PYA Waltman Capital LLC Has $75,000 Stock Holdings in Genuine Parts (NYSE:GPC)

PYA Waltman Capital LLC boosted its stake in Genuine Parts (NYSE:GPCGet Rating) by 97.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 598 shares of the specialty retailer’s stock after purchasing an additional 295 shares during the quarter. PYA Waltman Capital LLC’s holdings in Genuine Parts were worth $75,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Banco Santander S.A. grew its holdings in Genuine Parts by 1,622.8% in the first quarter. Banco Santander S.A. now owns 47,290 shares of the specialty retailer’s stock worth $5,959,000 after purchasing an additional 44,545 shares during the period. Lincoln National Corp lifted its stake in shares of Genuine Parts by 8.5% in the first quarter. Lincoln National Corp now owns 1,669 shares of the specialty retailer’s stock valued at $210,000 after buying an additional 131 shares in the last quarter. Checchi Capital Advisers LLC lifted its stake in shares of Genuine Parts by 40.1% in the first quarter. Checchi Capital Advisers LLC now owns 2,070 shares of the specialty retailer’s stock valued at $261,000 after buying an additional 593 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in shares of Genuine Parts by 1.7% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 110,063 shares of the specialty retailer’s stock valued at $13,870,000 after buying an additional 1,872 shares in the last quarter. Finally, M&T Bank Corp lifted its stake in shares of Genuine Parts by 15.2% in the first quarter. M&T Bank Corp now owns 17,875 shares of the specialty retailer’s stock valued at $2,252,000 after buying an additional 2,359 shares in the last quarter. 76.92% of the stock is currently owned by institutional investors and hedge funds.

Genuine Parts Stock Up 0.7 %

GPC opened at $150.98 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.17 and a quick ratio of 0.58. The company’s 50-day moving average is $138.63 and its 200 day moving average is $132.65. Genuine Parts has a fifty-two week low of $115.63 and a fifty-two week high of $154.13. The firm has a market capitalization of $21.35 billion, a P/E ratio of 19.56, a PEG ratio of 1.91 and a beta of 0.99.

Genuine Parts (NYSE:GPCGet Rating) last released its earnings results on Wednesday, July 27th. The specialty retailer reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.17. The firm had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.30 billion. Genuine Parts had a net margin of 5.38% and a return on equity of 31.67%. The company’s quarterly revenue was up 17.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.74 earnings per share. Research analysts expect that Genuine Parts will post 7.95 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Wedbush raised their price objective on shares of Genuine Parts from $140.00 to $150.00 in a research note on Thursday, July 28th. Bank of America raised shares of Genuine Parts from an “underperform” rating to a “neutral” rating and set a $133.00 price objective on the stock in a research note on Tuesday, May 10th. They noted that the move was a valuation call. Finally, Evercore ISI dropped their price target on shares of Genuine Parts to $135.00 in a research report on Thursday, June 9th. Four research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $140.20.

Genuine Parts Profile

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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.

Further Reading

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

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