Mather Group LLC. Has $412,000 Holdings in Genuine Parts (NYSE:GPC)

Mather Group LLC. increased its stake in shares of Genuine Parts (NYSE:GPC) by 19.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 2,977 shares of the specialty retailer’s stock after acquiring an additional 485 shares during the period. Mather Group LLC.’s holdings in Genuine Parts were worth $412,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Assetmark Inc. lifted its position in shares of Genuine Parts by 109.1% in the 4th quarter. Assetmark Inc. now owns 184 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 96 shares during the period. WD Rutherford LLC bought a new stake in Genuine Parts in the 1st quarter valued at $26,000. Union Savings Bank raised its stake in shares of Genuine Parts by 100.0% in the 1st quarter. Union Savings Bank now owns 200 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 100 shares in the last quarter. Thompson Investment Management Inc. bought a new position in shares of Genuine Parts during the 1st quarter worth about $35,000. Finally, Stephens Consulting LLC lifted its holdings in shares of Genuine Parts by 740.7% during the 1st quarter. Stephens Consulting LLC now owns 227 shares of the specialty retailer’s stock worth $35,000 after acquiring an additional 200 shares during the period. 78.83% of the stock is owned by institutional investors.

Insider Transactions at Genuine Parts

In other Genuine Parts news, Director Wendy B. Needham sold 3,000 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $151.29, for a total transaction of $453,870.00. Following the transaction, the director now owns 13,006 shares in the company, valued at approximately $1,967,677.74. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.37% of the company’s stock.

Genuine Parts Stock Performance

Shares of GPC traded up $1.69 during midday trading on Tuesday, reaching $140.04. The stock had a trading volume of 804,196 shares, compared to its average volume of 1,033,441. Genuine Parts has a one year low of $126.35 and a one year high of $164.45. The firm has a market cap of $19.51 billion, a PE ratio of 15.61 and a beta of 0.92. The firm has a 50 day simple moving average of $139.70 and a 200-day simple moving average of $146.59. The company has a current ratio of 1.12, a quick ratio of 0.54 and a debt-to-equity ratio of 0.66.

Genuine Parts (NYSE:GPC) last posted its earnings results on Tuesday, July 23rd. The specialty retailer reported $2.44 earnings per share for the quarter, missing analysts’ consensus estimates of $2.59 by ($0.15). The business had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.03 billion. Genuine Parts had a return on equity of 30.03% and a net margin of 5.24%. The firm’s revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.44 earnings per share. As a group, sell-side analysts anticipate that Genuine Parts will post 9.36 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on GPC shares. Wedbush lowered their price target on Genuine Parts from $170.00 to $145.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Truist Financial cut their price objective on Genuine Parts from $183.00 to $164.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. Evercore ISI reduced their target price on shares of Genuine Parts from $150.00 to $148.00 and set an “in-line” rating on the stock in a research report on Wednesday, July 24th. UBS Group reduced their price objective on Genuine Parts from $165.00 to $150.00 and set a “neutral” rating on the stock in a report on Wednesday, July 3rd. Finally, Jefferies Financial Group lifted their target price on Genuine Parts from $150.00 to $170.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $161.14.

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.