First National Trust Co Has $2.17 Million Holdings in Genuine Parts Company (NYSE:GPC)

First National Trust Co lessened its position in shares of Genuine Parts Company (NYSE:GPC) by 1.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 18,211 shares of the specialty retailer’s stock after selling 238 shares during the period. First National Trust Co’s holdings in Genuine Parts were worth $2,170,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of GPC. Rossby Financial LCC acquired a new position in shares of Genuine Parts in the 1st quarter valued at about $25,000. Olde Wealth Management LLC acquired a new stake in Genuine Parts during the first quarter worth approximately $27,000. North Capital Inc. bought a new stake in Genuine Parts in the first quarter worth approximately $28,000. Aster Capital Management DIFC Ltd acquired a new position in Genuine Parts in the fourth quarter valued at approximately $33,000. Finally, Investors Research Corp boosted its holdings in shares of Genuine Parts by 75.3% during the 1st quarter. Investors Research Corp now owns 291 shares of the specialty retailer’s stock worth $35,000 after buying an additional 125 shares in the last quarter. Institutional investors and hedge funds own 78.83% of the company’s stock.

Genuine Parts Stock Down 1.0%

Genuine Parts stock opened at $132.10 on Thursday. The firm has a market capitalization of $18.37 billion, a price-to-earnings ratio of 22.74 and a beta of 0.74. The firm’s fifty day moving average price is $125.28 and its two-hundred day moving average price is $121.46. Genuine Parts Company has a 1-year low of $104.01 and a 1-year high of $149.22. The company has a current ratio of 1.14, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79.

Genuine Parts (NYSE:GPC) last posted its earnings results on Tuesday, July 22nd. The specialty retailer reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.02. The company had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.10 billion. Genuine Parts had a net margin of 3.40% and a return on equity of 22.41%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.44 EPS. On average, equities research analysts predict that Genuine Parts Company will post 7.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Truist Financial lifted their price objective on shares of Genuine Parts from $137.00 to $143.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. lifted their price target on shares of Genuine Parts from $134.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Loop Capital upped their price objective on shares of Genuine Parts from $155.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Wall Street Zen cut shares of Genuine Parts from a “buy” rating to a “hold” rating in a research report on Saturday, April 26th. Finally, Argus raised Genuine Parts to a “strong-buy” rating in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $135.29.

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.