UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $161.06 Million Holdings in Genuine Parts (NYSE:GPC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Genuine Parts (NYSE:GPC - Free Report) by 9.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,379,368 shares of the specialty retailer's stock after purchasing an additional 118,783 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.99% of Genuine Parts worth $161,055,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in 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 position in Genuine Parts during the 4th quarter valued at about $28,000. First Command Advisory Services Inc. acquired a new position in Genuine Parts during the 4th quarter valued at about $28,000. Compass Planning Associates Inc acquired a new position in Genuine Parts during the 4th quarter valued at about $29,000. Finally, Synergy Asset Management LLC acquired a new stake in shares of Genuine Parts in the 4th quarter valued at approximately $32,000. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on GPC shares. 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 research report on Thursday, April 24th. Argus upgraded shares of Genuine Parts to a "strong-buy" rating in a research report on Friday, April 25th. Wall Street Zen downgraded shares of Genuine Parts from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. The Goldman Sachs Group reiterated a "sell" rating and issued a $114.00 price target (down from $133.00) on shares of Genuine Parts in a research report on Tuesday, April 1st. Finally, 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 research report on Wednesday, April 23rd. One equities research 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. According to MarketBeat.com, Genuine Parts presently has a consensus rating of "Moderate Buy" and an average target price of $130.86.

Genuine Parts Stock Performance

Shares of GPC stock opened at $126.91 on Friday. The company has a market capitalization of $17.61 billion, a P/E ratio of 19.62 and a beta of 0.76. Genuine Parts has a 52 week low of $104.01 and a 52 week high of $149.22. The company's 50 day moving average price is $118.27 and its two-hundred day moving average price is $120.04. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.57 and a current ratio of 1.16.

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, beating the consensus estimate of $1.66 by $0.09. Genuine Parts had a return on equity of 25.28% and a net margin of 3.85%. The business had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.83 billion. On average, analysts expect that Genuine Parts will post 7.9 earnings per share for the current fiscal year.

Genuine Parts Dividend Announcement

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 dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend is Friday, June 6th. Genuine Parts's dividend payout ratio is currently 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.

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