Sequoia Financial Advisors LLC raised its holdings in Genuine Parts (NYSE:GPC – Get Rating) by 35.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,701 shares of the specialty retailer's stock after buying an additional 700 shares during the period. Sequoia Financial Advisors LLC's holdings in Genuine Parts were worth $469,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GPC. WD Rutherford LLC bought a new stake in Genuine Parts in the third quarter valued at approximately $25,000. Dupont Capital Management Corp raised its stake in Genuine Parts by 128.0% in the third quarter. Dupont Capital Management Corp now owns 171 shares of the specialty retailer's stock valued at $26,000 after buying an additional 96 shares during the period. BDO Wealth Advisors LLC raised its stake in Genuine Parts by 113.2% in the third quarter. BDO Wealth Advisors LLC now owns 226 shares of the specialty retailer's stock valued at $34,000 after buying an additional 120 shares during the period. Ronald Blue Trust Inc. bought a new stake in Genuine Parts in the second quarter valued at approximately $38,000. Finally, Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of Genuine Parts in the third quarter valued at approximately $40,000. Institutional investors own 78.14% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on GPC. Truist Financial raised Genuine Parts from a "hold" rating to a "buy" rating and set a $186.00 target price on the stock in a research report on Friday, March 24th. Wedbush reaffirmed a "neutral" rating on shares of Genuine Parts in a research report on Friday, February 24th. StockNews.com began coverage on Genuine Parts in a research report on Thursday, March 16th. They issued a "buy" rating on the stock. Finally, The Goldman Sachs Group upped their target price on Genuine Parts from $147.00 to $157.00 and gave the company a "sell" rating in a research report on Thursday, February 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $152.20.

Genuine Parts Trading Up 1.5 %

Shares of NYSE:GPC opened at $161.34 on Wednesday. The company has a market capitalization of $22.72 billion, a P/E ratio of 19.42, a P/E/G ratio of 1.75 and a beta of 0.90. Genuine Parts has a 1 year low of $124.85 and a 1 year high of $187.73. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.15 and a quick ratio of 0.57. The business's 50 day simple moving average is $168.76 and its 200 day simple moving average is $169.79.

Genuine Parts (NYSE:GPC – Get Rating) last issued its quarterly earnings results on Thursday, February 23rd. The specialty retailer reported $2.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.90 by $0.15. The business had revenue of $5.52 billion for the quarter, compared to the consensus estimate of $5.33 billion. Genuine Parts had a return on equity of 32.22% and a net margin of 5.35%. The firm's quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.79 earnings per share. On average, research analysts anticipate that Genuine Parts will post 8.93 EPS for the current fiscal year.

Genuine Parts Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 3rd. Investors of record on Friday, March 3rd will be given a dividend of $0.95 per share. The ex-dividend date is Thursday, March 2nd. This represents a $3.80 dividend on an annualized basis and a yield of 2.36%. This is an increase from Genuine Parts's previous quarterly dividend of $0.90. Genuine Parts's dividend payout ratio is currently 45.73%.

Genuine Parts Company Profile

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Genuine Parts Co engages in the distribution of automotive and industrial replacement parts. It operates through the following segments: Automotive Parts Group, Industrial Parts Group, and Corporate. The Automotive Parts Group segment distributes replacement parts, other than body parts for substantially all makes and models of automobiles, trucks, and other vehicles.

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