8,350 Shares in Genuine Parts (NYSE:GPC) Bought by Woodline Partners LP

Woodline Partners LP bought a new stake in Genuine Parts (NYSE:GPC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,350 shares of the specialty retailer's stock, valued at approximately $975,000.

A number of other institutional investors also recently modified their holdings of GPC. Millstone Evans Group LLC bought a new position in shares of Genuine Parts in the fourth quarter worth about $25,000. Kestra Investment Management LLC acquired a new stake in Genuine Parts during the 4th quarter valued at approximately $28,000. First Command Advisory Services Inc. acquired a new stake in shares of Genuine Parts during the 4th quarter worth approximately $28,000. Compass Planning Associates Inc acquired a new stake in shares of Genuine Parts during the 4th quarter worth approximately $29,000. Finally, Synergy Asset Management LLC acquired a new stake in shares of Genuine Parts during the 4th quarter worth approximately $32,000. Institutional investors own 78.83% of the company's stock.

Genuine Parts Price Performance

NYSE:GPC traded up $0.27 during mid-day trading on Friday, reaching $126.64. The stock had a trading volume of 2,359,443 shares, compared to its average volume of 1,290,833. 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 has a one year low of $104.01 and a one year high of $149.22. The firm has a 50 day moving average price of $118.91 and a two-hundred day moving average price of $120.21. The stock has a market capitalization of $17.58 billion, a P/E ratio of 19.57 and a beta of 0.76.

Genuine Parts (NYSE:GPC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The specialty retailer reported $1.75 earnings per share 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 firm had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.83 billion. As a group, analysts expect that Genuine Parts will post 7.9 earnings per share for the current year.

Genuine Parts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th will be paid a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $4.12 annualized dividend and a dividend yield of 3.25%. Genuine Parts's dividend payout ratio (DPR) is presently 67.65%.

Analysts Set New Price Targets

GPC has been the topic of a number of recent research reports. Wall Street Zen cut Genuine Parts from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. Argus raised Genuine Parts to a "strong-buy" rating in a report on Friday, April 25th. Truist Financial lifted their price objective on Genuine Parts from $133.00 to $137.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Evercore ISI reduced their target price on Genuine Parts from $135.00 to $130.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Finally, The Goldman Sachs Group reissued 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 issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Genuine Parts 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.