812,504 Shares in Genuine Parts (NYSE:GPC) Acquired by Junto Capital Management LP

Junto Capital Management LP bought a new position in shares of Genuine Parts (NYSE:GPC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 812,504 shares of the specialty retailer's stock, valued at approximately $94,868,000. Genuine Parts makes up approximately 1.8% of Junto Capital Management LP's portfolio, making the stock its 17th largest position. Junto Capital Management LP owned about 0.58% of Genuine Parts as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of GPC. Caprock Group LLC bought a new position in shares of Genuine Parts in the fourth quarter valued at $540,000. Dimensional Fund Advisors LP grew its position in shares of Genuine Parts by 12.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,698,737 shares of the specialty retailer's stock valued at $198,338,000 after acquiring an additional 182,965 shares during the period. Canada Pension Plan Investment Board grew its position in shares of Genuine Parts by 436.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 31,451 shares of the specialty retailer's stock valued at $3,672,000 after acquiring an additional 25,583 shares during the period. Verity & Verity LLC increased its stake in shares of Genuine Parts by 9.7% during the 4th quarter. Verity & Verity LLC now owns 104,473 shares of the specialty retailer's stock worth $12,198,000 after purchasing an additional 9,199 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Genuine Parts in the 4th quarter valued at about $21,840,000. 78.83% of the stock is owned by institutional investors and hedge funds.

Genuine Parts Price Performance

Shares of NYSE GPC traded up $0.35 during midday trading on Wednesday, reaching $121.55. The company's stock had a trading volume of 66,465 shares, compared to its average volume of 1,248,881. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.57 and a current ratio of 1.16. The company has a market cap of $16.87 billion, a P/E ratio of 18.76 and a beta of 0.76. The business's 50 day moving average price is $117.82 and its two-hundred day moving average price is $119.53. Genuine Parts has a fifty-two week low of $104.01 and a fifty-two week high of $158.65.

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. The firm had revenue of $5.87 billion during the quarter, compared to analysts' expectations of $5.83 billion. Genuine Parts had a return on equity of 25.28% and a net margin of 3.85%. On average, analysts forecast that Genuine Parts will post 7.9 EPS for the current fiscal year.

Genuine Parts Announces Dividend

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 given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend is Friday, June 6th. Genuine Parts's payout ratio is presently 67.65%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GPC. Northcoast Research downgraded Genuine Parts from a "buy" rating to a "neutral" rating in a research note on Friday, January 17th. Evercore ISI decreased their price objective 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. Loop Capital began coverage on shares of Genuine Parts in a research note on Thursday, January 16th. They set a "buy" rating and a $155.00 target price for the company. 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 report on Thursday, April 24th. Finally, StockNews.com cut Genuine Parts from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $130.86.

About Genuine Parts

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.