Lakeview Capital Partners LLC Purchases 543 Shares of Genuine Parts Company (GPC)

Lakeview Capital Partners LLC raised its position in Genuine Parts Company (NYSE:GPC) by 9.7% during the first quarter, Holdings Channel reports. The fund owned 6,167 shares of the specialty retailer’s stock after buying an additional 543 shares during the period. Lakeview Capital Partners LLC’s holdings in Genuine Parts Company were worth $570,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Thomaspartners Inc. raised its stake in Genuine Parts Company by 10.7% in the first quarter. Thomaspartners Inc. now owns 1,813,046 shares of the specialty retailer’s stock worth $167,544,000 after buying an additional 174,623 shares during the last quarter. Norges Bank acquired a new stake in Genuine Parts Company during the fourth quarter worth approximately $159,718,000. Bank of New York Mellon Corp raised its stake in Genuine Parts Company by 9.2% in the first quarter. Bank of New York Mellon Corp now owns 1,566,394 shares of the specialty retailer’s stock worth $144,750,000 after buying an additional 132,402 shares during the last quarter. Janus Capital Management LLC raised its stake in Genuine Parts Company by 6.1% in the fourth quarter. Janus Capital Management LLC now owns 1,077,688 shares of the specialty retailer’s stock worth $102,962,000 after buying an additional 62,261 shares during the last quarter. Finally, TD Asset Management Inc. raised its stake in Genuine Parts Company by 1.9% in the first quarter. TD Asset Management Inc. now owns 796,886 shares of the specialty retailer’s stock worth $73,640,000 after buying an additional 15,111 shares during the last quarter. 73.85% of the stock is owned by institutional investors and hedge funds.

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

Shares of Genuine Parts Company (GPC) traded down 1.856% during mid-day trading on Tuesday, hitting $91.755. The company had a trading volume of 162,125 shares. The company has a 50-day moving average price of $92.48 and a 200-day moving average price of $94.76. The company has a market capitalization of $13.52 billion, a price-to-earnings ratio of 19.856 and a beta of 1.02. Genuine Parts Company has a 1-year low of $86.61 and a 1-year high of $105.97.

Genuine Parts Company (NYSE:GPC) last released its earnings results on Wednesday, April 19th. The specialty retailer reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.03. Genuine Parts Company had a return on equity of 21.17% and a net margin of 4.44%. The firm had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.85 billion. During the same period in the prior year, the firm earned $1.05 EPS. The firm’s revenue was up 5.0% on a year-over-year basis. On average, equities analysts anticipate that Genuine Parts Company will post $4.81 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Friday, June 9th will be given a $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Wednesday, June 7th. Genuine Parts Company’s payout ratio is 58.44%.

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GPC has been the subject of a number of research analyst reports. Royal Bank Of Canada lifted their target price on Genuine Parts Company from $94.00 to $96.00 and gave the stock a “sector perform” rating in a report on Thursday, April 20th. Zacks Investment Research raised Genuine Parts Company from a “sell” rating to a “hold” rating in a report on Tuesday, April 4th. BidaskClub raised Genuine Parts Company from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $104.00 price objective (up previously from $98.00) on shares of Genuine Parts Company in a report on Saturday, April 22nd. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $95.00 price objective on shares of Genuine Parts Company in a report on Tuesday, April 18th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $102.33.

Genuine Parts Company 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “GPC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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