Railway Pension Investments Ltd Decreases Stake in Genuine Parts (NYSE:GPC)

Railway Pension Investments Ltd trimmed its holdings in Genuine Parts (NYSE:GPC) by 94.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,900 shares of the specialty retailer’s stock after selling 152,000 shares during the period. Railway Pension Investments Ltd’s holdings in Genuine Parts were worth $1,379,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of GPC. Pathway Financial Advisers LLC purchased a new position in shares of Genuine Parts during the first quarter valued at about $996,000. Soltis Investment Advisors LLC boosted its stake in shares of Genuine Parts by 5.4% during the 1st quarter. Soltis Investment Advisors LLC now owns 35,887 shares of the specialty retailer’s stock worth $5,560,000 after acquiring an additional 1,835 shares during the last quarter. Cetera Advisor Networks LLC raised its position in shares of Genuine Parts by 4.4% during the 1st quarter. Cetera Advisor Networks LLC now owns 128,927 shares of the specialty retailer’s stock valued at $19,975,000 after purchasing an additional 5,491 shares during the period. Cetera Advisors LLC increased its holdings in Genuine Parts by 110.9% in the 1st quarter. Cetera Advisors LLC now owns 22,183 shares of the specialty retailer’s stock valued at $3,437,000 after acquiring an additional 11,663 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of Genuine Parts by 1,473.0% in the 1st quarter. Cetera Investment Advisers now owns 157,679 shares of the specialty retailer’s stock worth $24,429,000 after buying an additional 147,655 shares in the last quarter. 78.83% of the stock is owned by institutional investors.

Insider Activity at Genuine Parts

In other news, Director Wendy B. Needham sold 3,000 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $151.29, for a total transaction of $453,870.00. Following the completion of the transaction, the director now directly owns 13,006 shares in the company, valued at $1,967,677.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.37% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on GPC shares. UBS Group reduced their price target on shares of Genuine Parts from $165.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, July 3rd. StockNews.com cut shares of Genuine Parts from a “buy” rating to a “hold” rating in a research report on Friday. Jefferies Financial Group increased their target price on shares of Genuine Parts from $150.00 to $170.00 and gave the stock a “hold” rating in a research note on Friday, April 19th. Evercore ISI decreased their price target on shares of Genuine Parts from $150.00 to $148.00 and set an “in-line” rating for the company in a research note on Wednesday, July 24th. Finally, Truist Financial cut their target price on shares of Genuine Parts from $183.00 to $164.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $161.14.

Genuine Parts Price Performance

GPC stock traded down $0.96 during midday trading on Friday, reaching $142.52. 1,062,186 shares of the company’s stock traded hands, compared to its average volume of 1,304,695. The company has a 50-day simple moving average of $139.87 and a two-hundred day simple moving average of $146.50. Genuine Parts has a 1-year low of $126.35 and a 1-year high of $164.45. The company has a market cap of $19.86 billion, a price-to-earnings ratio of 15.89 and a beta of 0.92. The company has a quick ratio of 0.54, a current ratio of 1.12 and a debt-to-equity ratio of 0.66.

Genuine Parts (NYSE:GPC) last posted its earnings results on Tuesday, July 23rd. The specialty retailer reported $2.44 earnings per share for the quarter, missing the consensus estimate of $2.59 by ($0.15). The business had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.03 billion. Genuine Parts had a return on equity of 30.03% and a net margin of 5.24%. The business’s revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.44 earnings per share. On average, analysts anticipate that Genuine Parts will post 9.36 earnings per share for the current year.

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.