Cwm LLC Has $833,000 Stock Holdings in Genuine Parts (NYSE:GPC)

Cwm LLC lessened its stake in Genuine Parts (NYSE:GPC) by 10.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,964 shares of the specialty retailer’s stock after selling 695 shares during the quarter. Cwm LLC’s holdings in Genuine Parts were worth $833,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Strategic Wealth Partners Ltd. increased its stake in shares of Genuine Parts by 9.4% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 2,322 shares of the specialty retailer’s stock worth $324,000 after purchasing an additional 200 shares during the last quarter. Brookstone Capital Management increased its stake in shares of Genuine Parts by 6.2% during the 3rd quarter. Brookstone Capital Management now owns 7,029 shares of the specialty retailer’s stock worth $982,000 after purchasing an additional 412 shares during the last quarter. Leibman Financial Services Inc. acquired a new position in shares of Genuine Parts during the 3rd quarter worth $2,960,000. O Keefe Stevens Advisory Inc. increased its stake in shares of Genuine Parts by 57.0% during the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 3,151 shares of the specialty retailer’s stock worth $440,000 after purchasing an additional 1,144 shares during the last quarter. Finally, Marion Wealth Management increased its stake in shares of Genuine Parts by 7.5% during the 3rd quarter. Marion Wealth Management now owns 13,782 shares of the specialty retailer’s stock worth $1,925,000 after purchasing an additional 963 shares during the last quarter. Institutional investors and hedge funds own 78.83% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on GPC shares. The Goldman Sachs Group dropped their price target on shares of Genuine Parts from $166.00 to $162.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Truist Financial reiterated a “buy” rating and issued a $164.00 target price on shares of Genuine Parts in a research note on Wednesday, August 28th. Wedbush lowered their target price on shares of Genuine Parts from $170.00 to $145.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. StockNews.com lowered shares of Genuine Parts from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. raised their target price on shares of Genuine Parts from $157.00 to $162.00 and gave the company an “overweight” rating in a research note on Wednesday. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Genuine Parts currently has an average rating of “Hold” and a consensus target price of $157.29.

Genuine Parts Price Performance

Shares of Genuine Parts stock opened at $143.21 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.12 and a quick ratio of 0.54. Genuine Parts has a fifty-two week low of $126.35 and a fifty-two week high of $164.45. The firm has a fifty day moving average price of $138.97 and a two-hundred day moving average price of $143.26. The company has a market cap of $19.95 billion, a PE ratio of 15.97 and a beta of 0.90.

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 analysts’ consensus estimates of $2.59 by ($0.15). The business had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.03 billion. Genuine Parts had a return on equity of 30.03% and a net margin of 5.24%. Genuine Parts’s revenue was up .8% on a year-over-year basis. During the same period in the previous year, the business posted $2.44 earnings per share. Analysts expect that Genuine Parts will post 9.37 EPS for the current year.

Genuine Parts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend was Friday, September 6th. Genuine Parts’s payout ratio is 44.59%.

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.