Proficio Capital Partners LLC Has $206,000 Position in Genuine Parts Company (NYSE:GPC)

Proficio Capital Partners LLC decreased its position in Genuine Parts Company (NYSE:GPC - Free Report) by 99.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,731 shares of the specialty retailer's stock after selling 185,319 shares during the quarter. Proficio Capital Partners LLC's holdings in Genuine Parts were worth $206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Rossby Financial LCC purchased a new stake in shares of Genuine Parts in the first quarter worth about $25,000. Olde Wealth Management LLC purchased a new stake in Genuine Parts during the 1st quarter worth about $27,000. North Capital Inc. purchased a new stake in Genuine Parts during the 1st quarter worth about $28,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Genuine Parts in the 4th quarter valued at about $33,000. Finally, Investors Research Corp increased its position in Genuine Parts by 75.3% in the 1st quarter. Investors Research Corp now owns 291 shares of the specialty retailer's stock valued at $35,000 after acquiring an additional 125 shares during the period. Institutional investors own 78.83% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on GPC. Evercore ISI dropped 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. JPMorgan Chase & Co. increased their price target on shares of Genuine Parts from $134.00 to $145.00 and gave the stock an "overweight" rating in a research report on Wednesday. Wall Street Zen lowered shares of Genuine Parts from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. Argus upgraded shares of Genuine Parts to a "strong-buy" rating in a research report on Friday, April 25th. Finally, Loop Capital lifted their price objective on shares of Genuine Parts from $155.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $135.29.

Genuine Parts Price Performance

Shares of GPC stock traded up $0.36 during trading hours on Friday, reaching $133.57. 823,068 shares of the company were exchanged, compared to its average volume of 1,164,651. Genuine Parts Company has a fifty-two week low of $104.01 and a fifty-two week high of $149.22. The stock's fifty day moving average is $124.96 and its two-hundred day moving average is $121.15. The company has a market cap of $18.58 billion, a price-to-earnings ratio of 22.99 and a beta of 0.74. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.14 and a quick ratio of 0.52.

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

Genuine Parts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date was Friday, June 6th. Genuine Parts's dividend payout ratio is currently 70.91%.

Genuine Parts Company 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.