Blair William & Co. IL Has $1.47 Million Holdings in Genuine Parts (NYSE:GPC)

Blair William & Co. IL boosted its position in shares of Genuine Parts (NYSE:GPC) by 8.0% in the second quarter, Holdings Channel reports. The fund owned 10,624 shares of the specialty retailer’s stock after acquiring an additional 785 shares during the period. Blair William & Co. IL’s holdings in Genuine Parts were worth $1,470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC raised its holdings in Genuine Parts by 4.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,498 shares of the specialty retailer’s stock valued at $1,311,000 after acquiring an additional 439 shares in the last quarter. Amalgamated Bank raised its stake in shares of Genuine Parts by 26.9% in the second quarter. Amalgamated Bank now owns 36,809 shares of the specialty retailer’s stock valued at $5,091,000 after purchasing an additional 7,799 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Genuine Parts during the 2nd quarter worth about $1,582,000. Edgestream Partners L.P. boosted its position in shares of Genuine Parts by 266.5% during the 2nd quarter. Edgestream Partners L.P. now owns 6,007 shares of the specialty retailer’s stock valued at $831,000 after acquiring an additional 4,368 shares in the last quarter. Finally, Wulff Hansen & CO. increased its stake in Genuine Parts by 13,732.0% in the second quarter. Wulff Hansen & CO. now owns 1,566,474 shares of the specialty retailer’s stock valued at $216,675,000 after acquiring an additional 1,555,149 shares during the period. 78.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Truist Financial reissued a “buy” rating and issued a $164.00 target price on shares of Genuine Parts in a report on Wednesday, August 28th. The Goldman Sachs Group cut their price objective on Genuine Parts from $166.00 to $162.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Wedbush lowered their target price on shares of Genuine Parts from $170.00 to $145.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Evercore ISI cut their price target on shares of Genuine Parts from $150.00 to $148.00 and set an “in-line” rating for the company in a report on Wednesday, July 24th. Finally, UBS Group decreased their price objective on shares of Genuine Parts from $165.00 to $150.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 3rd. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $161.14.

Genuine Parts Stock Up 0.5 %

GPC stock opened at $137.74 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.12 and a quick ratio of 0.54. The stock has a market capitalization of $19.19 billion, a P/E ratio of 15.36 and a beta of 0.90. Genuine Parts has a fifty-two week low of $126.35 and a fifty-two week high of $164.45. The business has a 50-day moving average of $139.66 and a 200-day moving average of $145.17.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings data on Tuesday, July 23rd. The specialty retailer reported $2.44 EPS for the quarter, missing analysts’ consensus estimates of $2.59 by ($0.15). The business had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.03 billion. Genuine Parts had a return on equity of 30.03% and a net margin of 5.24%. The company’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.44 earnings per share. On average, sell-side analysts anticipate that Genuine Parts will post 9.37 earnings per share for the current fiscal year.

Genuine Parts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th will be paid a dividend of $1.00 per share. The ex-dividend date is Friday, September 6th. This represents a $4.00 annualized dividend and a dividend yield of 2.90%. Genuine Parts’s dividend payout ratio is presently 44.59%.

Genuine Parts 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.