Strategic Wealth Partners Ltd. Purchases 427 Shares of Genuine Parts (NYSE:GPC)

Strategic Wealth Partners Ltd. raised its position in shares of Genuine Parts (NYSE:GPC) by 24.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,157 shares of the specialty retailer’s stock after purchasing an additional 427 shares during the period. Strategic Wealth Partners Ltd.’s holdings in Genuine Parts were worth $334,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. WD Rutherford LLC purchased a new stake in shares of Genuine Parts during the first quarter worth $26,000. Assetmark Inc. raised its position in shares of Genuine Parts by 109.1% in the fourth quarter. Assetmark Inc. now owns 184 shares of the specialty retailer’s stock worth $25,000 after buying an additional 96 shares in the last quarter. Union Savings Bank raised its position 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 worth $31,000 after buying 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 worth $35,000. Finally, Stephens Consulting LLC raised its position in shares of Genuine Parts by 740.7% in 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. 78.83% of the stock is owned by institutional investors.

Genuine Parts Trading Down 0.6 %

Shares of NYSE:GPC traded down $0.93 on Friday, reaching $142.55. 1,062,183 shares of the company traded hands, compared to its average volume of 1,034,772. The business’s 50-day simple moving average is $139.87 and its 200 day simple moving average is $146.50. Genuine Parts has a 52 week low of $126.35 and a 52 week high of $164.45. The stock has a market capitalization of $19.86 billion, a P/E ratio of 15.89 and a beta of 0.92. The company has a current ratio of 1.12, a quick ratio of 0.54 and a debt-to-equity ratio of 0.66.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings data on Tuesday, July 23rd. The specialty retailer reported $2.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.59 by ($0.15). Genuine Parts had a net margin of 5.24% and a return on equity of 30.03%. The company had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.03 billion. During the same period last year, the business posted $2.44 earnings per share. The firm’s quarterly revenue was up .8% compared to the same quarter last year. As a group, equities analysts anticipate that Genuine Parts will post 9.36 EPS for the current fiscal year.

Insider Activity

In related news, Director Wendy B. Needham sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $151.29, for a total value of $453,870.00. Following the sale, the director now directly owns 13,006 shares of the company’s stock, valued at $1,967,677.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on GPC shares. StockNews.com downgraded Genuine Parts from a “buy” rating to a “hold” rating in a research report on Friday. Jefferies Financial Group increased their price objective on Genuine Parts from $150.00 to $170.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Truist Financial lowered their price target on Genuine Parts from $183.00 to $164.00 and set a “buy” rating on the stock in a research report on Tuesday, July 23rd. The Goldman Sachs Group lowered their price target on Genuine Parts from $166.00 to $162.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Finally, Wedbush lowered their price target on Genuine Parts from $170.00 to $145.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Genuine Parts currently has an average rating of “Hold” and an average price target of $161.14.

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.