2 weeks Ago By Defense World Staff
DoubleLine ETF Adviser LP acquired a new stake in shares of Genuine Parts ( NYSE:GPC – Free Report ) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,885 shares of the specialty retailer’s stock, valued at approximately $537,000. Several other institutional investors and hedge funds have also added to or reduced their stakes in GPC.
Manchester Capital Management LLC raised its position in shares of Genuine Parts by 36.1% in the 1st quarter. Manchester Capital Management LLC now owns 249 shares of the specialty retailer’s stock worth $39,000 after purchasing an additional 66 shares during the last quarter.
North Star Investment Management Corp. raised its position in shares of Genuine Parts by 8.5% in the 1st quarter.
North Star Investment Management Corp. now owns 890 shares of the specialty retailer’s stock worth $138,000 after purchasing an additional 70 shares during the last quarter. CHICAGO TRUST Co NA raised its position in shares of Genuine Parts by 3.
6% in the 1st quarter. CHICAGO TRUST Co NA now owns 2,042 shares of the specialty retailer’s stock worth $316,000 after purchasing an additional 71 shares during the last quarter. First Citizens Bank & Trust Co.
raised its position in shares of Genuine Parts by 4.9% in the 2nd quarter. First Citizens Bank & Trust Co.
now owns 1,616 shares of the specialty retailer’s stock worth $224,000 after purchasing an additional 75 shares during the last quarter. Finally, HBK Sorce Advisory LLC raised its position in shares of Genuine Parts by 1.8% in the 1st quarter.
HBK Sorce Advisory LLC now owns 4,437 shares of the specialty retailer’s stock worth $689,000 after purchasing an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 78.83% of the company’s stock.
Analyst Upgrades and Downgrades Several equities analysts have recently issued reports on the company. Evercore ISI lowered their price target on 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. Truist Financial reaffirmed a “buy” rating and issued a $164.00 price target on shares of Genuine Parts in a research report on Wednesday, August 28th.
The Goldman Sachs Group reduced their price objective on Genuine Parts from $166.00 to $162.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th.
Wedbush reduced their price objective on Genuine Parts from $170.00 to $145.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th.
Finally, UBS Group reduced their price objective on Genuine Parts from $165.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, July 3rd.
Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $161.
14. Genuine Parts Trading Up 2.2 % Genuine Parts stock opened at $141.
50 on Friday. The business has a 50-day simple moving average of $139.54 and a two-hundred day simple moving average of $145.
02. The company has a market cap of $19.71 billion, a P/E ratio of 15.
77 and a beta of 0.90. Genuine Parts has a 52-week low of $126.
35 and a 52-week high of $164.45. The company has a quick ratio of 0.
54, a current ratio of 1.12 and a debt-to-equity ratio of 0.66.
Genuine Parts ( NYSE:GPC – Get Free Report ) last released its quarterly earnings results on Tuesday, July 23rd. The specialty retailer reported $2.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.
59 by ($0.15). The firm had revenue of $5.
96 billion for the quarter, compared to the consensus estimate of $6.03 billion. Genuine Parts had a net margin of 5.
24% and a return on equity of 30.03%. The company’s revenue for the quarter was up .
8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.44 earnings per share.
Analysts predict that Genuine Parts will post 9.37 EPS for the current year. Genuine Parts Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st.
Shareholders of record on Friday, September 6th will be paid a dividend of $1.00 per share. The ex-dividend date is Friday, September 6th.
This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.83%.
Genuine Parts’s dividend payout ratio is currently 44.59%. About Genuine Parts ( Free Report ) 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. Further Reading Five stocks we like better than Genuine Parts Russell 2000 Index, How Investors Use it For Profitable Trading Rocket Lab Stock Soars: Should Investors Chase the Rally? The 3 Best Retail Stocks to Shop for in August KB Home Slips After Earnings: What’s Next for Homebuilders? What is the Australian Securities Exchange (ASX) Micron Stock Soars as AI Demand Fuels Big Q4 Earnings Beat Receive News & Ratings for Genuine Parts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genuine Parts and related companies with MarketBeat.
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