MassMutual Private Wealth & Trust FSB Has $4.31 Million Holdings in Genuine Parts (NYSE:GPC)

MassMutual Private Wealth & Trust FSB trimmed its position in Genuine Parts (NYSE:GPC) by 8.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 36,945 shares of the specialty retailer’s stock after selling 3,268 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Genuine Parts were worth $4,314,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Ellsworth Advisors LLC boosted its stake in Genuine Parts by 36.1% in the 4th quarter. Ellsworth Advisors LLC now owns 43,680 shares of the specialty retailer’s stock worth $5,100,000 after purchasing an additional 11,588 shares during the period. Romano Brothers AND Company lifted its holdings in shares of Genuine Parts by 73.5% in the fourth quarter. Romano Brothers AND Company now owns 21,725 shares of the specialty retailer’s stock valued at $2,537,000 after purchasing an additional 9,200 shares in the last quarter. J2 Capital Management Inc acquired a new stake in shares of Genuine Parts in the fourth quarter worth $347,000. Monarch Capital Management Inc. grew its holdings in shares of Genuine Parts by 6.1% during the fourth quarter. Monarch Capital Management Inc. now owns 31,459 shares of the specialty retailer’s stock valued at $3,696,000 after buying an additional 1,803 shares in the last quarter. Finally, Sanibel Captiva Trust Company Inc. lifted its stake in Genuine Parts by 14.5% in the 4th quarter. Sanibel Captiva Trust Company Inc. now owns 9,069 shares of the specialty retailer’s stock worth $1,059,000 after acquiring an additional 1,150 shares in the last quarter. 78.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. UBS Group lowered their target price 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. Truist Financial lowered their price objective on shares of Genuine Parts from $164.00 to $129.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Northcoast Research lowered shares of Genuine Parts from a “buy” rating to a “neutral” rating in a research note on Friday. Wedbush lowered their price target on shares of Genuine Parts from $145.00 to $120.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Finally, StockNews.com lowered Genuine Parts from a “buy” rating to a “hold” rating in a report on Wednesday, October 16th. Eight research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Genuine Parts currently has a consensus rating of “Hold” and an average target price of $141.50.

Insider Buying and Selling

In related news, Director Wendy B. Needham sold 1,608 shares of Genuine Parts stock in a transaction on Friday, December 13th. The shares were sold at an average price of $120.78, for a total value of $194,214.24. Following the transaction, the director now owns 11,357 shares in the company, valued at $1,371,698.46. This trade represents a 12.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.37% of the stock is owned by insiders.

Genuine Parts Price Performance

NYSE GPC opened at $118.43 on Tuesday. Genuine Parts has a fifty-two week low of $112.74 and a fifty-two week high of $164.45. The stock’s 50-day moving average is $120.61 and its two-hundred day moving average is $130.26. The firm has a market cap of $16.47 billion, a P/E ratio of 15.24 and a beta of 0.95. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.17 and a quick ratio of 0.57.

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

Genuine Parts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date was Friday, December 6th. Genuine Parts’s payout ratio is 51.48%.

About Genuine Parts

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.