Ausdal Financial Partners Inc. Increases Position in Genuine Parts Co. (GPC)

Ausdal Financial Partners Inc. increased its stake in Genuine Parts Co. (NYSE:GPC) by 10.3% during the second quarter, Holdings Channel reports. The firm owned 8,234 shares of the company’s stock after buying an additional 766 shares during the period. Ausdal Financial Partners Inc.’s holdings in Genuine Parts were worth $834,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Ngam Advisors L.P. raised its stake in Genuine Parts by 23.7% in the first quarter. Ngam Advisors L.P. now owns 12,549 shares of the company’s stock valued at $1,247,000 after buying an additional 2,408 shares during the last quarter. Teachers Advisors Inc. raised its stake in Genuine Parts by 22.9% in the first quarter. Teachers Advisors Inc. now owns 195,874 shares of the company’s stock valued at $19,462,000 after buying an additional 36,518 shares during the last quarter. NN Investment Partners Holdings N.V. acquired a new stake in Genuine Parts during the first quarter valued at about $100,000. Royce & Associates LP raised its stake in Genuine Parts by 21.4% in the first quarter. Royce & Associates LP now owns 127,149 shares of the company’s stock valued at $12,634,000 after buying an additional 22,449 shares during the last quarter. Finally, M&T Bank Corp raised its stake in Genuine Parts by 3.8% in the first quarter. M&T Bank Corp now owns 42,124 shares of the company’s stock valued at $4,185,000 after buying an additional 1,554 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Institutional Ownership by Quarter for Genuine Parts (NYSE:GPC)

Genuine Parts Co. (NYSE:GPC) traded down 0.15% during trading on Monday, reaching $97.86. 305,132 shares of the company were exchanged. The company’s 50-day moving average price is $99.65 and its 200-day moving average price is $99.13. The stock has a market capitalization of $14.57 billion, a P/E ratio of 21.14 and a beta of 0.92. Genuine Parts Co. has a 1-year low of $76.50 and a 1-year high of $105.97.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Friday, September 9th were paid a $0.6575 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $2.63 dividend on an annualized basis and a dividend yield of 2.68%. Genuine Parts’s payout ratio is currently 56.68%.

Several analysts have issued reports on GPC shares. Zacks Investment Research lowered shares of Genuine Parts from a “hold” rating to a “sell” rating in a research report on Tuesday, June 21st. Gabelli lowered shares of Genuine Parts from a “buy” rating to a “hold” rating and set a $106.00 price target for the company. in a research report on Thursday, July 14th. Jefferies Group lowered shares of Genuine Parts from a “buy” rating to a “hold” rating and set a $112.00 price target for the company. in a research report on Friday, July 15th. Wedbush restated a “neutral” rating and set a $98.00 price target on shares of Genuine Parts in a research report on Wednesday, July 20th. Finally, Argus restated a “buy” rating and set a $108.00 price target (up from $106.00) on shares of Genuine Parts in a research report on Monday, July 25th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $99.82.

Genuine Parts Company Profile

Genuine Parts Company is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. The Company’s segments include Automotive, Industrial, Office Products Group, Electrical/Electronic Materials and Other.

5 Day Chart for NYSE:GPC

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