Fisher Asset Management LLC Has $326,000 Holdings in Genuine Parts (NYSE:GPC)

Fisher Asset Management LLC boosted its position in Genuine Parts (NYSE:GPC) by 4.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,355 shares of the specialty retailer’s stock after buying an additional 103 shares during the quarter. Fisher Asset Management LLC’s holdings in Genuine Parts were worth $326,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Assetmark Inc. grew its position in Genuine Parts by 109.1% in the 4th quarter. Assetmark Inc. now owns 184 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 96 shares during the last quarter. Quarry LP grew its position in Genuine Parts by 138.7% in the 4th quarter. Quarry LP now owns 284 shares of the specialty retailer’s stock worth $39,000 after purchasing an additional 165 shares during the last quarter. Orion Capital Management LLC acquired a new stake in Genuine Parts in the 3rd quarter worth $42,000. Costello Asset Management INC boosted its position in shares of Genuine Parts by 200.0% during the 4th quarter. Costello Asset Management INC now owns 300 shares of the specialty retailer’s stock valued at $42,000 after acquiring an additional 200 shares in the last quarter. Finally, HHM Wealth Advisors LLC acquired a new stake in shares of Genuine Parts during the 4th quarter valued at about $46,000. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on GPC. StockNews.com upgraded shares of Genuine Parts from a “hold” rating to a “buy” rating in a research report on Friday, May 24th. Evercore ISI lifted their target price on shares of Genuine Parts from $160.00 to $165.00 and gave the company an “in-line” rating in a research report on Thursday, June 20th. Jefferies Financial Group lifted their target price on shares of Genuine Parts from $150.00 to $170.00 and gave the company a “hold” rating in a research report on Friday, April 19th. Truist Financial lifted their target price on shares of Genuine Parts from $167.00 to $183.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Finally, Wedbush reiterated a “neutral” rating and set a $170.00 target price (up from $140.00) on shares of Genuine Parts in a research report on Friday, April 19th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $172.44.

Genuine Parts Trading Up 0.5 %

Shares of NYSE GPC opened at $142.07 on Tuesday. Genuine Parts has a 1-year low of $126.35 and a 1-year high of $170.57. The company has a market cap of $19.79 billion, a PE ratio of 15.84 and a beta of 0.92. The company has a current ratio of 1.14, a quick ratio of 0.59 and a debt-to-equity ratio of 0.69. The company has a 50-day moving average of $149.72 and a two-hundred day moving average of $146.51.

Genuine Parts (NYSE:GPC) last announced its earnings results on Thursday, April 18th. The specialty retailer reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.07. The company had revenue of $5.78 billion during the quarter, compared to the consensus estimate of $5.84 billion. Genuine Parts had a net margin of 5.46% and a return on equity of 30.92%. The company’s revenue was up .3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.14 earnings per share. As a group, equities analysts expect that Genuine Parts will post 9.92 earnings per share for the current fiscal year.

Genuine Parts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 7th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend is Friday, June 7th. Genuine Parts’s dividend payout ratio (DPR) is 44.59%.

Insider Buying and Selling

In related news, Director Wendy B. Needham sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $151.29, for a total transaction of $453,870.00. Following the completion of the sale, the director now directly owns 13,006 shares of the company’s stock, valued at $1,967,677.74. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.37% of the stock is currently owned by insiders.

Genuine Parts Company 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.