Valley Brook Capital Group Inc. Sells 350 Shares of Genuine Parts (NYSE:GPC)

Valley Brook Capital Group Inc. trimmed its position in Genuine Parts (NYSE:GPC) by 6.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,900 shares of the specialty retailer’s stock after selling 350 shares during the period. Valley Brook Capital Group Inc.’s holdings in Genuine Parts were worth $679,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in GPC. SVB Wealth LLC increased its position in shares of Genuine Parts by 35.9% during the 3rd quarter. SVB Wealth LLC now owns 3,773 shares of the specialty retailer’s stock valued at $545,000 after purchasing an additional 996 shares during the last quarter. Telemus Capital LLC boosted its stake in Genuine Parts by 346.5% in the third quarter. Telemus Capital LLC now owns 6,385 shares of the specialty retailer’s stock valued at $922,000 after acquiring an additional 4,955 shares during the last quarter. Cambridge Trust Co. grew its position in shares of Genuine Parts by 27.7% during the 3rd quarter. Cambridge Trust Co. now owns 9,693 shares of the specialty retailer’s stock valued at $1,399,000 after acquiring an additional 2,104 shares during the period. Community Bank N.A. bought a new stake in shares of Genuine Parts in the 3rd quarter worth approximately $433,000. Finally, Simmons Bank lifted its stake in Genuine Parts by 8.1% in the third quarter. Simmons Bank now owns 16,051 shares of the specialty retailer’s stock valued at $2,317,000 after purchasing an additional 1,208 shares during the last quarter. 78.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GPC. 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. 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 report on Tuesday, April 16th. Jefferies Financial Group lifted their target price on shares of Genuine Parts from $150.00 to $170.00 and gave the stock a “hold” rating in a research note on Friday, April 19th. Truist Financial boosted their price target on shares of Genuine Parts from $167.00 to $183.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Finally, StockNews.com upgraded shares of Genuine Parts from a “hold” rating to a “buy” rating in a research note on Friday, April 5th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $173.10.

Genuine Parts Price Performance

Shares of Genuine Parts stock traded up $1.09 during trading on Friday, hitting $157.41. The stock had a trading volume of 670,520 shares, compared to its average volume of 1,304,451. The firm 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 12 month low of $126.35 and a 12 month high of $174.91. The business’s 50-day moving average is $153.39 and its 200 day moving average is $143.24. The company has a current ratio of 1.14, a quick ratio of 0.59 and a debt-to-equity ratio of 0.69.

Genuine Parts (NYSE:GPC) last released its quarterly earnings results on Thursday, April 18th. The specialty retailer reported $2.22 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.07. Genuine Parts had a return on equity of 30.92% and a net margin of 5.46%. The firm had revenue of $5.78 billion for the quarter, compared to analysts’ expectations of $5.84 billion. During the same quarter last year, the firm posted $2.14 EPS. The company’s revenue was up .3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Genuine Parts will post 9.94 earnings per share for the current year.

Genuine Parts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 7th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $4.00 dividend on an annualized basis and a yield of 2.54%. Genuine Parts’s dividend payout ratio is presently 44.59%.

Insider Activity

In related news, Director Wendy B. Needham sold 3,250 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $154.92, for a total value of $503,490.00. Following the transaction, the director now owns 14,397 shares of the company’s stock, valued at $2,230,383.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.37% of the company’s stock.

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.