether Wealth & Planning LLC lifted its holdings in Genuine Parts by 10.5% in the first quarter. Meriwether Wealth & Planning LLC now owns 2,072 shares of the specialty retailer's stock valued at $247,000 after acquiring an additional 197 shares during the period. Boston Trust Walden Corp lifted its holdings in Genuine Parts by 2.8% in the first quarter. Boston Trust Walden Corp now owns 369,755 shares of the specialty retailer's stock valued at $44,053,000 after acquiring an additional 9,932 shares during the period. Global X Japan Co. Ltd. lifted its holdings in Genuine Parts by 12.3% in the first quarter. Global X Japan Co. Ltd. now owns 5,165 shares of the specialty retailer's stock valued at $615,000 after acquiring an additional 566 shares during the period. Johnson Investment Counsel Inc. lifted its holdings in Genuine Parts by 2.8% in the first quarter. Johnson Investment Counsel Inc. now owns 258,866 shares of the specialty retailer's stock valued at $30,841,000 after acquiring an additional 6,985 shares during the period. Finally, State of Alaska Department of Revenue lifted its holdings in Genuine Parts by 1.1% in the first quarter. State of Alaska Department of Revenue now owns 39,279 shares of the specialty retailer's stock valued at $4,679,000 after acquiring an additional 425 shares during the period. Hedge funds and other institutional investors own 78.83% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on GPC. Truist Financial boosted their price target on Genuine Parts from $133.00 to $137.00 and gave the company a "buy" rating in a report on Thursday, April 24th. 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 report on Wednesday, April 23rd. Wall Street Zen downgraded Genuine Parts from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. The Goldman Sachs Group reissued a "sell" rating and issued a $114.00 price target (down from $133.00) on shares of Genuine Parts in a report on Tuesday, April 1st. Finally, Argus raised Genuine Parts to a "strong-buy" rating in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Genuine Parts has an average rating of "Moderate Buy" and an average price target of $130.86.

Genuine Parts Price Performance

Shares of GPC stock traded up $1.62 during trading hours on Monday, hitting $121.39. 1,123,032 shares of the company's stock were exchanged, compared to its average volume of 1,299,669. 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 $16.85 billion, a P/E ratio of 19.93 and a beta of 0.76. The firm has a 50 day moving average of $121.38 and a two-hundred day moving average of $119.94. Genuine Parts Company has a fifty-two week low of $104.01 and a fifty-two week high of $149.22.

Genuine Parts (NYSE:GPC - Get Free Report) last announced its earnings results 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 business had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.83 billion. Genuine Parts had a return on equity of 23.71% and a net margin of 3.60%. Sell-side analysts forecast that Genuine Parts Company will post 7.9 EPS for the current year.

Genuine Parts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date is Friday, June 6th. Genuine Parts's payout ratio 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.