2 weeks Ago By ABMN Staff
CreativeOne Wealth LLC cut its holdings in Genuine Parts ( NYSE:GPC – Free Report ) by 54.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,034 shares of the specialty retailer’s stock after selling 2,406 shares during the quarter.
CreativeOne Wealth LLC’s holdings in Genuine Parts were worth $237,000 at the end of the most recent quarter. Other hedge funds have also modified their holdings of the company. Geode Capital Management LLC increased its position in Genuine Parts by 2.
0% during the fourth quarter. Geode Capital Management LLC now owns 3,362,748 shares of the specialty retailer’s stock worth $391,604,000 after buying an additional 65,783 shares in the last quarter. Invesco Ltd.
increased its position in Genuine Parts by 18.9% during the 4th quarter. Invesco Ltd.
now owns 3,262,229 shares of the specialty retailer’s stock worth $380,898,000 after purchasing an additional 518,851 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Genuine Parts by 5.
3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,889,930 shares of the specialty retailer’s stock valued at $337,428,000 after purchasing an additional 145,960 shares during the last quarter.
JPMorgan Chase & Co. lifted its holdings in Genuine Parts by 6.6% in the 3rd quarter.
JPMorgan Chase & Co. now owns 1,840,807 shares of the specialty retailer’s stock valued at $257,124,000 after purchasing an additional 114,180 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Genuine Parts during the 4th quarter worth about $206,645,000.
78.83% of the stock is owned by hedge funds and other institutional investors. Analyst Upgrades and Downgrades A number of equities analysts have recently weighed in on the stock.
Northcoast Research lowered shares of Genuine Parts from a “buy” rating to a “neutral” rating in a research report on Friday, January 17th. Truist Financial increased their price target on Genuine Parts from $129.00 to $133.
00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Loop Capital started coverage on Genuine Parts in a research report on Thursday, January 16th. They issued a “buy” rating and a $155.
00 price objective for the company. Evercore ISI upgraded Genuine Parts from an “in-line” rating to an “outperform” rating and upped their target price for the company from $128.00 to $135.
00 in a research note on Friday, April 4th. Finally, The Goldman Sachs Group reissued a “sell” rating and issued a $114.00 price target (down from $133.
00) on shares of Genuine Parts in a research note on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.
com, the stock currently has an average rating of “Moderate Buy” and an average target price of $131.00. Genuine Parts Stock Performance Shares of NYSE:GPC opened at $114.
02 on Monday. The business has a 50-day moving average of $119.81 and a two-hundred day moving average of $121.
22. The firm has a market capitalization of $15.82 billion, a PE ratio of 17.
62 and a beta of 0.82. The company has a debt-to-equity ratio of 0.
86, a current ratio of 1.16 and a quick ratio of 0.57.
Genuine Parts has a 12 month low of $104.01 and a 12 month high of $163.86.
Genuine Parts ( NYSE:GPC – Get Free Report ) last posted its earnings results on Tuesday, February 18th. The specialty retailer reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.
54 by $0.07. Genuine Parts had a net margin of 3.
85% and a return on equity of 25.28%. The firm had revenue of $5.
77 billion during the quarter, compared to the consensus estimate of $5.71 billion. During the same quarter in the prior year, the company earned $2.
26 EPS. As a group, research analysts forecast that Genuine Parts will post 7.9 earnings per share for the current year.
Genuine Parts Increases Dividend The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 7th were issued a $1.03 dividend.
This is an increase from Genuine Parts’s previous quarterly dividend of $1.00. This represents a $4.
12 annualized dividend and a yield of 3.61%. The ex-dividend date was Friday, March 7th.
Genuine Parts’s dividend payout ratio is currently 63.68%. About Genuine Parts ( Free Report ) 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. See Also Receive News & Ratings for Genuine Parts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genuine Parts and related companies with MarketBeat.
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