OLD Republic International Corp boosted its position in shares of Genuine Parts (NYSE:GPC) by 51.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 345,000 shares of the specialty retailer’s stock after acquiring an additional 117,000 shares during the period. OLD Republic International Corp’s holdings in Genuine Parts were worth $32,778,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in GPC. Trustcore Financial Services LLC acquired a new stake in Genuine Parts during the fourth quarter valued at $107,000. Captrust Financial Advisors acquired a new stake in shares of Genuine Parts in the fourth quarter valued at about $109,000. Valeo Financial Advisors LLC grew its position in shares of Genuine Parts by 1,061.0% in the fourth quarter. Valeo Financial Advisors LLC now owns 1,161 shares of the specialty retailer’s stock valued at $110,000 after purchasing an additional 1,061 shares during the period. Horan Capital Advisors LLC. acquired a new stake in shares of Genuine Parts in the third quarter valued at about $134,000. Finally, We Are One Seven LLC acquired a new stake in shares of Genuine Parts in the fourth quarter valued at about $177,000. Institutional investors own 75.30% of the company’s stock.

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Genuine Parts stock opened at $90.48 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.34 and a quick ratio of 0.65. The firm has a market cap of $13,320.57, a PE ratio of 21.65, a PEG ratio of 2.39 and a beta of 1.22. Genuine Parts has a 52 week low of $79.86 and a 52 week high of $107.75.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings results on Tuesday, February 20th. The specialty retailer reported $1.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.01. The firm had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $4.05 billion. Genuine Parts had a net margin of 3.78% and a return on equity of 20.48%. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period last year, the firm posted $1.02 earnings per share. research analysts anticipate that Genuine Parts will post 5.72 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Friday, March 9th will be paid a $0.72 dividend. This is an increase from Genuine Parts’s previous quarterly dividend of $0.68. This represents a $2.88 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend is Thursday, March 8th. Genuine Parts’s dividend payout ratio (DPR) is currently 68.90%.

Several analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Genuine Parts from a “hold” rating to a “buy” rating and set a $112.00 target price on the stock in a research report on Tuesday, February 6th. Royal Bank of Canada dropped their target price on shares of Genuine Parts to $100.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 21st. Bank of America dropped their target price on shares of Genuine Parts from $90.00 to $80.00 and set an “underperform” rating on the stock in a research report on Wednesday, February 21st. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $107.00 target price (down previously from $114.00) on shares of Genuine Parts in a research report on Wednesday, February 21st. Finally, Moffett Nathanson assumed coverage on shares of Genuine Parts in a research report on Monday, December 4th. They issued a “sell” rating on the stock. Four analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $97.71.

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Genuine Parts Profile

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

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