Quantinno Capital Management LP Has $2.35 Million Position in Genuine Parts (NYSE:GPC)

Quantinno Capital Management LP grew its position in Genuine Parts (NYSE:GPC) by 77.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,101 shares of the specialty retailer’s stock after purchasing an additional 8,790 shares during the period. Quantinno Capital Management LP’s holdings in Genuine Parts were worth $2,347,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in GPC. Caprock Group LLC acquired a new stake in Genuine Parts during the 4th quarter worth approximately $540,000. Dimensional Fund Advisors LP raised its holdings in shares of Genuine Parts by 12.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,698,737 shares of the specialty retailer’s stock valued at $198,338,000 after purchasing an additional 182,965 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in Genuine Parts by 436.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 31,451 shares of the specialty retailer’s stock worth $3,672,000 after purchasing an additional 25,583 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Genuine Parts in the 4th quarter valued at $21,840,000. Finally, Parvin Asset Management LLC bought a new stake in Genuine Parts during the 4th quarter worth about $1,320,000. Institutional investors own 78.83% of the company’s stock.

Wall Street Analysts Forecast Growth

GPC has been the topic of several analyst reports. Evercore ISI dropped their target price on Genuine Parts from $135.00 to $130.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Truist Financial lifted their target price on Genuine Parts from $133.00 to $137.00 and gave the stock a “buy” rating in a research note on Thursday, April 24th. The Goldman Sachs Group restated a “sell” rating and issued a $114.00 price target (down previously from $133.00) on shares of Genuine Parts in a research note on Tuesday, April 1st. Argus raised shares of Genuine Parts to a “strong-buy” rating in a research report on Friday, April 25th. Finally, StockNews.com cut shares of Genuine Parts from a “buy” rating to a “hold” rating in a research note on Saturday, April 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Genuine Parts currently has an average rating of “Moderate Buy” and a consensus target price of $130.86.

Genuine Parts Trading Down 0.8%

GPC stock opened at $128.09 on Wednesday. Genuine Parts has a 52 week low of $104.01 and a 52 week high of $152.12. The company has a market capitalization of $17.78 billion, a PE ratio of 19.80 and a beta of 0.76. The company’s 50-day simple moving average is $118.14 and its 200 day simple moving average is $119.93. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.57 and a current ratio of 1.16.

Genuine Parts (NYSE:GPC) last announced its earnings results on Tuesday, April 22nd. The specialty retailer reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.09. Genuine Parts had a net margin of 3.85% and a return on equity of 25.28%. The firm had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.83 billion. As a group, sell-side analysts anticipate that Genuine Parts will post 7.9 earnings per share for the current year.

Genuine Parts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Friday, June 6th. Genuine Parts’s dividend payout ratio (DPR) is presently 67.65%.

Genuine Parts 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.