HBW Advisory Services LLC Has $2.45 Million Stock Holdings in Genuine Parts (NYSE:GPC)

HBW Advisory Services LLC grew its stake in Genuine Parts (NYSE:GPC - Free Report) by 22.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,532 shares of the specialty retailer's stock after acquiring an additional 3,736 shares during the period. HBW Advisory Services LLC's holdings in Genuine Parts were worth $2,446,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Millstone Evans Group LLC bought a new stake in Genuine Parts in the fourth quarter valued at about $25,000. Kestra Investment Management LLC acquired a new stake in shares of Genuine Parts in the 4th quarter valued at approximately $28,000. First Command Advisory Services Inc. bought a new position in Genuine Parts during the 4th quarter worth approximately $28,000. Compass Planning Associates Inc acquired a new position in Genuine Parts during the fourth quarter valued at approximately $29,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in Genuine Parts in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 78.83% of the company's stock.

Wall Street Analysts Forecast Growth

GPC has been the subject of a number of research reports. Wall Street Zen downgraded Genuine Parts from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. The Goldman Sachs Group reaffirmed a "sell" rating and set a $114.00 price target (down from $133.00) on shares of Genuine Parts in a research note on Tuesday, April 1st. Truist Financial boosted their price objective on shares of Genuine Parts from $133.00 to $137.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Argus raised shares of Genuine Parts to a "strong-buy" rating in a research report on Friday, April 25th. Finally, Evercore ISI lowered 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 note on Wednesday, April 23rd. One equities research 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, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $130.86.

Genuine Parts Stock Performance

NYSE GPC traded down $0.21 during trading on Thursday, reaching $126.07. 734,710 shares of the company's stock were exchanged, compared to its average volume of 1,288,048. 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 business has a 50 day moving average price of $119.41 and a 200-day moving average price of $120.32. The stock has a market capitalization of $17.50 billion, a P/E ratio of 19.49 and a beta of 0.76. Genuine Parts 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, April 22nd. The specialty retailer reported $1.75 earnings per share for the quarter, beating 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 business had revenue of $5.87 billion for the quarter, compared to analysts' expectations of $5.83 billion. Sell-side 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 announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders 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 3.27%. The ex-dividend date is Friday, June 6th. Genuine Parts's dividend payout ratio is presently 67.65%.

Genuine Parts 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.