Genuine Parts (GPC) Position Lowered by Fmr LLC

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Fmr LLC decreased its holdings in Genuine Parts (NYSE:GPC) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 176,390 shares of the specialty retailer’s stock after selling 1,271 shares during the quarter. Fmr LLC’s holdings in Genuine Parts were worth $16,937,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the stock. MML Investors Services LLC increased its holdings in Genuine Parts by 17.9% in the third quarter. MML Investors Services LLC now owns 14,087 shares of the specialty retailer’s stock valued at $1,400,000 after buying an additional 2,140 shares during the last quarter. American International Group Inc. increased its holdings in Genuine Parts by 1.0% in the third quarter. American International Group Inc. now owns 180,127 shares of the specialty retailer’s stock valued at $17,905,000 after buying an additional 1,792 shares during the last quarter. Ffcm LLC increased its holdings in Genuine Parts by 43.4% in the third quarter. Ffcm LLC now owns 14,322 shares of the specialty retailer’s stock valued at $108,000 after buying an additional 4,332 shares during the last quarter. FIL Ltd increased its holdings in Genuine Parts by 4.8% in the third quarter. FIL Ltd now owns 24,758 shares of the specialty retailer’s stock valued at $2,461,000 after buying an additional 1,143 shares during the last quarter. Finally, Bank of Hawaii increased its holdings in Genuine Parts by 32.1% in the third quarter. Bank of Hawaii now owns 3,780 shares of the specialty retailer’s stock valued at $376,000 after buying an additional 919 shares during the last quarter. Institutional investors and hedge funds own 75.04% of the company’s stock.

Several brokerages recently weighed in on GPC. Wedbush reissued a “neutral” rating on shares of Genuine Parts in a report on Tuesday, January 15th. Zacks Investment Research lowered Genuine Parts from a “buy” rating to a “hold” rating in a report on Tuesday, February 12th. Evercore ISI began coverage on Genuine Parts in a report on Wednesday. They issued an “in-line” rating and a $110.00 price objective for the company. ValuEngine raised Genuine Parts from a “hold” rating to a “buy” rating in a report on Tuesday, February 19th. Finally, Bank of America raised Genuine Parts from an “underperform” rating to a “neutral” rating in a report on Wednesday, January 9th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $103.60.

NYSE:GPC opened at $107.48 on Friday. The company has a market cap of $15.69 billion, a PE ratio of 18.89, a P/E/G ratio of 3.48 and a beta of 1.03. Genuine Parts has a 52 week low of $85.80 and a 52 week high of $112.18. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.28 and a quick ratio of 0.67.

Genuine Parts (NYSE:GPC) last posted its earnings results on Tuesday, February 19th. The specialty retailer reported $1.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.03. The company had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.56 billion. Genuine Parts had a return on equity of 23.45% and a net margin of 4.33%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.12 earnings per share. Equities research analysts anticipate that Genuine Parts will post 5.94 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 8th will be issued a dividend of $0.7625 per share. The ex-dividend date is Thursday, March 7th. This is a positive change from Genuine Parts’s previous quarterly dividend of $0.72. This represents a $3.05 annualized dividend and a dividend yield of 2.84%. Genuine Parts’s dividend payout ratio is 53.70%.

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About Genuine Parts

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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