Monument Capital Management Has $271,000 Stake in Genuine Parts (NYSE:GPC)

Monument Capital Management trimmed its position in Genuine Parts (NYSE:GPC) by 37.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,958 shares of the specialty retailer’s stock after selling 1,152 shares during the quarter. Monument Capital Management’s holdings in Genuine Parts were worth $271,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of GPC. CWM LLC grew its position in Genuine Parts by 22.0% in the fourth quarter. CWM LLC now owns 4,426 shares of the specialty retailer’s stock valued at $613,000 after acquiring an additional 798 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Genuine Parts by 1.7% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,496 shares of the specialty retailer’s stock valued at $1,869,000 after acquiring an additional 220 shares during the period. OVERSEA CHINESE BANKING Corp Ltd grew its position in Genuine Parts by 26.9% in the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 2,423 shares of the specialty retailer’s stock valued at $336,000 after acquiring an additional 513 shares during the period. Signaturefd LLC grew its position in Genuine Parts by 11.9% in the fourth quarter. Signaturefd LLC now owns 3,917 shares of the specialty retailer’s stock valued at $543,000 after acquiring an additional 417 shares during the period. Finally, Lindbrook Capital LLC grew its position in Genuine Parts by 14.9% in the fourth quarter. Lindbrook Capital LLC now owns 648 shares of the specialty retailer’s stock valued at $90,000 after acquiring an additional 84 shares during the period. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Genuine Parts

In other Genuine Parts news, Director Wendy B. Needham sold 3,250 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $154.92, for a total value of $503,490.00. Following the transaction, the director now owns 14,397 shares of the company’s stock, valued at $2,230,383.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.37% of the company’s stock.

Genuine Parts Price Performance

Genuine Parts stock opened at $163.09 on Tuesday. The business’s 50-day simple moving average is $150.66 and its 200 day simple moving average is $142.49. The stock has a market cap of $22.72 billion, a price-to-earnings ratio of 18.18 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 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 posted its quarterly earnings results on Thursday, April 18th. The specialty retailer reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.07. The business had revenue of $5.78 billion for the quarter, compared to analysts’ expectations of $5.84 billion. Genuine Parts had a return on equity of 30.92% and a net margin of 5.46%. The firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter last year, the business earned $2.14 earnings per share. As a group, research analysts anticipate that Genuine Parts will post 9.86 earnings per share for the current year.

Genuine Parts Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were paid a $1.00 dividend. This is a positive change from Genuine Parts’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, February 29th. This represents a $4.00 annualized dividend and a yield of 2.45%. Genuine Parts’s dividend payout ratio is presently 44.59%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Wedbush reiterated a “neutral” rating and issued a $170.00 price target (up from $140.00) on shares of Genuine Parts in a research report on Friday. Jefferies Financial Group increased their target price on Genuine Parts from $150.00 to $170.00 and gave the stock a “hold” rating in a report on Friday. Evercore ISI decreased 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. Truist Financial increased their target price on Genuine Parts from $167.00 to $183.00 and gave the stock a “buy” rating in a report on Friday. Finally, StockNews.com upgraded Genuine Parts from a “hold” rating to a “buy” rating in a report on Friday, April 5th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $173.10.

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.