Pinkerton Retirement Specialists LLC Grows Holdings in Genuine Parts (NYSE:GPC)

Pinkerton Retirement Specialists LLC increased its position in Genuine Parts (NYSE:GPC - Free Report) by 11.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,541 shares of the specialty retailer's stock after purchasing an additional 3,284 shares during the quarter. Pinkerton Retirement Specialists LLC's holdings in Genuine Parts were worth $3,683,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of GPC. Norges Bank bought a new position in Genuine Parts in the 4th quarter valued at about $206,645,000. Junto Capital Management LP bought a new position in Genuine Parts in the 4th quarter valued at about $94,868,000. Equity Investment Corp bought a new position in Genuine Parts in the 4th quarter valued at about $84,128,000. Alyeska Investment Group L.P. raised its holdings in Genuine Parts by 204.7% in the 4th quarter. Alyeska Investment Group L.P. now owns 789,050 shares of the specialty retailer's stock valued at $92,129,000 after acquiring an additional 530,057 shares during the period. Finally, Invesco Ltd. raised its holdings in Genuine Parts by 18.9% in the 4th quarter. Invesco Ltd. now owns 3,262,229 shares of the specialty retailer's stock valued at $380,898,000 after acquiring an additional 518,851 shares during the period. 78.83% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Truist Financial increased their price target 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. Wall Street Zen cut shares of Genuine Parts from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. Evercore ISI lowered their target price on shares of Genuine Parts from $135.00 to $130.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Argus raised shares of Genuine Parts to a "strong-buy" rating in a report on Friday, April 25th. Finally, The Goldman Sachs Group reaffirmed a "sell" rating and set a $114.00 target price (down from $133.00) on shares of Genuine Parts in a report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Genuine Parts currently has an average rating of "Moderate Buy" and a consensus price target of $130.86.

Genuine Parts Trading Down 0.5%

NYSE GPC traded down $0.58 during mid-day trading on Friday, reaching $126.31. 978,633 shares of the stock were exchanged, compared to its average volume of 1,283,534. Genuine Parts has a one year low of $104.01 and a one year high of $149.22. The stock has a 50 day simple moving average of $118.32 and a 200-day simple moving average of $120.08. The stock has a market cap of $17.53 billion, a P/E ratio of 19.52 and a beta of 0.76. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.16 and a quick ratio of 0.57.

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 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 the consensus estimate of $5.83 billion. On average, analysts anticipate that Genuine Parts will post 7.9 EPS for the current year.

Genuine Parts Dividend Announcement

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 issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date is Friday, June 6th. Genuine Parts's dividend payout ratio is currently 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.