Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Sells 899 Shares of Genuine Parts (NYSE:GPC)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group cut its holdings in shares of Genuine Parts (NYSE:GPC) by 10.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,029 shares of the specialty retailer’s stock after selling 899 shares during the quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Genuine Parts were worth $1,111,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. WD Rutherford LLC acquired a new position in Genuine Parts in the 1st quarter valued at about $26,000. Union Savings Bank grew its holdings in Genuine Parts by 100.0% in the 1st quarter. Union Savings Bank now owns 200 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 100 shares in the last quarter. Thompson Investment Management Inc. acquired a new position in Genuine Parts in the 1st quarter valued at $35,000. Stephens Consulting LLC increased its position in Genuine Parts by 740.7% during the 1st quarter. Stephens Consulting LLC now owns 227 shares of the specialty retailer’s stock worth $35,000 after buying an additional 200 shares during the period. Finally, Quarry LP lifted its holdings in shares of Genuine Parts by 138.7% during the fourth quarter. Quarry LP now owns 284 shares of the specialty retailer’s stock worth $39,000 after buying an additional 165 shares in the last quarter. Institutional investors own 78.83% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on GPC shares. The Goldman Sachs Group decreased 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. StockNews.com upgraded shares of Genuine Parts from a “hold” rating to a “buy” rating in a research report on Saturday, September 7th. Wedbush lowered their price objective on Genuine Parts from $170.00 to $145.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Evercore ISI dropped their price objective on Genuine Parts from $150.00 to $148.00 and set an “in-line” rating for the company in a report on Wednesday, July 24th. Finally, UBS Group reduced their target price on Genuine Parts from $165.00 to $150.00 and set a “neutral” rating on the stock in a report on Wednesday, July 3rd. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $161.14.

Genuine Parts Price Performance

Genuine Parts stock opened at $139.65 on Wednesday. The stock has a fifty day moving average of $139.67 and a 200-day moving average of $144.63. The stock has a market capitalization of $19.45 billion, a P/E ratio of 15.57 and a beta of 0.90. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.54 and a current ratio of 1.12. Genuine Parts has a 52 week low of $126.35 and a 52 week high of $164.45.

Genuine Parts (NYSE:GPC) last posted its 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). The company had revenue of $5.96 billion during 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%. The firm’s revenue was up .8% compared to the same quarter last year. During the same period last year, the company posted $2.44 EPS. On average, sell-side analysts expect that Genuine Parts will post 9.37 earnings per share for the current fiscal year.

Genuine Parts Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend was Friday, September 6th. This represents a $4.00 annualized dividend and a dividend yield of 2.86%. Genuine Parts’s dividend payout ratio (DPR) is presently 44.59%.

Genuine Parts 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.