WD Rutherford LLC Invests $26,000 in Genuine Parts (NYSE:GPC)

WD Rutherford LLC acquired a new position in Genuine Parts (NYSE:GPC) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 170 shares of the specialty retailer’s stock, valued at approximately $26,000.

Several other institutional investors also recently bought and sold shares of GPC. Assetmark Inc. boosted its holdings in shares of Genuine Parts by 109.1% during the 4th quarter. Assetmark Inc. now owns 184 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 96 shares during the last quarter. Thompson Investment Management Inc. acquired a new position in shares of Genuine Parts during the 1st quarter worth approximately $35,000. Quarry LP boosted its holdings in shares of Genuine Parts by 138.7% during the 4th quarter. Quarry LP now owns 284 shares of the specialty retailer’s stock worth $39,000 after purchasing an additional 165 shares during the last quarter. Bruce G. Allen Investments LLC lifted its holdings in Genuine Parts by 149.0% in the first quarter. Bruce G. Allen Investments LLC now owns 254 shares of the specialty retailer’s stock valued at $39,000 after acquiring an additional 152 shares during the last quarter. Finally, Orion Capital Management LLC acquired a new position in Genuine Parts in the third quarter valued at approximately $42,000. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on GPC. Wedbush reiterated a “neutral” rating and issued a $170.00 price objective (up from $140.00) on shares of Genuine Parts in a report on Friday, April 19th. StockNews.com upgraded Genuine Parts from a “hold” rating to a “buy” rating in a report on Friday, May 24th. Evercore ISI upped their price objective on Genuine Parts from $160.00 to $165.00 and gave the company an “in-line” rating in a report on Thursday, June 20th. Truist Financial boosted their target price on Genuine Parts from $167.00 to $183.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Finally, Jefferies Financial Group boosted their target price on Genuine Parts from $150.00 to $170.00 and gave the company a “hold” rating in a research report on Friday, April 19th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Genuine Parts has an average rating of “Hold” and an average target price of $169.63.

Insider Buying and Selling at Genuine Parts

In related news, Director Wendy B. Needham sold 3,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 13,006 shares in the company, valued at $1,967,677.74. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.37% of the stock is currently owned by corporate insiders.

Genuine Parts Stock Performance

NYSE GPC traded up $0.92 during trading hours on Friday, hitting $138.32. The company had a trading volume of 1,300,635 shares, compared to its average volume of 844,214. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.59 and a current ratio of 1.14. Genuine Parts has a 1-year low of $126.35 and a 1-year high of $170.57. The company has a market cap of $19.27 billion, a PE ratio of 15.42 and a beta of 0.92. The business has a 50 day moving average of $148.55 and a 200-day moving average of $146.45.

Genuine Parts (NYSE:GPC) last announced its earnings results on Thursday, April 18th. The specialty retailer reported $2.22 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.07. Genuine Parts had a net margin of 5.46% and a return on equity of 30.92%. The business had revenue of $5.78 billion during the quarter, compared to the consensus estimate of $5.84 billion. During the same quarter in the prior year, the firm earned $2.14 earnings per share. The business’s quarterly revenue was up .3% compared to the same quarter last year. As a group, equities research analysts expect that Genuine Parts will post 9.92 EPS for the current year.

Genuine Parts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 7th will be issued a $1.00 dividend. The ex-dividend date is Friday, June 7th. This represents a $4.00 dividend on an annualized basis and a yield of 2.89%. Genuine Parts’s dividend payout ratio (DPR) is presently 44.59%.

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.