Atria Investments LLC Decreases Position in Genuine Parts (NYSE:GPC)

Atria Investments LLC decreased its stake in Genuine Parts (NYSE:GPCGet Rating) by 8.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,289 shares of the specialty retailer’s stock after selling 1,990 shares during the period. Atria Investments LLC’s holdings in Genuine Parts were worth $3,125,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Frontier Wealth Management LLC boosted its holdings in Genuine Parts by 8.2% in the fourth quarter. Frontier Wealth Management LLC now owns 7,911 shares of the specialty retailer’s stock valued at $1,109,000 after purchasing an additional 602 shares during the last quarter. Empirical Finance LLC boosted its holdings in Genuine Parts by 35.2% in the fourth quarter. Empirical Finance LLC now owns 2,465 shares of the specialty retailer’s stock valued at $346,000 after purchasing an additional 642 shares during the last quarter. Advisor Partners LLC boosted its holdings in Genuine Parts by 1.8% in the fourth quarter. Advisor Partners LLC now owns 6,019 shares of the specialty retailer’s stock valued at $844,000 after purchasing an additional 107 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in Genuine Parts by 3.6% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 25,100 shares of the specialty retailer’s stock valued at $3,519,000 after purchasing an additional 872 shares during the last quarter. Finally, Larson Financial Group LLC boosted its holdings in Genuine Parts by 4,017.4% in the fourth quarter. Larson Financial Group LLC now owns 3,541 shares of the specialty retailer’s stock valued at $496,000 after purchasing an additional 3,455 shares during the last quarter. 75.23% of the stock is owned by institutional investors.

NYSE GPC opened at $130.94 on Monday. Genuine Parts has a fifty-two week low of $115.63 and a fifty-two week high of $142.97. The stock’s 50-day moving average is $126.59 and its two-hundred day moving average is $130.87. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.18 and a quick ratio of 0.59. The firm has a market cap of $18.59 billion, a P/E ratio of 20.98, a price-to-earnings-growth ratio of 1.57 and a beta of 1.10.

Genuine Parts (NYSE:GPCGet Rating) last posted its earnings results on Thursday, February 17th. The specialty retailer reported $1.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.18. Genuine Parts had a return on equity of 30.03% and a net margin of 4.76%. The company had revenue of $4.80 billion for the quarter, compared to analyst estimates of $4.66 billion. During the same period last year, the company earned $1.52 earnings per share. The business’s revenue was up 13.0% compared to the same quarter last year. On average, equities analysts expect that Genuine Parts will post 7.62 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 1st. Stockholders of record on Friday, March 4th were given a $0.895 dividend. This is an increase from Genuine Parts’s previous quarterly dividend of $0.82. This represents a $3.58 annualized dividend and a dividend yield of 2.73%. The ex-dividend date was Thursday, March 3rd. Genuine Parts’s dividend payout ratio (DPR) is currently 57.37%.

A number of research analysts recently commented on the company. Zacks Investment Research downgraded Genuine Parts from a “buy” rating to a “hold” rating and set a $141.00 price target for the company. in a report on Wednesday, December 22nd. StockNews.com started coverage on Genuine Parts in a research report on Thursday, March 31st. They set a “strong-buy” rating on the stock. Truist Financial started coverage on Genuine Parts in a research report on Thursday, January 13th. They issued a “hold” rating and a $142.00 target price on the stock. Finally, Wedbush restated a “neutral” rating on shares of Genuine Parts in a research report on Friday, February 18th. Seven research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $136.86.

About Genuine Parts (Get Rating)

Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials. It operates through 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 accessory and supply items used by various automotive aftermarket customers, such as repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, industrial concerns, and individuals.

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Institutional Ownership by Quarter for Genuine Parts (NYSE:GPC)

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