Illinois Municipal Retirement Fund Has $5.29 Million Stock Holdings in Genuine Parts (NYSE:GPC)

Illinois Municipal Retirement Fund decreased its holdings in Genuine Parts (NYSE:GPC - Free Report) by 55.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,170 shares of the specialty retailer's stock after selling 47,172 shares during the period. Illinois Municipal Retirement Fund's holdings in Genuine Parts were worth $5,287,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of GPC. OFI Invest Asset Management purchased a new stake in shares of Genuine Parts in the 3rd quarter valued at approximately $25,000. Milestone Investment Advisors LLC acquired a new position in shares of Genuine Parts during the 3rd quarter worth about $28,000. Briaud Financial Planning Inc purchased a new position in shares of Genuine Parts in the 3rd quarter valued at about $28,000. Authentikos Wealth Advisory LLC acquired a new stake in shares of Genuine Parts during the 3rd quarter worth about $40,000. Finally, Orion Capital Management LLC purchased a new stake in Genuine Parts during the third quarter worth approximately $42,000. Hedge funds and other institutional investors own 78.83% of the company's stock.

Genuine Parts Price Performance

NYSE GPC traded down $1.58 during trading hours on Wednesday, reaching $161.80. The company's stock had a trading volume of 1,157,701 shares, compared to its average volume of 1,064,903. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.59 and a current ratio of 1.14. The stock has a market cap of $22.54 billion, a PE ratio of 18.04 and a beta of 0.94. The company's 50-day moving average is $151.08 and its two-hundred day moving average is $142.62. Genuine Parts has a fifty-two week low of $126.35 and a fifty-two week high of $174.91.

Genuine Parts (NYSE:GPC - Get Free Report) last issued its quarterly earnings data on Thursday, April 18th. The specialty retailer reported $2.22 earnings per share for the quarter, topping analysts' consensus estimates of $2.15 by $0.07. Genuine Parts had a net margin of 5.46% and a return on equity of 30.92%. The business had revenue of $5.78 billion during the quarter, compared to analysts' expectations of $5.84 billion. During the same period last year, the company posted $2.14 EPS. The company's revenue was up .3% on a year-over-year basis. Analysts forecast that Genuine Parts will post 9.89 EPS for the current year.

Genuine Parts Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were paid a dividend of $1.00 per share. The ex-dividend date was Thursday, February 29th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.47%. This is a positive change from Genuine Parts's previous quarterly dividend of $0.95. Genuine Parts's dividend payout ratio (DPR) is presently 44.59%.

Analyst Ratings Changes

A number of research analysts recently commented on GPC shares. Jefferies Financial Group increased their target price on shares of Genuine Parts from $150.00 to $170.00 and gave the company a "hold" rating in a research report on Friday, April 19th. Truist Financial lifted their target price on Genuine Parts from $167.00 to $183.00 and gave the company a "buy" rating in a research note on Friday, April 19th. Evercore ISI decreased their price target on Genuine Parts from $160.00 to $155.00 and set an "in-line" rating for the company in a report on Tuesday, April 16th. StockNews.com raised shares of Genuine Parts from a "hold" rating to a "buy" rating in a research note on Friday, April 5th. Finally, Wedbush restated a "neutral" rating and issued a $170.00 target price (up previously from $140.00) on shares of Genuine Parts in a research note on Friday, April 19th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $173.10.

Insider Buying and Selling

In related news, Director Wendy B. Needham sold 3,250 shares of the firm's stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $154.92, for a total transaction of $503,490.00. Following the sale, the director now owns 14,397 shares in the company, valued at $2,230,383.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.37% of the stock is currently owned by company insiders.

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.