Shell Asset Management Co. Has $1.22 Million Stock Holdings in Genuine Parts (NYSE:GPC)

Shell Asset Management Co. lifted its holdings in shares of Genuine Parts (NYSE:GPC) by 37.2% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,891 shares of the specialty retailer’s stock after buying an additional 2,138 shares during the period. Shell Asset Management Co.’s holdings in Genuine Parts were worth $1,223,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of GPC. NBC Securities Inc. raised its stake in Genuine Parts by 27.1% during the fourth quarter. NBC Securities Inc. now owns 3,129 shares of the specialty retailer’s stock worth $433,000 after acquiring an additional 668 shares in the last quarter. ICW Investment Advisors LLC increased its position in Genuine Parts by 2.8% during the 4th quarter. ICW Investment Advisors LLC now owns 8,084 shares of the specialty retailer’s stock worth $1,120,000 after purchasing an additional 221 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Genuine Parts by 22.0% in the 4th quarter. BNP Paribas Financial Markets now owns 148,121 shares of the specialty retailer’s stock valued at $20,515,000 after purchasing an additional 26,710 shares during the last quarter. Stifel Financial Corp lifted its stake in Genuine Parts by 27.0% in the 4th quarter. Stifel Financial Corp now owns 2,029,388 shares of the specialty retailer’s stock valued at $281,078,000 after purchasing an additional 431,623 shares during the last quarter. Finally, Conning Inc. boosted its position in Genuine Parts by 5.9% in the fourth quarter. Conning Inc. now owns 227,942 shares of the specialty retailer’s stock valued at $31,501,000 after buying an additional 12,634 shares in the last quarter. 78.83% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Wendy B. Needham sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $151.29, for a total transaction of $453,870.00. Following the transaction, the director now directly owns 13,006 shares of the company’s stock, valued at approximately $1,967,677.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.37% of the company’s stock.

Genuine Parts Trading Up 3.2 %

NYSE GPC traded up $4.48 during mid-day trading on Friday, reaching $142.45. 227,184 shares of the stock were exchanged, compared to its average volume of 1,020,807. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.12 and a quick ratio of 0.59. The stock has a market cap of $19.85 billion, a P/E ratio of 15.87 and a beta of 0.92. The stock has a 50 day simple moving average of $140.51 and a 200-day simple moving average of $146.26. Genuine Parts has a one year low of $126.35 and a one year high of $164.45.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings data 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). Genuine Parts had a return on equity of 30.03% and a net margin of 5.24%. The business had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.03 billion. During the same period last year, the business posted $2.44 earnings per share. The business’s revenue was up .8% on a year-over-year basis. On average, analysts anticipate that Genuine Parts will post 9.36 EPS for the current year.

Genuine Parts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 7th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend was Friday, June 7th. Genuine Parts’s dividend payout ratio is presently 44.59%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GPC. Jefferies Financial Group upped their price target on shares of Genuine Parts from $150.00 to $170.00 and gave the stock a “hold” rating in a report on Friday, April 19th. StockNews.com raised Genuine Parts from a “hold” rating to a “buy” rating in a report on Wednesday. Wedbush cut their price target on Genuine Parts from $170.00 to $145.00 and set a “neutral” rating on the stock in a research note on Wednesday. Evercore ISI reduced their price target on Genuine Parts from $150.00 to $148.00 and set an “in-line” rating on the stock in a report on Wednesday. Finally, UBS Group dropped their price objective 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. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Genuine Parts currently has an average rating of “Hold” and a consensus target price of $161.14.

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.