Buffington Mohr McNeal purchased a new stake in Genuine Parts (NYSE:GPC) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,578 shares of the specialty retailer’s stock, valued at approximately $177,000.
Several other large investors have also recently made changes to their positions in GPC. Clarfeld Financial Advisors LLC acquired a new position in Genuine Parts in the fourth quarter worth approximately $26,000. Essex Savings Bank acquired a new position in Genuine Parts in the fourth quarter worth approximately $27,000. Sontag Advisory LLC acquired a new position in Genuine Parts in the fourth quarter worth approximately $29,000. Lindbrook Capital LLC acquired a new position in Genuine Parts in the fourth quarter worth approximately $31,000. Finally, Berman Capital Advisors LLC acquired a new position in Genuine Parts in the fourth quarter worth approximately $33,000. Institutional investors own 75.68% of the company’s stock.
GPC has been the topic of several recent research reports. Evercore ISI began coverage on shares of Genuine Parts in a research report on Wednesday, March 20th. They issued an “in-line” rating and a $110.00 price target on the stock. Zacks Investment Research lowered shares of Genuine Parts from a “buy” rating to a “hold” rating in a research note on Tuesday, February 12th. Finally, ValuEngine lowered shares of Genuine Parts from a “buy” rating to a “hold” rating in a research note on Friday, April 19th. Six equities research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and a consensus target price of $103.60.
In related news, insider Scott Sonnemaker bought 5,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was bought at an average price of $99.01 per share, with a total value of $495,050.00. Following the purchase, the insider now directly owns 5,000 shares of the company’s stock, valued at approximately $495,050. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 4.50% of the company’s stock.
Genuine Parts stock traded up $0.21 during midday trading on Wednesday, reaching $100.02. The stock had a trading volume of 543,022 shares, compared to its average volume of 950,039. Genuine Parts has a twelve month low of $89.87 and a twelve month high of $115.20. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.64 and a current ratio of 1.20. The firm has a market capitalization of $14.33 billion, a price-to-earnings ratio of 17.61, a P/E/G ratio of 3.20 and a beta of 0.97.
Genuine Parts (NYSE:GPC) last posted its quarterly earnings data on Thursday, April 18th. The specialty retailer reported $1.28 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.03). The firm had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.79 billion. Genuine Parts had a return on equity of 23.46% and a net margin of 4.20%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.27 EPS. Equities analysts forecast that Genuine Parts will post 5.9 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 7th will be paid a dividend of $0.7625 per share. This represents a $3.05 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend is Thursday, June 6th. Genuine Parts’s dividend payout ratio (DPR) is currently 53.70%.
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About Genuine Parts
Genuine Parts Company distributes automotive replacement, industrial parts and materials, and business products in North America, Australia, New Zealand, the United Kingdom, France, Germany, Poland, and Puerto Rico. The company distributes automotive replacement parts for imported vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, and heavy duty equipment; and accessory items for automotive aftermarket, such as repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, industrial concerns, and individuals.
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