HBW Advisory Services LLC Has $2.18 Million Stock Position in Genuine Parts (NYSE:GPC)

HBW Advisory Services LLC raised its holdings in shares of Genuine Parts (NYSE:GPC) by 6.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,631 shares of the specialty retailer’s stock after purchasing an additional 952 shares during the period. HBW Advisory Services LLC’s holdings in Genuine Parts were worth $2,183,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. SG Americas Securities LLC boosted its stake in Genuine Parts by 557.9% in the third quarter. SG Americas Securities LLC now owns 262,645 shares of the specialty retailer’s stock valued at $36,686,000 after acquiring an additional 222,723 shares during the last quarter. Czech National Bank boosted its position in shares of Genuine Parts by 6.9% in the 3rd quarter. Czech National Bank now owns 28,380 shares of the specialty retailer’s stock worth $3,964,000 after purchasing an additional 1,835 shares during the last quarter. Central Pacific Bank Trust Division grew its stake in shares of Genuine Parts by 2.5% during the third quarter. Central Pacific Bank Trust Division now owns 12,597 shares of the specialty retailer’s stock worth $1,760,000 after purchasing an additional 302 shares during the period. Verity & Verity LLC increased its holdings in Genuine Parts by 2.1% in the second quarter. Verity & Verity LLC now owns 88,427 shares of the specialty retailer’s stock valued at $12,231,000 after purchasing an additional 1,826 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in Genuine Parts during the second quarter worth about $3,437,000. Institutional investors own 78.83% of the company’s stock.

Genuine Parts Stock Up 0.0 %

Shares of NYSE GPC traded up $0.02 during trading on Friday, hitting $136.59. 277,793 shares of the company traded hands, compared to its average volume of 963,898. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.54 and a current ratio of 1.12. The business’s fifty day moving average is $139.70 and its 200 day moving average is $144.53. The firm has a market capitalization of $19.03 billion, a price-to-earnings ratio of 15.29 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.

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

Genuine Parts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th were issued a $1.00 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $4.00 annualized dividend and a dividend yield of 2.93%. Genuine Parts’s dividend payout ratio is currently 44.59%.

Analyst Ratings Changes

GPC has been the subject of a number of recent analyst reports. The Goldman Sachs Group lowered their price target on Genuine Parts from $166.00 to $162.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Evercore ISI dropped their price objective on shares of Genuine Parts from $150.00 to $148.00 and set an “in-line” rating for the company in a research note on Wednesday, July 24th. 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. StockNews.com raised Genuine Parts from a “hold” rating to a “buy” rating in a report on Saturday, September 7th. Finally, Wedbush dropped their target price on shares of Genuine Parts from $170.00 to $145.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $161.14.

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.