ICW Investment Advisors LLC Grows Stock Holdings in Genuine Parts (NYSE:GPC)

ICW Investment Advisors LLC increased its position in shares of Genuine Parts (NYSE:GPC) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,084 shares of the specialty retailer’s stock after buying an additional 221 shares during the quarter. ICW Investment Advisors LLC’s holdings in Genuine Parts were worth $1,120,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. OFI Invest Asset Management purchased a new stake in shares of Genuine Parts during the 3rd quarter valued at approximately $25,000. Briaud Financial Planning Inc purchased a new stake in shares of Genuine Parts during the 3rd quarter valued at approximately $28,000. Milestone Investment Advisors LLC purchased a new stake in shares of Genuine Parts during the 3rd quarter valued at approximately $28,000. Authentikos Wealth Advisory LLC purchased a new stake in shares of Genuine Parts during the 3rd quarter valued at approximately $40,000. Finally, Orion Capital Management LLC purchased a new stake in shares of Genuine Parts during the 3rd quarter valued at approximately $42,000. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on GPC. Truist Financial lifted their price target on shares of Genuine Parts from $167.00 to $183.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Evercore ISI cut their price objective 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. Wedbush restated a “neutral” rating and set a $170.00 target price (up from $140.00) on shares of Genuine Parts in a report on Friday, April 19th. Jefferies Financial Group lifted their target price on Genuine Parts from $150.00 to $170.00 and gave the company a “hold” rating in a research report on Friday, April 19th. Finally, StockNews.com raised shares of Genuine Parts from a “hold” rating to a “buy” rating in a research report on Friday, April 5th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $173.10.

Insider Transactions at Genuine Parts

In other news, Director Wendy B. Needham sold 3,250 shares of Genuine Parts stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $154.92, for a total transaction of $503,490.00. Following the completion of the sale, the director now directly owns 14,397 shares of the company’s stock, valued at approximately $2,230,383.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.37% of the company’s stock.

Genuine Parts Stock Up 0.0 %

Shares of NYSE:GPC traded up $0.05 during trading on Wednesday, hitting $157.26. The company’s stock had a trading volume of 290,900 shares, compared to its average volume of 1,064,746. The business has a 50 day moving average price of $152.75 and a two-hundred day moving average price of $143.09. The company has a market capitalization of $21.91 billion, a PE ratio of 17.44 and a beta of 0.94. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.59 and a current ratio of 1.14. Genuine Parts has a fifty-two week low of $126.35 and a fifty-two week high of $174.91.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings results on Thursday, April 18th. The specialty retailer reported $2.22 EPS for the quarter, topping the consensus estimate of $2.15 by $0.07. The business had revenue of $5.78 billion during the quarter, compared to the consensus estimate of $5.84 billion. Genuine Parts had a net margin of 5.46% and a return on equity of 30.92%. The company’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.14 earnings per share. As a group, research analysts expect that Genuine Parts will post 9.89 EPS for the current fiscal year.

Genuine Parts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 7th will be given a dividend of $1.00 per share. The ex-dividend date is Friday, June 7th. This represents a $4.00 annualized dividend and a dividend yield of 2.54%. Genuine Parts’s dividend payout ratio (DPR) is currently 44.59%.

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.