Mn Services Vermogensbeheer B.V. Has $6.08 Million Position in Genuine Parts Company (NYSE:GPC)

Mn Services Vermogensbeheer B.V. lowered its stake in shares of Genuine Parts Company (NYSE:GPC - Free Report) by 7.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,006 shares of the specialty retailer's stock after selling 4,000 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Genuine Parts were worth $6,077,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its holdings in shares of Genuine Parts by 12.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,698,737 shares of the specialty retailer's stock valued at $198,338,000 after acquiring an additional 182,965 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of Genuine Parts by 436.0% in 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 during the period. Proficio Capital Partners LLC acquired a new position in Genuine Parts during the fourth quarter worth $21,840,000. Parvin Asset Management LLC acquired a new position in Genuine Parts during the fourth quarter worth $1,320,000. Finally, FORA Capital LLC raised its position in shares of Genuine Parts by 410.9% in the fourth quarter. FORA Capital LLC now owns 26,332 shares of the specialty retailer's stock valued at $3,075,000 after buying an additional 21,178 shares during the last quarter. Institutional investors own 78.83% of the company's stock.

Analyst Ratings Changes

GPC has been the subject of several research analyst reports. Argus raised shares of Genuine Parts to a "strong-buy" rating in a research note on Friday, April 25th. The Goldman Sachs Group reissued a "sell" rating and issued a $114.00 price objective (down from $133.00) on shares of Genuine Parts in a research note on Tuesday, April 1st. Wall Street Zen lowered shares of Genuine Parts from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. Truist Financial boosted their target price on shares of Genuine Parts from $133.00 to $137.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Finally, Evercore ISI dropped their price objective on shares of Genuine Parts from $135.00 to $130.00 and set an "outperform" rating for the company 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 issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $130.86.

Genuine Parts Price Performance

GPC stock traded up $0.76 during trading on Friday, hitting $119.63. The company had a trading volume of 1,665,367 shares, compared to its average volume of 1,300,379. The company has a fifty day moving average price of $121.28 and a two-hundred day moving average price of $119.99. The company has a current ratio of 1.15, a quick ratio of 0.52 and a debt-to-equity ratio of 0.85. The company has a market cap of $16.60 billion, a P/E ratio of 19.64 and a beta of 0.76. Genuine Parts Company 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 released its earnings results on Tuesday, April 22nd. The specialty retailer reported $1.75 earnings per share for the quarter, topping analysts' consensus estimates of $1.66 by $0.09. The company had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.83 billion. Genuine Parts had a return on equity of 23.71% and a net margin of 3.60%. Equities research analysts expect that Genuine Parts Company will post 7.9 earnings per share for the current fiscal year.

Genuine Parts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors 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 yield of 3.44%. Genuine Parts's dividend payout ratio (DPR) is presently 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.