Focus Partners Advisor Solutions LLC Trims Stock Position in Genuine Parts (NYSE:GPC)

Focus Partners Advisor Solutions LLC lowered its position in Genuine Parts (NYSE:GPC - Free Report) by 56.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,357 shares of the specialty retailer's stock after selling 3,098 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Genuine Parts were worth $275,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Millstone Evans Group LLC acquired a new stake in shares of Genuine Parts in the fourth quarter valued at approximately $25,000. Kestra Investment Management LLC purchased a new stake in Genuine Parts in the 4th quarter valued at $28,000. First Command Advisory Services Inc. purchased a new stake in Genuine Parts in the 4th quarter valued at $28,000. Compass Planning Associates Inc acquired a new stake in shares of Genuine Parts in the 4th quarter worth $29,000. Finally, Synergy Asset Management LLC purchased a new position in shares of Genuine Parts during the 4th quarter worth $32,000. Institutional investors and hedge funds own 78.83% of the company's stock.

Genuine Parts Trading Down 1.1%

Shares of NYSE GPC traded down $1.39 during trading on Wednesday, reaching $125.88. The stock had a trading volume of 834,834 shares, compared to its average volume of 1,283,485. 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 company has a market cap of $17.47 billion, a P/E ratio of 19.46 and a beta of 0.76. Genuine Parts has a fifty-two week low of $104.01 and a fifty-two week high of $149.22. The business's 50-day moving average price is $118.48 and its 200-day moving average price is $120.14.

Genuine Parts (NYSE:GPC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The specialty retailer reported $1.75 EPS for the quarter, topping analysts' consensus estimates 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 25.28% and a net margin of 3.85%. On average, equities research analysts predict that Genuine Parts will post 7.9 EPS for the current fiscal year.

Genuine Parts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 6th will be paid a dividend of $1.03 per share. The ex-dividend date is Friday, June 6th. This represents a $4.12 dividend on an annualized basis and a yield of 3.27%. Genuine Parts's dividend payout ratio is presently 67.65%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on GPC shares. Wall Street Zen cut shares of Genuine Parts from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. The Goldman Sachs Group reaffirmed a "sell" rating and set a $114.00 price target (down previously from $133.00) on shares of Genuine Parts in a research report on Tuesday, April 1st. Truist Financial upped their price objective 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 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. Finally, Argus raised Genuine Parts to a "strong-buy" rating in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Genuine Parts currently has a consensus rating of "Moderate Buy" and a consensus price target of $130.86.

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.