Stephens Inc. AR Grows Position in Genuine Parts Company (NYSE:GPC)

Stephens Inc. AR grew its holdings in shares of Genuine Parts Company (NYSE:GPC - Free Report) by 34.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,302 shares of the specialty retailer's stock after buying an additional 18,448 shares during the quarter. Stephens Inc. AR owned 0.05% of Genuine Parts worth $8,495,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of GPC. Geode Capital Management LLC lifted its position in shares of Genuine Parts by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 3,362,748 shares of the specialty retailer's stock worth $391,604,000 after purchasing an additional 65,783 shares in the last quarter. Invesco Ltd. lifted its position in shares of Genuine Parts by 18.9% during the fourth quarter. Invesco Ltd. now owns 3,262,229 shares of the specialty retailer's stock worth $380,898,000 after purchasing an additional 518,851 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Genuine Parts by 21.6% during the fourth quarter. Stifel Financial Corp now owns 2,502,852 shares of the specialty retailer's stock worth $292,233,000 after purchasing an additional 445,259 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Genuine Parts by 5.1% during the fourth quarter. Ameriprise Financial Inc. now owns 2,136,214 shares of the specialty retailer's stock worth $249,426,000 after purchasing an additional 104,343 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Genuine Parts during the fourth quarter worth $206,645,000. 78.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GPC has been the topic of several recent analyst reports. Truist Financial upped 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. The Goldman Sachs Group reaffirmed a "sell" rating and issued a $114.00 price target (down from $133.00) on shares of Genuine Parts in a report on Tuesday, April 1st. Evercore ISI cut their price target 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. Finally, Argus raised shares of Genuine Parts to a "strong-buy" rating in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $130.86.

Genuine Parts Stock Down 1.2%

Genuine Parts stock opened at $124.53 on Monday. The company has a 50-day simple moving average of $123.67 and a 200-day simple moving average of $120.42. The firm has a market capitalization of $17.28 billion, a P/E ratio of 20.45 and a beta of 0.74. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.52 and a current ratio of 1.15. Genuine Parts Company has a one year low of $104.01 and a one year high of $149.22.

Genuine Parts (NYSE:GPC - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The specialty retailer reported $1.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.66 by $0.09. The firm had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.83 billion. Genuine Parts had a net margin of 3.60% and a return on equity of 23.71%. As a group, equities analysts expect that Genuine Parts Company will post 7.9 earnings per share for the current year.

Genuine Parts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Friday, June 6th were given a $1.03 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $4.12 dividend on an annualized basis and a yield of 3.31%. Genuine Parts's dividend payout ratio is presently 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.

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