Siemens Fonds Invest GmbH Raises Position in Genuine Parts (NYSE:GPC)

Siemens Fonds Invest GmbH lifted its position in shares of Genuine Parts (NYSE:GPC - Free Report) by 166.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,826 shares of the specialty retailer's stock after purchasing an additional 4,268 shares during the period. Siemens Fonds Invest GmbH's holdings in Genuine Parts were worth $797,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Millstone Evans Group LLC purchased a new stake in shares of Genuine Parts during the 4th quarter worth $25,000. Kestra Investment Management LLC purchased a new stake in shares of Genuine Parts during the 4th quarter worth $28,000. First Command Advisory Services Inc. purchased a new stake in shares of Genuine Parts during the 4th quarter worth $28,000. Compass Planning Associates Inc purchased a new stake in shares of Genuine Parts during the 4th quarter worth $29,000. Finally, Synergy Asset Management LLC purchased a new position in shares of Genuine Parts in the 4th quarter valued at $32,000. 78.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Genuine Parts Stock Performance

NYSE:GPC traded up $0.27 during trading hours on Friday, reaching $126.64. 2,359,443 shares of the company's stock were exchanged, compared to its average volume of 1,291,671. The firm has a market capitalization of $17.58 billion, a price-to-earnings ratio of 19.57 and a beta of 0.76. The company has a 50-day moving average of $118.91 and a 200 day moving average of $120.23. The company has a quick ratio of 0.57, a current ratio of 1.16 and a debt-to-equity ratio of 0.86. Genuine Parts has a 1-year low of $104.01 and a 1-year high of $149.22.

Genuine Parts (NYSE:GPC - Get Free Report) last issued its quarterly 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 firm had revenue of $5.87 billion during the quarter, compared to analysts' expectations of $5.83 billion. Genuine Parts had a net margin of 3.85% and a return on equity of 25.28%. Research analysts anticipate that Genuine Parts will post 7.9 EPS for the current year.

Genuine Parts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Friday, June 6th. 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.