Genuine Parts (NYSE:GPC) Shares Sold by First National Trust Co

First National Trust Co cut its position in shares of Genuine Parts (NYSE:GPC) by 1.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 19,733 shares of the specialty retailer’s stock after selling 221 shares during the period. First National Trust Co’s holdings in Genuine Parts were worth $2,733,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. OFI Invest Asset Management acquired a new position in Genuine Parts during the third quarter valued at approximately $25,000. Briaud Financial Planning Inc acquired a new position in shares of Genuine Parts during the 3rd quarter valued at $28,000. Milestone Investment Advisors LLC purchased a new stake in Genuine Parts during the 3rd quarter worth $28,000. Authentikos Wealth Advisory LLC acquired a new stake in Genuine Parts in the 3rd quarter valued at $40,000. Finally, Orion Capital Management LLC acquired a new position in shares of Genuine Parts during the third quarter worth about $42,000. 78.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Truist Financial increased their target price on Genuine Parts from $167.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Evercore ISI dropped their price objective on shares of Genuine Parts from $160.00 to $155.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 16th. Wedbush restated a “neutral” rating and issued a $170.00 target price (up from $140.00) on shares of Genuine Parts in a research note on Friday, April 19th. StockNews.com raised shares of Genuine Parts from a “hold” rating to a “buy” rating in a research note on Friday, April 5th. Finally, Jefferies Financial Group upped their price objective on shares of Genuine Parts from $150.00 to $170.00 and gave the company a “hold” rating in a research report on Friday, April 19th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $173.10.

Genuine Parts Stock Up 0.7 %

Shares of Genuine Parts stock traded up $1.09 during trading on Friday, reaching $157.41. The company had a trading volume of 670,520 shares, compared to its average volume of 1,304,451. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.59 and a current ratio of 1.14. The company has a market cap of $21.93 billion, a price-to-earnings ratio of 17.55 and a beta of 0.94. Genuine Parts has a fifty-two week low of $126.35 and a fifty-two week high of $174.91. The firm’s fifty day moving average is $153.39 and its 200-day moving average is $143.33.

Genuine Parts (NYSE:GPC) last issued its earnings results on Thursday, April 18th. The specialty retailer reported $2.22 EPS for the quarter, topping the consensus estimate of $2.15 by $0.07. The company had revenue of $5.78 billion during the quarter, compared to analyst estimates of $5.84 billion. Genuine Parts had a return on equity of 30.92% and a net margin of 5.46%. The business’s revenue was up .3% on a year-over-year basis. During the same quarter last year, the firm earned $2.14 EPS. On average, analysts anticipate that Genuine Parts will post 9.94 EPS for the current year.

Genuine Parts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 7th will be issued a dividend of $1.00 per share. The ex-dividend date is Friday, June 7th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.54%. Genuine Parts’s dividend payout ratio (DPR) is 44.59%.

Insider Transactions at Genuine Parts

In related news, Director Wendy B. Needham sold 3,250 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $154.92, for a total transaction of $503,490.00. Following the sale, the director now owns 14,397 shares in the company, valued at $2,230,383.24. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.37% of the company’s stock.

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.