Quantinno Capital Management LP Buys 8,790 Shares of Genuine Parts (NYSE:GPC)

Quantinno Capital Management LP lifted its position in Genuine Parts (NYSE:GPC - Free Report) by 77.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,101 shares of the specialty retailer's stock after acquiring an additional 8,790 shares during the quarter. Quantinno Capital Management LP's holdings in Genuine Parts were worth $2,347,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of GPC. Millstone Evans Group LLC acquired a new position in Genuine Parts during the 4th quarter valued at about $25,000. Kestra Investment Management LLC acquired a new stake in Genuine Parts in the 4th quarter valued at about $28,000. First Command Advisory Services Inc. acquired a new position in shares of Genuine Parts in the 4th quarter worth $28,000. Compass Planning Associates Inc acquired a new stake in Genuine Parts during the 4th quarter worth about $29,000. Finally, Synergy Asset Management LLC acquired a new position in shares of Genuine Parts in the fourth quarter worth about $32,000. Institutional investors own 78.83% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on GPC shares. Wall Street Zen lowered Genuine Parts from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. Truist Financial increased their price objective on Genuine Parts from $133.00 to $137.00 and gave the company a "buy" rating in a report on Thursday, April 24th. The Goldman Sachs Group reissued a "sell" rating and set a $114.00 target price (down previously from $133.00) on shares of Genuine Parts in a research report on Tuesday, April 1st. Argus raised Genuine Parts to a "strong-buy" rating in a research report on Friday, April 25th. Finally, Evercore ISI reduced their price objective on Genuine Parts from $135.00 to $130.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $130.86.

Genuine Parts Stock Performance

GPC stock traded down $0.58 during midday trading on Monday, hitting $126.31. The stock had a trading volume of 978,633 shares, compared to its average volume of 1,283,534. The firm has a market capitalization of $17.53 billion, a price-to-earnings ratio of 19.52 and a beta of 0.76. The stock has a 50-day simple moving average of $118.32 and a 200 day simple moving average of $120.06. Genuine Parts has a 52 week low of $104.01 and a 52 week high of $149.22. The company has a current ratio of 1.16, a quick ratio of 0.57 and a debt-to-equity ratio of 0.86.

Genuine Parts (NYSE:GPC - Get Free Report) last released its quarterly earnings data 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 company had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.83 billion. As a group, equities research analysts anticipate that Genuine Parts will post 7.9 earnings per share for the current year.

Genuine Parts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 6th will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend is Friday, June 6th. Genuine Parts's dividend payout ratio is currently 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.