1,876 Shares in Genuine Parts (NYSE:GPC) Acquired by Good Life Advisors LLC

Good Life Advisors LLC bought a new position in shares of Genuine Parts (NYSE:GPC) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,876 shares of the specialty retailer’s stock, valued at approximately $262,000.

A number of other large investors have also bought and sold shares of the business. WD Rutherford LLC acquired a new stake in Genuine Parts in the 1st quarter valued at $26,000. Thompson Investment Management Inc. bought a new stake in Genuine Parts during the first quarter worth about $35,000. Stephens Consulting LLC boosted its position in Genuine Parts by 740.7% during the first quarter. Stephens Consulting LLC now owns 227 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 200 shares during the last quarter. Manchester Capital Management LLC grew its stake in Genuine Parts by 36.1% in the first quarter. Manchester Capital Management LLC now owns 249 shares of the specialty retailer’s stock valued at $39,000 after purchasing an additional 66 shares in the last quarter. Finally, Triad Wealth Partners LLC acquired a new position in shares of Genuine Parts during the 2nd quarter worth approximately $40,000. 78.83% of the stock is owned by institutional investors.

Genuine Parts Price Performance

Genuine Parts stock opened at $143.17 on Monday. The firm has a market cap of $19.94 billion, a PE ratio of 15.96 and a beta of 0.90. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.12 and a quick ratio of 0.54. The stock’s fifty day moving average price is $138.97 and its two-hundred day moving average price is $143.19. Genuine Parts has a one year low of $126.35 and a one year high of $164.45.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings results on Tuesday, July 23rd. The specialty retailer reported $2.44 EPS for the quarter, missing analysts’ consensus estimates of $2.59 by ($0.15). Genuine Parts had a return on equity of 30.03% and a net margin of 5.24%. The company had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.03 billion. During the same quarter in the previous year, the business posted $2.44 EPS. The firm’s revenue for the quarter was up .8% on a year-over-year basis. As a group, research analysts expect that Genuine Parts will post 9.37 EPS for the current fiscal year.

Genuine Parts Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Truist Financial reissued a “buy” rating and issued a $164.00 target price on shares of Genuine Parts in a research note on Wednesday, August 28th. The Goldman Sachs Group decreased their target price on Genuine Parts from $166.00 to $162.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. UBS Group dropped their price objective on shares of Genuine Parts from $165.00 to $150.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 3rd. JPMorgan Chase & Co. upped their price target on shares of Genuine Parts from $157.00 to $162.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Finally, Evercore ISI cut their price objective on shares of Genuine Parts from $150.00 to $148.00 and set an “in-line” rating for the company in a research report on Wednesday, July 24th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $157.29.

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.