ICW Investment Advisors LLC Has $1.15 Million Holdings in Genuine Parts (NYSE:GPC)

ICW Investment Advisors LLC decreased its holdings in shares of Genuine Parts (NYSE:GPC) by 2.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,323 shares of the specialty retailer’s stock after selling 193 shares during the quarter. ICW Investment Advisors LLC’s holdings in Genuine Parts were worth $1,151,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of GPC. Manchester Capital Management LLC grew its holdings in Genuine Parts by 36.1% during the 1st quarter. Manchester Capital Management LLC now owns 249 shares of the specialty retailer’s stock worth $39,000 after acquiring an additional 66 shares during the period. North Star Investment Management Corp. lifted its stake in Genuine Parts by 8.5% in the first quarter. North Star Investment Management Corp. now owns 890 shares of the specialty retailer’s stock valued at $138,000 after buying an additional 70 shares during the period. CHICAGO TRUST Co NA boosted its holdings in Genuine Parts by 3.6% during the first quarter. CHICAGO TRUST Co NA now owns 2,042 shares of the specialty retailer’s stock worth $316,000 after buying an additional 71 shares during the last quarter. First Citizens Bank & Trust Co. grew its position in shares of Genuine Parts by 4.9% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 1,616 shares of the specialty retailer’s stock worth $224,000 after buying an additional 75 shares during the period. Finally, Checchi Capital Advisers LLC increased its stake in shares of Genuine Parts by 2.2% in the 4th quarter. Checchi Capital Advisers LLC now owns 3,530 shares of the specialty retailer’s stock valued at $489,000 after acquiring an additional 76 shares during the last quarter. 78.83% of the stock is owned by institutional investors.

Genuine Parts Stock Down 0.0 %

GPC stock traded down $0.04 during trading hours on Friday, reaching $137.30. 31,017 shares of the stock were exchanged, compared to its average volume of 986,750. The company has a market cap of $19.13 billion, a price-to-earnings ratio of 15.31 and a beta of 0.92. The firm’s 50-day moving average is $139.22 and its 200-day moving average is $146.16. Genuine Parts has a 12 month low of $126.35 and a 12 month high of $164.45. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.12 and a quick ratio of 0.54.

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

Genuine Parts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 6th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Friday, September 6th. Genuine Parts’s dividend payout ratio (DPR) is currently 44.59%.

Analyst Ratings Changes

Several research analysts recently weighed in on GPC shares. The Goldman Sachs Group reduced their price objective on shares of Genuine Parts from $166.00 to $162.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Wedbush reduced their price target on shares of Genuine Parts from $170.00 to $145.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. UBS Group lowered their price objective on shares of Genuine Parts from $165.00 to $150.00 and set a “neutral” rating for the company in a research report on Wednesday, July 3rd. StockNews.com upgraded Genuine Parts from a “hold” rating to a “buy” rating in a report on Thursday, August 29th. Finally, Evercore ISI lowered their price target on Genuine Parts from $150.00 to $148.00 and set an “in-line” rating for the company in a report on Wednesday, July 24th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price 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.