Savant Capital LLC Sells 506 Shares of Genuine Parts (NYSE:GPC)

Savant Capital LLC trimmed its stake in shares of Genuine Parts (NYSE:GPC) by 1.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,228 shares of the specialty retailer’s stock after selling 506 shares during the quarter. Savant Capital LLC’s holdings in Genuine Parts were worth $3,771,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Invesco Ltd. increased its holdings in Genuine Parts by 71.1% in the 3rd quarter. Invesco Ltd. now owns 2,590,036 shares of the specialty retailer’s stock worth $373,949,000 after purchasing an additional 1,076,361 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Genuine Parts by 17.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,521,786 shares of the specialty retailer’s stock worth $345,130,000 after buying an additional 367,665 shares during the period. Ameriprise Financial Inc. boosted its position in Genuine Parts by 23.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,633,941 shares of the specialty retailer’s stock worth $235,916,000 after buying an additional 313,438 shares during the period. Stifel Financial Corp grew its holdings in Genuine Parts by 2.0% during the 3rd quarter. Stifel Financial Corp now owns 1,597,765 shares of the specialty retailer’s stock worth $230,687,000 after acquiring an additional 31,155 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Genuine Parts by 4.3% during the third quarter. Northern Trust Corp now owns 1,491,923 shares of the specialty retailer’s stock valued at $215,404,000 after acquiring an additional 61,764 shares during the last quarter. Institutional investors own 78.83% of the company’s stock.

Genuine Parts Stock Down 0.3 %

Genuine Parts stock opened at $156.77 on Thursday. The company has a market capitalization of $21.84 billion, a PE ratio of 17.48 and a beta of 0.94. Genuine Parts has a 12-month low of $126.35 and a 12-month high of $174.91. The firm’s fifty day moving average is $152.75 and its 200 day moving average is $143.09. The company has a quick ratio of 0.59, a current ratio of 1.14 and a debt-to-equity ratio of 0.69.

Genuine Parts (NYSE:GPC) last issued its earnings results on Thursday, April 18th. The specialty retailer reported $2.22 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.07. The business had revenue of $5.78 billion during the quarter, compared to analyst estimates of $5.84 billion. Genuine Parts had a return on equity of 30.92% and a net margin of 5.46%. The firm’s revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.14 EPS. As a group, sell-side analysts predict that Genuine Parts will post 9.89 EPS for the current fiscal year.

Genuine Parts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 7th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date is Friday, June 7th. Genuine Parts’s payout ratio is 44.59%.

Analyst Upgrades and Downgrades

GPC has been the subject of a number of recent research reports. Jefferies Financial Group increased their price objective on Genuine Parts from $150.00 to $170.00 and gave the company a “hold” rating in a report on Friday, April 19th. Evercore ISI reduced their target price on Genuine Parts from $160.00 to $155.00 and set an “in-line” rating on the stock in a report on Tuesday, April 16th. StockNews.com upgraded shares of Genuine Parts from a “hold” rating to a “buy” rating in a report on Friday, April 5th. Wedbush reaffirmed a “neutral” rating and issued a $170.00 price objective (up from $140.00) on shares of Genuine Parts in a research note on Friday, April 19th. Finally, Truist Financial increased their price objective on shares of Genuine Parts from $167.00 to $183.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Genuine Parts has a consensus rating of “Hold” and an average target price of $173.10.

Insider Buying and Selling

In other Genuine Parts news, Director Wendy B. Needham sold 3,250 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $154.92, for a total transaction of $503,490.00. Following the transaction, the director now owns 14,397 shares in the company, valued at $2,230,383.24. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.37% of the stock is owned by company insiders.

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.