Junto Capital Management LP Makes New Investment in Genuine Parts (NYSE:GPC)

Junto Capital Management LP bought a new stake in Genuine Parts (NYSE:GPC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 holdings, making the stock its 17th largest holding. Junto Capital Management LP owned approximately 0.58% of Genuine Parts at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GPC. Millstone Evans Group LLC bought a new stake in Genuine Parts during the 4th quarter worth approximately $25,000. Kestra Investment Management LLC bought a new position in shares of Genuine Parts during the fourth quarter valued at about $28,000. First Command Advisory Services Inc. bought a new position in shares of Genuine Parts during the fourth quarter valued at about $28,000. Compass Planning Associates Inc bought a new position in shares of Genuine Parts during the fourth quarter valued at about $29,000. Finally, Synergy Asset Management LLC bought a new position in shares of Genuine Parts in the fourth quarter valued at approximately $32,000. 78.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on GPC shares. Truist Financial increased their price target on Genuine Parts from $133.00 to $137.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. The Goldman Sachs Group reaffirmed a "sell" rating and set a $114.00 target price (down from $133.00) on shares of Genuine Parts in a research report on Tuesday, April 1st. StockNews.com lowered Genuine Parts from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. Evercore ISI decreased their target price on Genuine Parts from $135.00 to $130.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Finally, Loop Capital initiated coverage on Genuine Parts in a research report on Thursday, January 16th. They set a "buy" rating and a $155.00 target price for the company. One research 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. According to MarketBeat.com, Genuine Parts currently has a consensus rating of "Moderate Buy" and a consensus price target of $130.86.

Genuine Parts Stock Performance

NYSE GPC traded up $1.19 on Friday, hitting $128.67. 2,062,783 shares of the stock traded hands, compared to its average volume of 1,270,492. The business's fifty day moving average is $117.71 and its two-hundred day moving average is $119.62. Genuine Parts has a 12 month low of $104.01 and a 12 month high of $155.22. The firm has a market capitalization of $17.86 billion, a price-to-earnings ratio of 19.89 and a beta of 0.76. 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 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 business had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.83 billion. As a group, equities analysts anticipate that Genuine Parts will post 7.9 EPS for the current fiscal year.

Genuine Parts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th will be given 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 3.20%. 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.