Jefferies Financial Group Inc. Takes $2.43 Million Position in Genuine Parts (NYSE:GPC)

Jefferies Financial Group Inc. bought a new stake in shares of Genuine Parts (NYSE:GPC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 20,798 shares of the specialty retailer's stock, valued at approximately $2,428,000.

Other institutional investors have also recently made changes to their positions in the company. Caprock Group LLC bought a new stake in Genuine Parts in the fourth quarter valued at $540,000. Dimensional Fund Advisors LP lifted its position in shares of Genuine Parts by 12.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,698,737 shares of the specialty retailer's stock worth $198,338,000 after purchasing an additional 182,965 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of Genuine Parts by 436.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 31,451 shares of the specialty retailer's stock valued at $3,672,000 after purchasing an additional 25,583 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Genuine Parts during the fourth quarter valued at about $21,840,000. Finally, Parvin Asset Management LLC purchased a new position in shares of Genuine Parts during the fourth quarter valued at about $1,320,000. Hedge funds and other institutional investors own 78.83% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Truist Financial upped their price objective on shares of Genuine Parts from $133.00 to $137.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Wall Street Zen cut Genuine Parts from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. Argus raised Genuine Parts to a "strong-buy" rating in a research note on Friday, April 25th. The Goldman Sachs Group restated 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. Finally, Evercore ISI dropped 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 research analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $130.86.

Genuine Parts Stock Performance

NYSE:GPC traded up $0.27 on Friday, hitting $126.64. The stock had a trading volume of 2,359,443 shares, compared to its average volume of 1,291,671. Genuine Parts has a 52-week low of $104.01 and a 52-week high of $149.22. The stock has a market cap of $17.58 billion, a price-to-earnings ratio of 19.57 and a beta of 0.76. 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 business's 50-day simple moving average is $118.91 and its two-hundred day simple moving average is $120.23.

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

Genuine Parts Announces Dividend

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 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 3.25%. Genuine Parts's payout ratio is 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.