Leibman Financial Services Inc. Acquires 4,271 Shares of Genuine Parts (NYSE:GPC)

Leibman Financial Services Inc. grew its holdings in Genuine Parts (NYSE:GPC) by 20.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,460 shares of the specialty retailer’s stock after acquiring an additional 4,271 shares during the quarter. Genuine Parts accounts for about 2.2% of Leibman Financial Services Inc.’s investment portfolio, making the stock its 21st largest holding. Leibman Financial Services Inc.’s holdings in Genuine Parts were worth $2,973,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. DekaBank Deutsche Girozentrale raised its holdings in Genuine Parts by 1.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 44,715 shares of the specialty retailer’s stock worth $6,127,000 after buying an additional 554 shares during the period. Thoroughbred Financial Services LLC acquired a new stake in shares of Genuine Parts during the second quarter worth $331,000. Envestnet Asset Management Inc. boosted its position 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 worth $75,326,000 after buying an additional 13,753 shares during the period. Brown Brothers Harriman & Co. raised its position in Genuine Parts by 29.6% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 6,037 shares of the specialty retailer’s stock valued at $835,000 after buying an additional 1,378 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake 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 valued at $189,296,000 after acquiring an additional 239,858 shares in the last quarter. Institutional investors and hedge funds own 78.83% of the company’s stock.

Genuine Parts Stock Up 0.5 %

GPC opened at $116.50 on Tuesday. The stock has a fifty day moving average of $120.94 and a 200-day moving average of $130.86. The company has a market capitalization of $16.20 billion, a P/E ratio of 14.99 and a beta of 0.95. Genuine Parts has a fifty-two week low of $112.74 and a fifty-two week high of $164.45. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.57 and a current ratio of 1.17.

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 the consensus estimate of $2.42 by ($0.54). Genuine Parts had a return on equity of 27.23% and a net margin of 4.67%. The business had revenue of $6 billion during the quarter, compared to analyst estimates of $5.94 billion. During the same quarter last year, the firm earned $2.49 EPS. Genuine Parts’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, equities analysts expect that Genuine Parts will post 8.09 EPS for the current year.

Genuine Parts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $4.00 dividend on an annualized basis and a yield of 3.43%. Genuine Parts’s dividend payout ratio (DPR) is presently 51.48%.

Insider Buying and Selling at Genuine Parts

In other news, Director Wendy B. Needham sold 1,608 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $120.78, for a total transaction of $194,214.24. Following the completion of the sale, the director now owns 11,357 shares of the company’s stock, valued at approximately $1,371,698.46. This represents a 12.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.37% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on GPC shares. 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 research note on Wednesday, October 23rd. Truist Financial cut their price target on shares of Genuine Parts from $164.00 to $129.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Genuine Parts from $162.00 to $135.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 22nd. StockNews.com cut shares of Genuine Parts from a “buy” rating to a “hold” rating in a report on Wednesday, October 16th. Finally, Redburn Atlantic upgraded Genuine Parts to a “hold” rating in a report on Monday, November 11th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target 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.