Genuine Parts (NYSE:GPC) Shares Bought by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. raised its holdings in Genuine Parts (NYSE:GPC) by 0.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 231,159 shares of the specialty retailer’s stock after purchasing an additional 2,057 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.17% of Genuine Parts worth $35,813,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in GPC. Assetmark Inc. boosted its holdings in shares of Genuine Parts by 109.1% in the fourth quarter. Assetmark Inc. now owns 184 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 96 shares in the last quarter. WD Rutherford LLC purchased a new stake in shares of Genuine Parts in the first quarter valued at about $26,000. Union Savings Bank boosted its holdings in shares of Genuine Parts by 100.0% in the first quarter. Union Savings Bank now owns 200 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 100 shares in the last quarter. Thompson Investment Management Inc. purchased a new stake in shares of Genuine Parts in the first quarter valued at about $35,000. Finally, Stephens Consulting LLC boosted its holdings in Genuine Parts by 740.7% during the first quarter. Stephens Consulting LLC now owns 227 shares of the specialty retailer’s stock worth $35,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Genuine Parts Trading Up 3.0 %

GPC stock traded up $4.30 on Tuesday, hitting $147.09. 939,590 shares of the company were exchanged, compared to its average volume of 1,024,041. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.12 and a quick ratio of 0.54. Genuine Parts has a twelve month low of $126.35 and a twelve month high of $164.45. The business’s fifty day moving average is $140.11 and its two-hundred day moving average is $146.44. The stock has a market capitalization of $20.49 billion, a price-to-earnings ratio of 16.16 and a beta of 0.92.

Genuine Parts (NYSE:GPC) last released its quarterly earnings data on Tuesday, July 23rd. The specialty retailer reported $2.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.59 by ($0.15). Genuine Parts had a return on equity of 30.03% and a net margin of 5.24%. The business had revenue of $5.96 billion for the quarter, compared to analysts’ expectations of $6.03 billion. During the same quarter in the prior year, the firm earned $2.44 earnings per share. Genuine Parts’s quarterly revenue was up .8% compared to the same quarter last year. As a group, research analysts forecast that Genuine Parts will post 9.37 earnings per share for the current year.

Insiders Place Their Bets

In other Genuine Parts news, Director Wendy B. Needham sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $151.29, for a total transaction of $453,870.00. Following the completion of the sale, the director now directly owns 13,006 shares in the company, valued at $1,967,677.74. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.37% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

GPC has been the topic of a number of research analyst reports. StockNews.com raised shares of Genuine Parts from a “hold” rating to a “buy” rating in a report on Wednesday, July 24th. Wedbush reduced their price target on shares of Genuine Parts from $170.00 to $145.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Jefferies Financial Group upped their price target on shares of Genuine Parts from $150.00 to $170.00 and gave the company a “hold” rating in a report on Friday, April 19th. The Goldman Sachs Group reduced their price target on shares of Genuine Parts from $166.00 to $162.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Finally, Evercore ISI reduced their price target on shares of Genuine Parts from $150.00 to $148.00 and set an “in-line” rating on the stock in a report on Wednesday, July 24th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Genuine Parts currently has a consensus rating of “Hold” and an average target price of $161.14.

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.