Railway Pension Investments Ltd Lowers Stock Position in Genuine Parts (NYSE:GPC)

Railway Pension Investments Ltd decreased its position in Genuine Parts (NYSE:GPC) by 94.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,900 shares of the specialty retailer’s stock after selling 152,000 shares during the quarter. Railway Pension Investments Ltd’s holdings in Genuine Parts were worth $1,379,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assetmark Inc. grew its position in Genuine Parts by 109.1% in the 4th quarter. Assetmark Inc. now owns 184 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 96 shares during the last quarter. WD Rutherford LLC purchased a new stake in shares of Genuine Parts during the 1st quarter worth about $26,000. Union Savings Bank boosted its holdings 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 acquiring an additional 100 shares during the period. Thompson Investment Management Inc. purchased a new position in Genuine Parts in the 1st quarter worth approximately $35,000. Finally, Stephens Consulting LLC boosted its holdings in Genuine Parts by 740.7% in the 1st quarter. Stephens Consulting LLC now owns 227 shares of the specialty retailer’s stock worth $35,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 78.83% of the company’s stock.

Insider Transactions at Genuine Parts

In related news, Director Wendy B. Needham sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $151.29, for a total transaction of $453,870.00. Following the completion of the transaction, the director now owns 13,006 shares in the company, valued at $1,967,677.74. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.37% of the stock is owned by insiders.

Genuine Parts Price Performance

NYSE GPC traded down $0.96 during trading on Friday, hitting $142.52. 1,062,186 shares of the company’s stock were exchanged, compared to its average volume of 1,304,695. The company has a market cap of $19.86 billion, a PE ratio of 15.89 and a beta of 0.92. The company has a current ratio of 1.12, a quick ratio of 0.54 and a debt-to-equity ratio of 0.66. Genuine Parts has a fifty-two week low of $126.35 and a fifty-two week high of $164.45. The stock’s 50 day moving average price is $139.87 and its two-hundred day moving average price is $146.50.

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 return on equity of 30.03% and a net margin of 5.24%. The company had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.03 billion. During the same period last year, the business earned $2.44 EPS. The business’s quarterly revenue was up .8% compared to the same quarter last year. Research analysts expect that Genuine Parts will post 9.36 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on GPC. Truist Financial lowered their price objective on Genuine Parts from $183.00 to $164.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. Wedbush dropped their price target on Genuine Parts from $170.00 to $145.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. UBS Group decreased their price objective on Genuine Parts from $165.00 to $150.00 and set a “neutral” rating for the company in a research report on Wednesday, July 3rd. Jefferies Financial Group lifted their price target on Genuine Parts from $150.00 to $170.00 and gave the company a “hold” rating in a report on Friday, April 19th. Finally, Evercore ISI dropped their price target on Genuine Parts from $150.00 to $148.00 and set an “in-line” rating on the stock in a research report on Wednesday, July 24th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $161.14.

Genuine Parts Company 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.