Lbp Am Sa Invests $4.87 Million in Genuine Parts (NYSE:GPC)

Lbp Am Sa purchased a new position in shares of Genuine Parts (NYSE:GPC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 41,708 shares of the specialty retailer’s stock, valued at approximately $4,870,000.

A number of other institutional investors and hedge funds have also made changes to their positions in GPC. Ashton Thomas Securities LLC acquired a new stake in shares of Genuine Parts during the 3rd quarter worth approximately $26,000. Kestra Investment Management LLC acquired a new stake in Genuine Parts in the 4th quarter valued at approximately $28,000. First Command Advisory Services Inc. acquired a new stake in Genuine Parts in the 4th quarter valued at approximately $28,000. Compass Planning Associates Inc acquired a new stake in Genuine Parts in the 4th quarter valued at approximately $29,000. Finally, Synergy Asset Management LLC acquired a new stake in Genuine Parts in the 4th quarter valued at approximately $32,000. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GPC has been the topic of several analyst reports. Truist Financial raised their target price on Genuine Parts from $129.00 to $133.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Evercore ISI lowered their target price on Genuine Parts from $128.00 to $125.00 and set an “in-line” rating on the stock in a research report on Wednesday, February 19th. Northcoast Research cut Genuine Parts from a “buy” rating to a “neutral” rating in a research report on Friday, January 17th. Finally, Loop Capital assumed coverage on Genuine Parts in a research note on Thursday, January 16th. They set a “buy” rating and a $155.00 price target for the company. Eight analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $137.63.

Genuine Parts Stock Performance

Shares of NYSE GPC opened at $122.16 on Friday. The firm has a market cap of $16.95 billion, a P/E ratio of 18.88 and a beta of 0.93. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.57 and a current ratio of 1.16. The stock has a fifty day moving average price of $120.41 and a two-hundred day moving average price of $125.54. Genuine Parts has a 1 year low of $112.74 and a 1 year high of $164.45.

Genuine Parts (NYSE:GPC) last released its quarterly earnings data on Tuesday, February 18th. The specialty retailer reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.07. The business had revenue of $5.77 billion during 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 last year, the company posted $2.26 EPS. Research analysts forecast that Genuine Parts will post 7.9 EPS for the current fiscal year.

Genuine Parts Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be paid a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Genuine Parts’s previous quarterly dividend of $1.00. This represents a $4.12 annualized dividend and a dividend yield of 3.37%. Genuine Parts’s dividend payout ratio (DPR) is currently 63.68%.

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.