Genuine Parts Company (NYSE:GPC) Holdings Decreased by Guardian Wealth Advisors LLC

Guardian Wealth Advisors LLC cut its holdings in Genuine Parts Company (NYSE:GPC) by 2.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,531 shares of the specialty retailer’s stock after selling 95 shares during the quarter. Guardian Wealth Advisors LLC’s holdings in Genuine Parts were worth $421,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Strategic Wealth Partners Ltd. raised its holdings in Genuine Parts by 4.2% during the 4th quarter. Strategic Wealth Partners Ltd. now owns 2,420 shares of the specialty retailer’s stock worth $302,000 after buying an additional 98 shares during the period. Keybank National Association OH grew its stake in Genuine Parts by 0.5% during the 1st quarter. Keybank National Association OH now owns 20,862 shares of the specialty retailer’s stock valued at $2,486,000 after acquiring an additional 98 shares in the last quarter. Veracity Capital LLC grew its stake in Genuine Parts by 4.9% during the 1st quarter. Veracity Capital LLC now owns 2,147 shares of the specialty retailer’s stock valued at $256,000 after acquiring an additional 100 shares in the last quarter. Gallagher Fiduciary Advisors LLC grew its stake in Genuine Parts by 4.7% during the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 2,647 shares of the specialty retailer’s stock valued at $309,000 after acquiring an additional 118 shares in the last quarter. Finally, Investors Research Corp grew its stake in Genuine Parts by 75.3% during the 1st quarter. Investors Research Corp now owns 291 shares of the specialty retailer’s stock valued at $35,000 after acquiring an additional 125 shares in the last quarter. 78.83% of the stock is currently owned by institutional investors.

Genuine Parts Stock Down 1.8%

Shares of Genuine Parts stock opened at $122.23 on Wednesday. The stock has a market capitalization of $16.96 billion, a P/E ratio of 20.07 and a beta of 0.74. The company has a quick ratio of 0.52, a current ratio of 1.15 and a debt-to-equity ratio of 0.85. The stock has a 50 day moving average price of $123.88 and a two-hundred day moving average price of $120.49. Genuine Parts Company has a 12-month low of $104.01 and a 12-month high of $149.22.

Genuine Parts (NYSE:GPC) last announced its earnings results on Tuesday, April 22nd. The specialty retailer reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.09. The firm had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.83 billion. Genuine Parts had a return on equity of 23.71% and a net margin of 3.60%. Equities analysts expect that Genuine Parts Company will post 7.9 earnings per share for the current year.

Genuine Parts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th were given a $1.03 dividend. The ex-dividend date was Friday, June 6th. This represents a $4.12 annualized dividend and a dividend yield of 3.37%. Genuine Parts’s dividend payout ratio is 67.65%.

Analysts Set New Price Targets

GPC has been the topic of several research analyst reports. Argus raised Genuine Parts to a “strong-buy” rating in a research note on Friday, April 25th. Evercore ISI lowered their price target on Genuine Parts from $135.00 to $130.00 and set an “outperform” rating for the company in a research note on Wednesday, April 23rd. The Goldman Sachs Group reissued a “sell” rating and issued a $114.00 price target (down previously from $133.00) on shares of Genuine Parts in a research note on Tuesday, April 1st. Wall Street Zen cut Genuine Parts from a “buy” rating to a “hold” rating in a research note on Saturday, April 26th. Finally, Truist Financial boosted their price target on Genuine Parts from $133.00 to $137.00 and gave the company a “buy” rating in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $130.86.

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.