First United Bank & Trust decreased its position in Genuine Parts (NYSE:GPC – Get Rating) by 2.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,825 shares of the specialty retailer's stock after selling 170 shares during the period. First United Bank & Trust's holdings in Genuine Parts were worth $1,184,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of GPC. WD Rutherford LLC acquired a new position in shares of Genuine Parts in the third quarter valued at approximately $25,000. Dupont Capital Management Corp increased its stake in Genuine Parts by 128.0% during the third quarter. Dupont Capital Management Corp now owns 171 shares of the specialty retailer's stock worth $26,000 after acquiring an additional 96 shares during the last quarter. BDO Wealth Advisors LLC increased its position in shares of Genuine Parts by 113.2% in the third quarter. BDO Wealth Advisors LLC now owns 226 shares of the specialty retailer's stock worth $34,000 after acquiring an additional 120 shares in the last quarter. Ronald Blue Trust Inc. purchased a new position in Genuine Parts in the second quarter valued at about $38,000. Finally, Householder Group Estate & Retirement Specialist LLC acquired a new position in Genuine Parts during the 3rd quarter worth approximately $40,000. Hedge funds and other institutional investors own 78.14% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GPC. Wedbush reissued a "neutral" rating on shares of Genuine Parts in a report on Friday, February 24th. The Goldman Sachs Group boosted their target price on Genuine Parts from $147.00 to $157.00 and gave the stock a "sell" rating in a report on Thursday, February 23rd. StockNews.com started coverage on shares of Genuine Parts in a report on Thursday, March 16th. They issued a "buy" rating for the company. Finally, 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $152.20.

Genuine Parts Price Performance

Genuine Parts stock opened at $158.46 on Monday. Genuine Parts has a 12 month low of $124.85 and a 12 month high of $187.73. The stock has a 50-day moving average price of $169.12 and a two-hundred day moving average price of $169.82. The company has a market capitalization of $22.31 billion, a PE ratio of 18.88, a P/E/G ratio of 1.75 and a beta of 0.90. The company has a current ratio of 1.15, a quick ratio of 0.57 and a debt-to-equity ratio of 0.81.

Genuine Parts (NYSE:GPC – Get Rating) last issued its earnings results on Thursday, February 23rd. The specialty retailer reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.15. The firm had revenue of $5.52 billion for the quarter, compared to analyst estimates of $5.33 billion. Genuine Parts had a return on equity of 32.22% and a net margin of 5.35%. The business's revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.79 earnings per share. Analysts expect that Genuine Parts will post 8.93 EPS for the current year.

Genuine Parts Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Shareholders of record on Friday, March 3rd will be issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Thursday, March 2nd. This is a boost from Genuine Parts's previous quarterly dividend of $0.90. Genuine Parts's dividend payout ratio is 45.73%.

About Genuine Parts

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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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