GTS Securities LLC Sells 9,491 Shares of Genuine Parts (NYSE:GPC)

GTS Securities LLC trimmed its holdings in Genuine Parts (NYSE:GPC - Free Report) by 83.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,845 shares of the specialty retailer's stock after selling 9,491 shares during the quarter. GTS Securities LLC's holdings in Genuine Parts were worth $215,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Strategic Wealth Partners Ltd. boosted 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 acquiring an additional 98 shares during the last quarter. Hartford Financial Management Inc. lifted its stake in Genuine Parts by 0.5% in the 4th quarter. Hartford Financial Management Inc. now owns 18,715 shares of the specialty retailer's stock worth $2,185,000 after purchasing an additional 99 shares in the last quarter. New York Life Investment Management LLC grew its position in shares of Genuine Parts by 0.6% during the fourth quarter. New York Life Investment Management LLC now owns 18,743 shares of the specialty retailer's stock valued at $2,188,000 after purchasing an additional 108 shares in the last quarter. Pinnacle Financial Partners Inc grew its position in shares of Genuine Parts by 2.5% during the fourth quarter. Pinnacle Financial Partners Inc now owns 4,630 shares of the specialty retailer's stock valued at $541,000 after purchasing an additional 115 shares in the last quarter. Finally, Gallagher Fiduciary Advisors LLC increased its holdings in shares of Genuine Parts by 4.7% in the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 2,647 shares of the specialty retailer's stock worth $309,000 after purchasing an additional 118 shares during the last quarter. 78.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GPC has been the subject of a number of research reports. Argus raised Genuine Parts to a "strong-buy" rating in a research note on Friday, April 25th. Truist Financial increased their target price on Genuine Parts from $133.00 to $137.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. Evercore ISI reduced their price target on shares of Genuine Parts from $135.00 to $130.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. The Goldman Sachs Group reaffirmed a "sell" rating and set a $114.00 price target (down previously from $133.00) on shares of Genuine Parts in a research note on Tuesday, April 1st. 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 issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Genuine Parts currently has a consensus rating of "Moderate Buy" and an average target price of $130.86.

Genuine Parts Trading Up 1.3%

NYSE GPC traded up $1.70 on Monday, hitting $128.22. 1,131,738 shares of the stock were exchanged, compared to its average volume of 1,290,187. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.57 and a current ratio of 1.16. Genuine Parts has a 52-week low of $104.01 and a 52-week high of $149.22. The firm has a market capitalization of $17.80 billion, a P/E ratio of 19.82 and a beta of 0.76. The stock has a fifty day moving average price of $118.91 and a two-hundred day moving average price of $120.18.

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

Genuine Parts Announces Dividend

The firm 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 dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date is Friday, June 6th. 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.