Genuine Parts (NYSE:GPC) Shares Bought by Fiduciary Financial Group LLC

Fiduciary Financial Group LLC lifted its holdings in shares of Genuine Parts (NYSE:GPC) by 9.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,514 shares of the specialty retailer’s stock after buying an additional 225 shares during the period. Fiduciary Financial Group LLC’s holdings in Genuine Parts were worth $336,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in GPC. Wulff Hansen & CO. boosted its position in shares of Genuine Parts by 13,732.0% in the second quarter. Wulff Hansen & CO. now owns 1,566,474 shares of the specialty retailer’s stock worth $216,675,000 after buying an additional 1,555,149 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Genuine Parts by 21.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,368,562 shares of the specialty retailer’s stock worth $189,296,000 after acquiring an additional 239,858 shares during the period. D. E. Shaw & Co. Inc. grew its position in Genuine Parts by 29.6% in the second quarter. D. E. Shaw & Co. Inc. now owns 980,184 shares of the specialty retailer’s stock valued at $135,579,000 after acquiring an additional 223,712 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Genuine Parts by 2.6% during the second quarter. Envestnet Asset Management Inc. now owns 544,579 shares of the specialty retailer’s stock valued at $75,326,000 after purchasing an additional 13,753 shares during the period. Finally, Sugarloaf Wealth Management LLC lifted its position in shares of Genuine Parts by 49.2% during the second quarter. Sugarloaf Wealth Management LLC now owns 467,048 shares of the specialty retailer’s stock worth $673,000 after purchasing an additional 153,981 shares in the last quarter. 78.83% of the stock is owned by hedge funds and other institutional investors.

Genuine Parts Stock Performance

Genuine Parts stock opened at $137.24 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.12 and a quick ratio of 0.54. Genuine Parts has a 12 month low of $126.35 and a 12 month high of $164.45. The company has a fifty day moving average price of $138.60 and a two-hundred day moving average price of $143.63. The company has a market cap of $19.12 billion, a PE ratio of 15.30 and a beta of 0.90.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings data on Tuesday, July 23rd. The specialty retailer reported $2.44 earnings per share for the quarter, missing analysts’ consensus estimates of $2.59 by ($0.15). Genuine Parts had a net margin of 5.24% and a return on equity of 30.03%. The business had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.03 billion. During the same period in the prior year, the company earned $2.44 EPS. Genuine Parts’s quarterly revenue was up .8% on a year-over-year basis. Research analysts expect that Genuine Parts will post 9.37 earnings per share for the current year.

Genuine Parts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were given a dividend of $1.00 per share. The ex-dividend date was Friday, September 6th. This represents a $4.00 dividend on an annualized basis and a yield of 2.91%. Genuine Parts’s dividend payout ratio is currently 44.59%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on GPC shares. The Goldman Sachs Group dropped 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. Wedbush dropped their target price on Genuine Parts from $170.00 to $145.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Evercore ISI reduced their price target 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. UBS Group dropped their price objective on Genuine Parts from $165.00 to $150.00 and set a “neutral” rating on the stock in a report on Wednesday, July 3rd. Finally, StockNews.com cut Genuine Parts from a “buy” rating to a “hold” rating in a research note on Friday, October 4th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $161.14.

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.