Dimensional Fund Advisors LP increased its position in Genuine Parts Co. (NYSE:GPC) by 0.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 635,383 shares of the company’s stock after buying an additional 3,057 shares during the period. Dimensional Fund Advisors LP owned about 0.43% of Genuine Parts worth $64,327,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. NN Investment Partners Holdings N.V. bought a new stake in shares of Genuine Parts during the first quarter worth approximately $100,000. RPg Family Wealth Advisory LLC boosted its stake in shares of Genuine Parts by 0.8% in the first quarter. RPg Family Wealth Advisory LLC now owns 1,008 shares of the company’s stock worth $100,000 after buying an additional 8 shares in the last quarter. FTB Advisors Inc. boosted its stake in shares of Genuine Parts by 50.0% in the second quarter. FTB Advisors Inc. now owns 1,500 shares of the company’s stock worth $152,000 after buying an additional 500 shares in the last quarter. Mark Sheptoff Financial Planning LLC boosted its stake in shares of Genuine Parts by 2.3% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 1,636 shares of the company’s stock worth $166,000 after buying an additional 36 shares in the last quarter. Finally, Checchi Capital Advisers LLC boosted its stake in shares of Genuine Parts by 2.4% in the second quarter. Checchi Capital Advisers LLC now owns 1,679 shares of the company’s stock worth $170,000 after buying an additional 40 shares in the last quarter. 71.56% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Genuine Parts Co. (NYSE:GPC) opened at 100.45 on Friday. The stock has a market capitalization of $14.96 billion, a price-to-earnings ratio of 21.70 and a beta of 0.92. Genuine Parts Co. has a 1-year low of $76.50 and a 1-year high of $105.97. The stock has a 50 day moving average price of $101.00 and a 200 day moving average price of $99.05.
Genuine Parts (NYSE:GPC) last issued its quarterly earnings data on Tuesday, July 19th. The company reported $1.28 EPS for the quarter, missing the consensus estimate of $1.29 by $0.01. Genuine Parts had a return on equity of 21.79% and a net margin of 4.59%. The company earned $3.90 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same quarter in the prior year, the company posted $1.28 earnings per share. Equities research analysts anticipate that Genuine Parts Co. will post $4.73 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 9th will be paid a dividend of $0.6575 per share. This represents a $2.63 annualized dividend and a yield of 2.62%. The ex-dividend date is Wednesday, September 7th. Genuine Parts’s payout ratio is currently 56.68%.
A number of analysts have recently commented on the company. Zacks Investment Research raised Genuine Parts from a “sell” rating to a “hold” rating and set a $115.00 price target on the stock in a research report on Friday, July 15th. Susquehanna assumed coverage on Genuine Parts in a research report on Thursday, August 25th. They issued a “neutral” rating and a $102.00 price objective on the stock. Gabelli cut Genuine Parts from a “buy” rating to a “hold” rating and set a $106.00 price objective on the stock. in a research report on Thursday, July 14th. Jefferies Group cut Genuine Parts from a “buy” rating to a “hold” rating and set a $112.00 price objective on the stock. in a research report on Friday, July 15th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $98.00 price objective on shares of Genuine Parts in a research report on Wednesday, July 20th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $99.82.
About Genuine Parts
Genuine Parts Company is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. The Company’s segments include Automotive, Industrial, Office Products Group, Electrical/Electronic Materials and Other.
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