CX Institutional Has $342,000 Stock Position in Genuine Parts (NYSE:GPC)

CX Institutional lowered its holdings in shares of Genuine Parts (NYSE:GPC) by 17.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,925 shares of the specialty retailer’s stock after selling 629 shares during the period. CX Institutional’s holdings in Genuine Parts were worth $342,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Ashton Thomas Securities LLC acquired a new stake in Genuine Parts in the third quarter valued at approximately $26,000. Capital Performance Advisors LLP acquired a new stake in Genuine Parts in the third quarter valued at approximately $31,000. Concord Wealth Partners grew its stake in Genuine Parts by 79.3% in the third quarter. Concord Wealth Partners now owns 269 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 119 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in Genuine Parts in the third quarter valued at approximately $44,000. Finally, First Financial Corp IN acquired a new stake in Genuine Parts in the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 78.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GPC. The Goldman Sachs Group reduced their price objective on Genuine Parts from $162.00 to $138.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Redburn Atlantic raised Genuine Parts to a “hold” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. dropped their target price on Genuine Parts from $162.00 to $135.00 and set an “overweight” rating on the stock in a report on Tuesday, October 22nd. StockNews.com lowered Genuine Parts from a “buy” rating to a “hold” rating in a report on Wednesday, October 16th. Finally, UBS Group dropped their target price on Genuine Parts from $145.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Eight research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Genuine Parts has an average rating of “Hold” and a consensus target price of $141.50.

Genuine Parts Stock Performance

Shares of Genuine Parts stock opened at $117.19 on Monday. The business’s fifty day simple moving average is $120.21 and its 200 day simple moving average is $129.87. The firm has a market capitalization of $16.29 billion, a P/E ratio of 15.08 and a beta of 0.95. Genuine Parts has a 12 month low of $112.74 and a 12 month high of $164.45. The company has a current ratio of 1.17, a quick ratio of 0.57 and a debt-to-equity ratio of 0.81.

Genuine Parts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $4.00 dividend on an annualized basis and a yield of 3.41%. Genuine Parts’s dividend payout ratio (DPR) is currently 51.48%.

Insider Buying and Selling

In other Genuine Parts news, Director Wendy B. Needham sold 1,608 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $120.78, for a total value of $194,214.24. Following the sale, the director now directly owns 11,357 shares in the company, valued at $1,371,698.46. The trade was a 12.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.37% of the stock is currently owned by corporate insiders.

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.