Genuine Parts Company $GPC Shares Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH increased its position in Genuine Parts Company (NYSE:GPC) by 14.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 130,871 shares of the specialty retailer’s stock after buying an additional 16,440 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Genuine Parts were worth $18,139,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GPC. Chicago Partners Investment Group LLC raised its holdings in shares of Genuine Parts by 4.8% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 5,138 shares of the specialty retailer’s stock worth $677,000 after purchasing an additional 236 shares during the period. Sage Mountain Advisors LLC increased its position in Genuine Parts by 7.0% during the 3rd quarter. Sage Mountain Advisors LLC now owns 2,960 shares of the specialty retailer’s stock worth $410,000 after purchasing an additional 194 shares in the last quarter. Vaughan David Investments LLC IL raised its holdings in Genuine Parts by 0.6% in the third quarter. Vaughan David Investments LLC IL now owns 317,212 shares of the specialty retailer’s stock valued at $43,966,000 after buying an additional 1,980 shares during the period. Root Financial Partners LLC acquired a new position in Genuine Parts during the third quarter valued at approximately $115,000. Finally, Robinson Value Management Ltd. grew its stake in Genuine Parts by 3.1% during the third quarter. Robinson Value Management Ltd. now owns 20,850 shares of the specialty retailer’s stock worth $2,890,000 after buying an additional 624 shares during the period. Institutional investors and hedge funds own 78.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on GPC shares. Truist Financial raised their target price on shares of Genuine Parts from $143.00 to $146.00 and gave the company a “buy” rating in a research note on Tuesday, October 21st. JPMorgan Chase & Co. boosted their price objective on Genuine Parts from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, October 23rd. The Goldman Sachs Group raised Genuine Parts from a “sell” rating to a “neutral” rating and upped their target price for the stock from $130.00 to $142.00 in a research report on Thursday, November 13th. Evercore ISI increased their target price on Genuine Parts from $148.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Finally, UBS Group raised their target price on Genuine Parts from $135.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $148.00.

Genuine Parts Trading Up 0.6%

NYSE:GPC opened at $137.63 on Friday. The stock has a market cap of $19.15 billion, a price-to-earnings ratio of 23.69 and a beta of 0.75. Genuine Parts Company has a one year low of $104.01 and a one year high of $143.48. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.51 and a current ratio of 1.14. The business’s 50-day simple moving average is $128.73 and its 200 day simple moving average is $131.79.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings data on Tuesday, October 21st. The specialty retailer reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.04). Genuine Parts had a net margin of 3.36% and a return on equity of 22.57%. The business had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.12 billion. During the same quarter last year, the business earned $1.88 EPS. Genuine Parts’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, sell-side analysts predict that Genuine Parts Company will post 7.9 earnings per share for the current fiscal year.

Genuine Parts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Friday, December 5th were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.0%. Genuine Parts’s dividend payout ratio (DPR) is presently 70.91%.

Genuine Parts Company Profile

Genuine Parts Company (NYSE: GPC) is a global distributor of automotive replacement parts, industrial parts and business products with a history dating back to 1928. Headquartered in Atlanta, Georgia, the company operates a broad distribution network and retail presence serving repair shops, independent retailers, industrial customers and commercial accounts. Its business model centers on stocking and delivering a wide range of parts and supplies to support aftermarket and maintenance needs across multiple end markets.

Genuine Parts conducts its operations through several well-known operating groups and subsidiaries.