Universal Beteiligungs und Servicegesellschaft mbH Reduces Stake in Genuine Parts Company (NYSE:GPC)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in Genuine Parts Company (NYSE:GPC) by 2.2%, now holding 98,478 shares valued at approximately $11.7 million.
• Research analysts have mixed views on Genuine Parts, with price targets ranging from $114.00 to $145.00; currently, the average rating is "Hold" with a target price of $135.29.
• Genuine Parts reported solid quarterly earnings, with an EPS of $2.10, surpassing expectations, and revenue of $6.16 billion, which was a 3.4% increase from the previous year.

Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in Genuine Parts Company (NYSE:GPC - Free Report) by 2.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 98,478 shares of the specialty retailer's stock after selling 2,202 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.07% of Genuine Parts worth $11,733,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in GPC. Rossby Financial LCC purchased a new stake in Genuine Parts in the 1st quarter valued at $25,000. Olde Wealth Management LLC acquired a new position in shares of Genuine Parts in the 1st quarter valued at $27,000. North Capital Inc. acquired a new position in shares of Genuine Parts in the 1st quarter valued at $28,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Genuine Parts in the 4th quarter valued at $33,000. Finally, Investors Research Corp lifted its stake in shares of 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 purchasing an additional 125 shares during the last quarter. 78.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GPC. Loop Capital upped their price target on Genuine Parts from $155.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Wall Street Zen lowered Genuine Parts from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. UBS Group increased their target price on Genuine Parts from $125.00 to $135.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Evercore ISI decreased their target price on Genuine Parts from $135.00 to $130.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Finally, Truist Financial increased their target price on Genuine Parts from $137.00 to $143.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $135.29.

Genuine Parts Stock Up 0.1%

GPC stock traded up $0.09 during mid-day trading on Tuesday, reaching $133.16. The company had a trading volume of 189,778 shares, compared to its average volume of 1,421,368. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 1.14. The company has a market capitalization of $18.52 billion, a price-to-earnings ratio of 22.92 and a beta of 0.74. The firm has a fifty day simple moving average of $125.04 and a 200 day simple moving average of $121.30. 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 posted its quarterly earnings results on Tuesday, July 22nd. The specialty retailer reported $2.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.08 by $0.02. The company had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.10 billion. Genuine Parts had a return on equity of 22.41% and a net margin of 3.40%. Genuine Parts's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.44 EPS. Analysts forecast that Genuine Parts Company will post 7.9 earnings per share for the current fiscal year.

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.