Genuine Parts Company (GPC) Stake Held by Botty Investors LLC
Botty Investors LLC continued to hold its position in Genuine Parts Company (NYSE:GPC) during the second quarter, Holdings Channel reports. The institutional investor owned 47,940 shares of the specialty retailer’s stock at the end of the second quarter. Genuine Parts accounts for about 1.4% of Botty Investors LLC’s investment portfolio, making the stock its 14th largest position. Botty Investors LLC’s holdings in Genuine Parts were worth $4,479,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Pinnacle Bank purchased a new position in Genuine Parts during the first quarter worth about $115,000. Global X Management Co. LLC raised its position in Genuine Parts by 29.3% in the first quarter. Global X Management Co. LLC now owns 1,644 shares of the specialty retailer’s stock worth $152,000 after buying an additional 373 shares during the period. Washington Trust Bank raised its position in Genuine Parts by 334.3% in the first quarter. Washington Trust Bank now owns 1,963 shares of the specialty retailer’s stock worth $181,000 after buying an additional 1,511 shares during the period. Tompkins Financial Corp raised its position in Genuine Parts by 146.7% in the first quarter. Tompkins Financial Corp now owns 1,875 shares of the specialty retailer’s stock worth $186,000 after buying an additional 1,115 shares during the period. Finally, State of Alaska Department of Revenue purchased a new position in Genuine Parts during the first quarter worth about $208,000. Institutional investors own 73.51% of the company’s stock.
Genuine Parts Company (NYSE:GPC) opened at 83.77 on Tuesday. The stock has a market capitalization of $12.30 billion, a price-to-earnings ratio of 18.14 and a beta of 1.04. The stock’s 50 day moving average is $85.37 and its 200 day moving average is $91.49. Genuine Parts Company has a one year low of $80.86 and a one year high of $105.18.
Genuine Parts (NYSE:GPC) last released its earnings results on Thursday, July 20th. The specialty retailer reported $1.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by $0.02. Genuine Parts had a net margin of 4.37% and a return on equity of 21.05%. The business had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same period last year, the firm earned $1.28 EPS. The company’s revenue was up 5.1% compared to the same quarter last year. On average, equities analysts forecast that Genuine Parts Company will post $4.73 EPS for the current year.
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Several research analysts have recently weighed in on GPC shares. Zacks Investment Research lowered shares of Genuine Parts from a “hold” rating to a “strong sell” rating in a report on Monday, July 24th. BidaskClub lowered shares of Genuine Parts from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Goldman Sachs Group, Inc. (The) lowered shares of Genuine Parts from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $104.00 to $89.00 in a report on Thursday, July 6th. Jefferies Group LLC reiterated a “hold” rating and set a $95.00 price objective on shares of Genuine Parts in a report on Tuesday, April 18th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $96.00 price objective on shares of Genuine Parts in a report on Thursday, May 25th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $96.86.
Genuine Parts Company Profile
Genuine Parts Company is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. The Company’s segments include Automotive, Industrial, Office Products Group, Electrical/Electronic Materials and Other.
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