UMB Bank n.a. Has $2.57 Million Position in Genuine Parts (NYSE:GPC)

UMB Bank n.a. decreased its position in shares of Genuine Parts (NYSE:GPC) by 13.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,388 shares of the specialty retailer’s stock after selling 2,943 shares during the quarter. UMB Bank n.a.’s holdings in Genuine Parts were worth $2,568,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GPC. WD Rutherford LLC bought a new stake in shares of Genuine Parts in the first quarter worth about $26,000. Union Savings Bank boosted its stake in Genuine Parts by 100.0% in the 1st quarter. Union Savings Bank now owns 200 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 100 shares during the period. Thompson Investment Management Inc. bought a new position in Genuine Parts during the 1st quarter worth about $35,000. Stephens Consulting LLC raised its stake in shares of Genuine Parts by 740.7% in the 1st quarter. Stephens Consulting LLC now owns 227 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 200 shares during the period. Finally, Quarry LP lifted its holdings in shares of Genuine Parts by 138.7% in the fourth quarter. Quarry LP now owns 284 shares of the specialty retailer’s stock valued at $39,000 after purchasing an additional 165 shares in the last quarter. Institutional investors and hedge funds own 78.83% of the company’s stock.

Genuine Parts Stock Performance

NYSE:GPC opened at $133.44 on Friday. The company has a market cap of $18.59 billion, a price-to-earnings ratio of 15.44 and a beta of 0.90. Genuine Parts has a fifty-two week low of $126.35 and a fifty-two week high of $164.45. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.54 and a current ratio of 1.12. The stock has a fifty day moving average price of $138.71 and a 200-day moving average price of $143.81.

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

Genuine Parts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend was Friday, September 6th. Genuine Parts’s payout ratio is 46.30%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GPC. The Goldman Sachs Group decreased their target price on shares of Genuine Parts from $166.00 to $162.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. UBS Group decreased their target price on shares of Genuine Parts from $165.00 to $150.00 and set a “neutral” rating for the company in a research note on Wednesday, July 3rd. StockNews.com lowered shares of Genuine Parts from a “buy” rating to a “hold” rating in a research report on Friday, October 4th. Wedbush dropped their target price on shares of Genuine Parts from $170.00 to $145.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Finally, Evercore ISI cut their target price on shares of Genuine Parts from $150.00 to $148.00 and set an “in-line” rating for the company in a research note on Wednesday, July 24th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Genuine Parts has an average rating of “Hold” and an average price target 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.