8,660 Shares in Genuine Parts (NYSE:GPC) Acquired by Mutual Advisors LLC

Mutual Advisors LLC purchased a new stake in Genuine Parts (NYSE:GPC) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 8,660 shares of the specialty retailer’s stock, valued at approximately $1,034,000.

Other large investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its stake in Genuine Parts by 3.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 281,145 shares of the specialty retailer’s stock worth $32,826,000 after purchasing an additional 9,294 shares during the period. ForthRight Wealth Management LLC grew its stake in shares of Genuine Parts by 12.0% during the 4th quarter. ForthRight Wealth Management LLC now owns 4,677 shares of the specialty retailer’s stock worth $546,000 after acquiring an additional 500 shares in the last quarter. Viking Fund Management LLC raised its holdings in shares of Genuine Parts by 10.0% in the fourth quarter. Viking Fund Management LLC now owns 55,000 shares of the specialty retailer’s stock valued at $6,422,000 after purchasing an additional 5,000 shares during the last quarter. Aspire Private Capital LLC bought a new stake in shares of Genuine Parts in the fourth quarter worth $232,000. Finally, Clear Harbor Asset Management LLC boosted its holdings in Genuine Parts by 3.6% during the fourth quarter. Clear Harbor Asset Management LLC now owns 3,994 shares of the specialty retailer’s stock worth $466,000 after purchasing an additional 140 shares during the last quarter. Institutional investors own 78.83% of the company’s stock.

Genuine Parts Price Performance

Shares of GPC opened at $117.19 on Friday. The company’s 50-day moving average is $120.21 and its 200-day moving average is $129.89. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.17 and a quick ratio of 0.57. The firm has a market capitalization of $16.29 billion, a PE ratio of 15.08 and a beta of 0.95. Genuine Parts has a fifty-two week low of $112.74 and a fifty-two week high of $164.45.

Genuine Parts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $4.00 annualized dividend and a yield of 3.41%. Genuine Parts’s dividend payout ratio (DPR) is presently 51.48%.

Insider Transactions at Genuine Parts

In other Genuine Parts news, Director Wendy B. Needham sold 1,608 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $120.78, for a total value of $194,214.24. Following the transaction, the director now directly owns 11,357 shares of the company’s stock, valued at $1,371,698.46. This represents a 12.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.37% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Wedbush reduced their price objective on shares of Genuine Parts from $145.00 to $120.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. The Goldman Sachs Group reduced their price target on Genuine Parts from $162.00 to $138.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Evercore ISI boosted their price target on Genuine Parts from $155.00 to $160.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 22nd. StockNews.com cut shares of Genuine Parts from a “buy” rating to a “hold” rating in a research note on Wednesday, October 16th. Finally, Loop Capital began coverage on shares of Genuine Parts in a research report on Thursday, January 16th. They set a “buy” rating and a $155.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $141.50.

About Genuine Parts

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.