Boston Private Wealth LLC Boosts Position in Genuine Parts Company (GPC)

Boston Private Wealth LLC raised its position in shares of Genuine Parts Company (NYSE:GPC) by 2.1% during the first quarter, Holdings Channel reports. The institutional investor owned 19,506 shares of the specialty retailer’s stock after buying an additional 400 shares during the period. Boston Private Wealth LLC’s holdings in Genuine Parts Company were worth $1,803,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of GPC. Russell Investments Group Ltd. acquired a new position in Genuine Parts Company during the fourth quarter worth about $5,577,000. Commerzbank Aktiengesellschaft FI increased its position in shares of Genuine Parts Company by 36.6% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 6,112 shares of the specialty retailer’s stock worth $584,000 after buying an additional 1,637 shares during the period. Van ECK Associates Corp increased its position in shares of Genuine Parts Company by 5.6% in the fourth quarter. Van ECK Associates Corp now owns 2,119 shares of the specialty retailer’s stock worth $202,000 after buying an additional 112 shares during the period. Prudential PLC increased its position in shares of Genuine Parts Company by 15.0% in the fourth quarter. Prudential PLC now owns 9,200 shares of the specialty retailer’s stock worth $879,000 after buying an additional 1,200 shares during the period. Finally, Private Advisor Group LLC increased its position in shares of Genuine Parts Company by 7.0% in the fourth quarter. Private Advisor Group LLC now owns 5,334 shares of the specialty retailer’s stock worth $520,000 after buying an additional 349 shares during the period. Institutional investors own 73.92% of the company’s stock.

Institutional Ownership by Quarter for Genuine Parts Company (NYSE:GPC)

Genuine Parts Company (NYSE:GPC) traded up 0.81% on Friday, hitting $95.61. 1,354,037 shares of the company traded hands. Genuine Parts Company has a 12 month low of $86.61 and a 12 month high of $105.97. The stock’s 50-day moving average is $92.44 and its 200 day moving average is $94.80. The stock has a market cap of $14.09 billion, a PE ratio of 20.69 and a beta of 1.02.

Genuine Parts Company (NYSE:GPC) last announced its quarterly earnings data on Wednesday, April 19th. The specialty retailer reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.03. The firm had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.85 billion. Genuine Parts Company had a return on equity of 21.17% and a net margin of 4.44%. The company’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the company earned $1.05 earnings per share. Equities research analysts expect that Genuine Parts Company will post $4.81 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Friday, June 9th will be given a $0.675 dividend. The ex-dividend date is Wednesday, June 7th. This represents a $2.70 dividend on an annualized basis and a yield of 2.82%. Genuine Parts Company’s payout ratio is 58.44%.

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GPC has been the subject of a number of analyst reports. Royal Bank Of Canada upped their price objective on shares of Genuine Parts Company from $94.00 to $96.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 20th. Zacks Investment Research upgraded shares of Genuine Parts Company from a “sell” rating to a “hold” rating in a research report on Tuesday, April 4th. BidaskClub upgraded shares of Genuine Parts Company from a “sell” rating to a “hold” rating in a research report on Wednesday. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $104.00 price objective (up previously from $98.00) on shares of Genuine Parts Company in a research report on Saturday, April 22nd. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $95.00 price objective on shares of Genuine Parts Company in a research report on Tuesday, April 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $102.33.

About Genuine Parts Company

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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