Yousif Capital Management LLC Acquires 8,170 Shares of Genuine Parts (NYSE:GPC)

Yousif Capital Management LLC increased its position in shares of Genuine Parts (NYSE:GPC - Free Report) by 12.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 74,061 shares of the specialty retailer's stock after acquiring an additional 8,170 shares during the period. Yousif Capital Management LLC owned about 0.05% of Genuine Parts worth $8,824,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Millstone Evans Group LLC acquired a new stake in shares of Genuine Parts in the 4th quarter valued at $25,000. Kestra Investment Management LLC acquired a new stake in Genuine Parts in the fourth quarter valued at about $28,000. First Command Advisory Services Inc. bought a new position in Genuine Parts in the fourth quarter valued at about $28,000. Compass Planning Associates Inc acquired a new position in Genuine Parts during the fourth quarter worth about $29,000. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of Genuine Parts in the fourth quarter worth about $33,000. 78.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GPC has been the topic of several research reports. Truist Financial lifted their price target on shares of Genuine Parts from $133.00 to $137.00 and gave the company a "buy" rating in a report on Thursday, April 24th. Wall Street Zen cut shares of Genuine Parts from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. The Goldman Sachs Group reiterated a "sell" rating and set a $114.00 price target (down from $133.00) on shares of Genuine Parts in a report on Tuesday, April 1st. Evercore ISI cut their price objective on Genuine Parts from $135.00 to $130.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Finally, Argus upgraded Genuine Parts to a "strong-buy" rating in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $130.86.

Genuine Parts Trading Down 2.2%

NYSE:GPC traded down $2.70 during trading hours on Friday, hitting $119.43. 1,231,217 shares of the company were exchanged, compared to its average volume of 1,296,097. The stock has a market capitalization of $16.58 billion, a price-to-earnings ratio of 18.46 and a beta of 0.76. Genuine Parts has a one year low of $104.01 and a one year high of $149.22. The company has a fifty day simple moving average of $120.58 and a 200 day simple moving average of $120.25. The company has a current ratio of 1.16, a quick ratio of 0.57 and a debt-to-equity ratio of 0.86.

Genuine Parts (NYSE:GPC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The specialty retailer reported $1.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.66 by $0.09. Genuine Parts had a return on equity of 25.28% and a net margin of 3.85%. The company had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.83 billion. Sell-side analysts expect that Genuine Parts will post 7.9 EPS for the current fiscal year.

Genuine Parts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date is Friday, June 6th. Genuine Parts's dividend payout ratio is currently 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.