Genuine Parts (NYSE:GPC) Position Raised by Snowden Capital Advisors LLC

Snowden Capital Advisors LLC lifted its position in shares of Genuine Parts (NYSE:GPC - Free Report) by 60.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,338 shares of the specialty retailer's stock after acquiring an additional 3,144 shares during the period. Snowden Capital Advisors LLC's holdings in Genuine Parts were worth $977,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. 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 bought a new position in Genuine Parts in the 4th quarter worth approximately $28,000. First Command Advisory Services Inc. bought a new position in Genuine Parts in the 4th quarter worth approximately $28,000. Compass Planning Associates Inc acquired a new stake in Genuine Parts in the 4th quarter valued at approximately $29,000. Finally, Synergy Asset Management LLC acquired a new position in Genuine Parts during the 4th quarter worth $32,000. Institutional investors own 78.83% of the company's stock.

Genuine Parts Stock Up 0.4%

GPC stock opened at $129.18 on Tuesday. The firm has a market cap of $17.93 billion, a PE ratio of 19.97 and a beta of 0.76. Genuine Parts has a 12 month low of $104.01 and a 12 month high of $153.44. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.16 and a quick ratio of 0.57. The firm has a 50 day simple moving average of $117.96 and a 200 day simple moving average of $119.87.

Genuine Parts (NYSE:GPC - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $5.87 billion for the quarter, compared to analysts' expectations of $5.83 billion. Genuine Parts had a return on equity of 25.28% and a net margin of 3.85%. Equities research analysts forecast that Genuine Parts will post 7.9 earnings per share for the current fiscal year.

Genuine Parts Announces Dividend

The business 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 $1.03 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $4.12 dividend on an annualized basis and a yield of 3.19%. Genuine Parts's dividend payout ratio is currently 67.65%.

Analysts Set New Price Targets

A number of research analysts have recently commented on GPC shares. Argus raised Genuine Parts to a "strong-buy" rating in a report on Friday, April 25th. The Goldman Sachs Group reissued a "sell" rating and set a $114.00 target price (down previously from $133.00) on shares of Genuine Parts in a research note on Tuesday, April 1st. StockNews.com lowered shares of Genuine Parts from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. Evercore ISI decreased their price objective on shares of Genuine Parts from $135.00 to $130.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Finally, Truist Financial boosted their target price on Genuine Parts from $133.00 to $137.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $130.86.

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.

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