Drucker Wealth 3.0 LLC Acquires 198 Shares of Genuine Parts (NYSE:GPC)

Drucker Wealth 3.0 LLC increased its holdings in shares of Genuine Parts (NYSE:GPC) by 0.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,757 shares of the specialty retailer’s stock after purchasing an additional 198 shares during the period. Drucker Wealth 3.0 LLC’s holdings in Genuine Parts were worth $3,318,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. grew its stake in Genuine Parts by 23.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 303,676 shares of the specialty retailer’s stock valued at $42,417,000 after acquiring an additional 56,776 shares during the period. Hendershot Investments Inc. increased its stake in Genuine Parts by 2.9% during the 3rd quarter. Hendershot Investments Inc. now owns 125,007 shares of the specialty retailer’s stock valued at $17,461,000 after purchasing an additional 3,576 shares in the last quarter. EP Wealth Advisors LLC lifted its stake in shares of Genuine Parts by 18.1% in the third quarter. EP Wealth Advisors LLC now owns 17,243 shares of the specialty retailer’s stock valued at $2,409,000 after buying an additional 2,645 shares in the last quarter. Insigneo Advisory Services LLC grew its holdings in shares of Genuine Parts by 62.6% during the third quarter. Insigneo Advisory Services LLC now owns 3,630 shares of the specialty retailer’s stock valued at $507,000 after buying an additional 1,398 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC increased its position in shares of Genuine Parts by 126.9% during the third quarter. Kovitz Investment Group Partners LLC now owns 36,035 shares of the specialty retailer’s stock worth $4,836,000 after acquiring an additional 20,156 shares in the last quarter. 78.83% of the stock is currently owned by institutional investors.

Genuine Parts Price Performance

Shares of NYSE GPC opened at $123.42 on Monday. The firm has a market cap of $17.16 billion, a price-to-earnings ratio of 15.88 and a beta of 0.94. The stock has a fifty day simple moving average of $127.03 and a two-hundred day simple moving average of $135.22. The company has a current ratio of 1.17, a quick ratio of 0.57 and a debt-to-equity ratio of 0.81. Genuine Parts has a 1-year low of $112.74 and a 1-year high of $164.45.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings results on Tuesday, October 22nd. The specialty retailer reported $1.88 earnings per share for the quarter, missing the consensus estimate of $2.42 by ($0.54). The firm had revenue of $6 billion for the quarter, compared to the consensus estimate of $5.94 billion. Genuine Parts had a return on equity of 27.23% and a net margin of 4.67%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.49 EPS. Analysts anticipate that Genuine Parts will post 8.09 earnings per share for the current year.

Genuine Parts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 6th will be paid a $1.00 dividend. The ex-dividend date is Friday, December 6th. This represents a $4.00 dividend on an annualized basis and a yield of 3.24%. Genuine Parts’s dividend payout ratio is 51.48%.

Analyst Upgrades and Downgrades

A number of analysts have commented on GPC shares. Evercore ISI boosted their price objective on Genuine Parts from $155.00 to $160.00 and gave the stock an “in-line” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. decreased their price target on Genuine Parts from $162.00 to $135.00 and set an “overweight” rating for the company in a report on Tuesday, October 22nd. UBS Group dropped their price objective on Genuine Parts from $145.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. The Goldman Sachs Group lowered their target price on shares of Genuine Parts from $162.00 to $138.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Finally, StockNews.com lowered shares of Genuine Parts from a “buy” rating to a “hold” rating in a research report on Wednesday, October 16th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $139.57.

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.