Pinkerton Retirement Specialists LLC Acquires 3,632 Shares of Genuine Parts Company (NYSE:GPC)

Pinkerton Retirement Specialists LLC raised its position in Genuine Parts Company (NYSE:GPC - Free Report) by 11.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,173 shares of the specialty retailer's stock after acquiring an additional 3,632 shares during the quarter. Pinkerton Retirement Specialists LLC's holdings in Genuine Parts were worth $4,191,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC increased its stake in shares of Genuine Parts by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 3,362,748 shares of the specialty retailer's stock worth $391,604,000 after purchasing an additional 65,783 shares in the last quarter. Invesco Ltd. lifted its position in shares of Genuine Parts by 18.9% in the fourth quarter. Invesco Ltd. now owns 3,262,229 shares of the specialty retailer's stock valued at $380,898,000 after acquiring an additional 518,851 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Genuine Parts by 21.6% in the fourth quarter. Stifel Financial Corp now owns 2,502,852 shares of the specialty retailer's stock worth $292,233,000 after acquiring an additional 445,259 shares during the period. Ameriprise Financial Inc. grew its position in shares of Genuine Parts by 5.1% during the fourth quarter. Ameriprise Financial Inc. now owns 2,136,214 shares of the specialty retailer's stock worth $249,426,000 after purchasing an additional 104,343 shares in the last quarter. Finally, Norges Bank bought a new stake in Genuine Parts during the 4th quarter valued at approximately $206,645,000. 78.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on GPC. Truist Financial lifted their price objective on shares of Genuine Parts from $133.00 to $137.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. Argus upgraded shares of Genuine Parts to a "strong-buy" rating in a report on Friday, April 25th. The Goldman Sachs Group reiterated a "sell" rating and issued a $114.00 price target (down previously from $133.00) on shares of Genuine Parts in a research note on Tuesday, April 1st. 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 research report on Wednesday, April 23rd. Finally, Wall Street Zen cut Genuine Parts from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. 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, the stock has an average rating of "Moderate Buy" and a consensus price target of $130.86.

Genuine Parts Trading Down 1.8%

Shares of NYSE:GPC traded down $2.18 during trading on Tuesday, reaching $122.23. The company's stock had a trading volume of 731,803 shares, compared to its average volume of 1,301,283. The stock has a market capitalization of $16.96 billion, a PE ratio of 16.20 and a beta of 0.74. Genuine Parts Company has a 12 month low of $104.01 and a 12 month high of $149.22. The company has a current ratio of 1.15, a quick ratio of 0.52 and a debt-to-equity ratio of 0.85. The firm's 50 day simple moving average is $123.67 and its two-hundred day simple moving average is $120.42.

Genuine Parts (NYSE:GPC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The specialty retailer reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.09. The business 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%. On average, research analysts predict that Genuine Parts Company will post 7.9 EPS for the current fiscal year.

Genuine Parts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th were issued a $1.03 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $4.12 annualized dividend and a dividend yield of 3.37%. Genuine Parts's dividend payout ratio (DPR) is presently 67.65%.

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.