United Services Automobile Association Has $12 Million Holdings in Genuine Parts (GPC)

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United Services Automobile Association trimmed its position in Genuine Parts (NYSE:GPC) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 124,954 shares of the specialty retailer’s stock after selling 1,361 shares during the period. United Services Automobile Association owned 0.09% of Genuine Parts worth $11,998,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Frontier Investment Mgmt Co. boosted its stake in shares of Genuine Parts by 0.8% during the 4th quarter. Frontier Investment Mgmt Co. now owns 14,104 shares of the specialty retailer’s stock valued at $1,354,000 after purchasing an additional 109 shares in the last quarter. Private Capital Group LLC raised its holdings in shares of Genuine Parts by 38.3% during the fourth quarter. Private Capital Group LLC now owns 469 shares of the specialty retailer’s stock valued at $45,000 after purchasing an additional 130 shares during the last quarter. Creative Planning raised its holdings in shares of Genuine Parts by 1.0% during the fourth quarter. Creative Planning now owns 13,740 shares of the specialty retailer’s stock valued at $1,319,000 after purchasing an additional 130 shares during the last quarter. CIBC Private Wealth Group LLC increased its holdings in Genuine Parts by 1.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 13,552 shares of the specialty retailer’s stock valued at $1,301,000 after buying an additional 144 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in Genuine Parts by 0.3% during the fourth quarter. LPL Financial LLC now owns 46,788 shares of the specialty retailer’s stock valued at $4,493,000 after buying an additional 144 shares during the last quarter. 74.76% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have commented on GPC. ValuEngine raised shares of Genuine Parts from a “hold” rating to a “buy” rating in a report on Tuesday, February 19th. Zacks Investment Research cut shares of Genuine Parts from a “buy” rating to a “hold” rating in a report on Tuesday, February 12th. Wedbush reaffirmed a “neutral” rating on shares of Genuine Parts in a report on Tuesday, January 15th. Finally, Bank of America raised shares of Genuine Parts from an “underperform” rating to a “neutral” rating in a report on Wednesday, January 9th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $102.00.

GPC stock traded down $0.19 during midday trading on Friday, reaching $106.91. 7,480 shares of the company’s stock traded hands, compared to its average volume of 994,403. Genuine Parts has a 52-week low of $85.80 and a 52-week high of $112.18. The stock has a market cap of $15.64 billion, a P/E ratio of 18.84, a P/E/G ratio of 3.46 and a beta of 1.03. The company has a current ratio of 1.28, a quick ratio of 0.67 and a debt-to-equity ratio of 0.70.

Genuine Parts (NYSE:GPC) last announced its earnings results on Tuesday, February 19th. The specialty retailer reported $1.35 EPS for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.03. Genuine Parts had a net margin of 4.33% and a return on equity of 23.45%. The business had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $4.56 billion. During the same period in the prior year, the company earned $1.12 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. As a group, equities analysts forecast that Genuine Parts will post 5.94 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 8th will be given a $0.7625 dividend. This is a positive change from Genuine Parts’s previous quarterly dividend of $0.72. This represents a $3.05 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend is Thursday, March 7th. Genuine Parts’s dividend payout ratio is presently 53.70%.

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Genuine Parts Profile

Genuine Parts Company distributes automotive replacement and industrial parts, electrical and electronic materials, and business products in the United States, Canada, Mexico, Australasia, France, the United Kingdom, Germany, and Poland. The company distributes automotive replacement parts for imported vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, and heavy duty equipment through 57 NAPA automotive parts distribution centers and 1,100 NAPA AUTO PARTS stores.

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

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