Blake Schutter Theil Wealth Advisors LLC Raises Position in Genuine Parts (NYSE:GPC)

Blake Schutter Theil Wealth Advisors LLC increased its holdings in Genuine Parts (NYSE:GPC) by 13.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,397 shares of the specialty retailer’s stock after purchasing an additional 279 shares during the period. Blake Schutter Theil Wealth Advisors LLC’s holdings in Genuine Parts were worth $280,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Ashton Thomas Securities LLC acquired a new position in shares of Genuine Parts during the 3rd quarter valued at about $26,000. Kestra Investment Management LLC acquired a new position in Genuine Parts during the fourth quarter worth approximately $28,000. First Command Advisory Services Inc. purchased a new position in Genuine Parts during the fourth quarter worth approximately $28,000. Compass Planning Associates Inc acquired a new position in shares of Genuine Parts in the 4th quarter valued at $29,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Genuine Parts during the 3rd quarter valued at $31,000. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Analyst Ratings Changes

GPC has been the topic of a number of research analyst reports. Truist Financial lifted their target price on Genuine Parts from $129.00 to $133.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Loop Capital assumed coverage on Genuine Parts in a research note on Thursday, January 16th. They issued a “buy” rating and a $155.00 price objective on the stock. Evercore ISI dropped their target price on shares of Genuine Parts from $128.00 to $125.00 and set an “in-line” rating for the company in a research report on Wednesday, February 19th. Redburn Atlantic raised shares of Genuine Parts to a “hold” rating in a research report on Monday, November 11th. Finally, Northcoast Research lowered shares of Genuine Parts from a “buy” rating to a “neutral” rating in a research report on Friday, January 17th. Eight 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, the stock has a consensus rating of “Hold” and an average target price of $137.63.

Insider Buying and Selling

In other news, Director Wendy B. Needham sold 1,608 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $120.78, for a total value of $194,214.24. Following the completion of the sale, the director now owns 11,357 shares of the company’s stock, valued at approximately $1,371,698.46. The trade was a 12.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.37% of the company’s stock.

Genuine Parts Price Performance

GPC opened at $127.41 on Friday. Genuine Parts has a twelve month low of $112.74 and a twelve month high of $164.45. The company has a current ratio of 1.16, a quick ratio of 0.57 and a debt-to-equity ratio of 0.86. The firm has a market cap of $17.68 billion, a price-to-earnings ratio of 19.69 and a beta of 0.93. The company has a fifty day simple moving average of $119.74 and a 200 day simple moving average of $126.10.

Genuine Parts (NYSE:GPC) last announced its earnings results on Tuesday, February 18th. The specialty retailer reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.07. The business had revenue of $5.77 billion for the quarter, compared to analyst estimates of $5.71 billion. Genuine Parts had a return on equity of 25.28% and a net margin of 3.85%. During the same period in the previous year, the company earned $2.26 earnings per share. Equities research analysts expect that Genuine Parts will post 7.9 EPS for the current fiscal year.

Genuine Parts Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be given a dividend of $1.03 per share. The ex-dividend date is Friday, March 7th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.23%. This is an increase from Genuine Parts’s previous quarterly dividend of $1.00. Genuine Parts’s dividend payout ratio (DPR) is presently 63.68%.

Genuine Parts 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.