U.S. Capital Wealth Advisors LLC Grows Stake in Genuine Parts Company (NYSE:GPC)

U.S. Capital Wealth Advisors LLC lifted its holdings in Genuine Parts Company (NYSE:GPC - Free Report) by 23.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 90,376 shares of the specialty retailer's stock after acquiring an additional 17,089 shares during the period. U.S. Capital Wealth Advisors LLC owned 0.07% of Genuine Parts worth $10,767,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in GPC. Norges Bank bought a new position in shares of Genuine Parts in the 4th quarter valued at about $206,645,000. Junto Capital Management LP bought a new stake in Genuine Parts in the fourth quarter worth about $94,868,000. Alyeska Investment Group L.P. lifted its stake in Genuine Parts by 204.7% in the fourth quarter. Alyeska Investment Group L.P. now owns 789,050 shares of the specialty retailer's stock worth $92,129,000 after purchasing an additional 530,057 shares during the last quarter. Invesco Ltd. lifted its stake in Genuine Parts by 18.9% in 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 during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Genuine Parts in the fourth quarter worth about $57,407,000. Institutional investors own 78.83% of the company's stock.

Genuine Parts Stock Up 0.6%

GPC stock traded up $0.69 during trading on Thursday, hitting $125.94. 1,428,053 shares of the company's stock traded hands, compared to its average volume of 1,302,501. The firm has a market capitalization of $17.48 billion, a P/E ratio of 20.68 and a beta of 0.74. The business has a fifty day simple moving average of $123.41 and a two-hundred day simple moving average of $120.26. The company has a quick ratio of 0.52, a current ratio of 1.15 and a debt-to-equity ratio of 0.85. Genuine Parts Company 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 data 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. The company had revenue of $5.87 billion for 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%. Sell-side analysts anticipate that Genuine Parts Company will post 7.9 EPS for the current year.

Genuine Parts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Friday, June 6th were issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend was Friday, June 6th. Genuine Parts's payout ratio is 67.65%.

Analyst Ratings Changes

GPC has been the subject of several analyst reports. Wall Street Zen downgraded shares of Genuine Parts from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. The Goldman Sachs Group reissued a "sell" rating and issued a $114.00 price objective (down previously from $133.00) on shares of Genuine Parts in a research note on Tuesday, April 1st. Truist Financial raised their price objective on shares of Genuine Parts from $133.00 to $137.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Argus raised shares of Genuine Parts to a "strong-buy" rating in a research report on Friday, April 25th. Finally, Evercore ISI reduced 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. One research analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $130.86.

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.