Yousif Capital Management LLC Boosts Stock Holdings in Genuine Parts (NYSE:GPC)

Yousif Capital Management LLC increased its stake in shares of Genuine Parts (NYSE:GPC - Free Report) by 12.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,061 shares of the specialty retailer's stock after purchasing an additional 8,170 shares during the period. Yousif Capital Management LLC owned 0.05% of Genuine Parts worth $8,824,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in GPC. Strategic Wealth Partners Ltd. lifted its position in shares of Genuine Parts by 4.2% during the fourth quarter. Strategic Wealth Partners Ltd. now owns 2,420 shares of the specialty retailer's stock worth $302,000 after purchasing an additional 98 shares during the last quarter. Veracity Capital LLC raised its stake in shares of Genuine Parts by 4.9% during the 1st quarter. Veracity Capital LLC now owns 2,147 shares of the specialty retailer's stock worth $256,000 after purchasing an additional 100 shares in the last quarter. New York Life Investment Management LLC lifted its position in shares of Genuine Parts by 0.6% in the fourth quarter. New York Life Investment Management LLC now owns 18,743 shares of the specialty retailer's stock worth $2,188,000 after buying an additional 108 shares during the last quarter. Pinnacle Financial Partners Inc lifted its position in shares of Genuine Parts by 2.5% during the 4th quarter. Pinnacle Financial Partners Inc now owns 4,630 shares of the specialty retailer's stock worth $541,000 after purchasing an additional 115 shares during the last quarter. Finally, Gallagher Fiduciary Advisors LLC increased its stake in Genuine Parts by 4.7% during the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 2,647 shares of the specialty retailer's stock valued at $309,000 after acquiring an additional 118 shares during the period. Institutional investors and hedge funds own 78.83% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on GPC. Argus upgraded Genuine Parts to a "strong-buy" rating in a research note on Friday, April 25th. The Goldman Sachs Group reaffirmed 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. Truist Financial raised their price objective 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. Evercore ISI decreased 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. Finally, Wall Street Zen cut shares of Genuine Parts from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $130.86.

Genuine Parts Trading Down 1.5%

GPC traded down $1.91 during trading hours on Thursday, reaching $121.39. 338,923 shares of the company's stock traded hands, compared to its average volume of 1,287,433. Genuine Parts has a 52-week low of $104.01 and a 52-week high of $149.22. The company has a quick ratio of 0.57, a current ratio of 1.16 and a debt-to-equity ratio of 0.86. The firm has a 50-day moving average price of $120.07 and a 200 day moving average price of $120.40. The firm has a market capitalization of $16.85 billion, a PE ratio of 18.76 and a beta of 0.76.

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

Genuine Parts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $4.12 annualized dividend and a dividend yield of 3.39%. Genuine Parts's dividend payout ratio is currently 67.65%.

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.