Massmutual Trust Co. FSB ADV Sells 422 Shares of Genuine Parts (NYSE:GPC)

Massmutual Trust Co. FSB ADV trimmed its stake in Genuine Parts (NYSE:GPC) by 1.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,748 shares of the specialty retailer’s stock after selling 422 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Genuine Parts were worth $5,775,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in GPC. Assetmark Inc. boosted its stake in shares of 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 purchasing an additional 96 shares in the last quarter. WD Rutherford LLC acquired a new stake in Genuine Parts during the 1st quarter worth approximately $26,000. Union Savings Bank boosted its position in Genuine Parts by 100.0% during the 1st quarter. Union Savings Bank now owns 200 shares of the specialty retailer’s stock worth $31,000 after buying an additional 100 shares during the period. Thompson Investment Management Inc. acquired a new stake in Genuine Parts during the 1st quarter worth approximately $35,000. Finally, Stephens Consulting LLC raised its holdings in Genuine Parts by 740.7% during the 1st quarter. Stephens Consulting LLC now owns 227 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 200 shares during the last quarter. 78.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Genuine Parts

In other Genuine Parts news, Director Wendy B. Needham sold 3,000 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $1,967,677.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GPC. UBS Group lowered their price target on shares of Genuine Parts from $165.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, July 3rd. Evercore ISI lowered their price target on shares of Genuine Parts from $150.00 to $148.00 and set an “in-line” rating for the company in a report on Wednesday, July 24th. Wedbush lowered their price objective on shares of Genuine Parts from $170.00 to $145.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. The Goldman Sachs Group lowered their price objective on shares of Genuine Parts from $166.00 to $162.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Finally, Truist Financial lowered their price objective on shares of Genuine Parts from $183.00 to $164.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $161.14.

Genuine Parts Trading Down 2.9 %

Shares of Genuine Parts stock traded down $4.08 on Monday, hitting $138.44. The stock had a trading volume of 1,062,150 shares, compared to its average volume of 1,034,954. The company has a quick ratio of 0.54, a current ratio of 1.12 and a debt-to-equity ratio of 0.66. Genuine Parts has a one year low of $126.35 and a one year high of $164.45. The stock has a market cap of $19.29 billion, a price-to-earnings ratio of 15.42 and a beta of 0.92. The stock’s 50-day simple moving average is $139.87 and its two-hundred day simple moving average is $146.61.

Genuine Parts (NYSE:GPC) last released its quarterly earnings results on Tuesday, July 23rd. The specialty retailer reported $2.44 earnings per share for the quarter, missing the consensus estimate of $2.59 by ($0.15). The company had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.03 billion. Genuine Parts had a net margin of 5.24% and a return on equity of 30.03%. The business’s revenue was up .8% on a year-over-year basis. During the same quarter last year, the firm earned $2.44 EPS. As a group, sell-side analysts predict that Genuine Parts will post 9.36 EPS for the current year.

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.