Twin Capital Management Inc. Has $791,000 Stock Holdings in Genuine Parts Company (NYSE:GPC)

Twin Capital Management Inc. decreased its holdings in shares of Genuine Parts Company (NYSE:GPC - Free Report) by 26.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 6,641 shares of the specialty retailer's stock after selling 2,346 shares during the period. Twin Capital Management Inc.'s holdings in Genuine Parts were worth $791,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in GPC. Millstone Evans Group LLC bought a new stake in shares of Genuine Parts during the 4th quarter valued at $25,000. Rossby Financial LCC bought a new stake in shares of Genuine Parts in the 1st quarter valued at $25,000. Olde Wealth Management LLC bought a new stake in shares of Genuine Parts in the 1st quarter valued at $27,000. North Capital Inc. acquired a new stake in shares of Genuine Parts in the 1st quarter valued at about $28,000. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Genuine Parts in the 4th quarter valued at about $33,000. Institutional investors own 78.83% of the company's stock.

Analysts Set New Price Targets

GPC has been the topic of a number of recent research reports. Wall Street Zen downgraded Genuine Parts from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. Evercore ISI reduced their price target on Genuine Parts from $135.00 to $130.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Truist Financial lifted their price target on Genuine Parts from $133.00 to $137.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Argus upgraded Genuine Parts to a "strong-buy" rating in a report on Friday, April 25th. Finally, The Goldman Sachs Group restated a "sell" rating and set a $114.00 price objective (down previously from $133.00) on shares of Genuine Parts in a report on Tuesday, April 1st. One analyst has rated the stock with a sell rating, five have issued 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 has an average rating of "Moderate Buy" and an average price target of $130.86.

Genuine Parts Stock Down 0.6%

NYSE GPC opened at $122.82 on Monday. The business has a fifty day moving average price of $124.24 and a two-hundred day moving average price of $120.66. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.15 and a quick ratio of 0.52. Genuine Parts Company has a fifty-two week low of $104.01 and a fifty-two week high of $149.22. The stock has a market capitalization of $17.05 billion, a PE ratio of 20.17 and a beta of 0.74.

Genuine Parts (NYSE:GPC - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The specialty retailer reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 3.60% and a return on equity of 23.71%. Equities analysts expect that Genuine Parts Company will post 7.9 earnings per share for the current fiscal year.

Genuine Parts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Friday, June 6th were issued a $1.03 dividend. The ex-dividend date was Friday, June 6th. This represents a $4.12 dividend on an annualized basis and a yield of 3.35%. Genuine Parts's payout ratio is 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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