Transamerica Financial Advisors Inc. Has $749,000 Stake in Genuine Parts (NYSE:GPC)

Transamerica Financial Advisors Inc. increased its stake in shares of Genuine Parts (NYSE:GPC) by 13.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,407 shares of the specialty retailer’s stock after purchasing an additional 741 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in Genuine Parts were worth $749,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Hartford Financial Management Inc. boosted its position in shares of Genuine Parts by 0.5% during the 4th quarter. Hartford Financial Management Inc. now owns 18,715 shares of the specialty retailer’s stock valued at $2,185,000 after acquiring an additional 99 shares in the last quarter. New York Life Investment Management LLC boosted its holdings in Genuine Parts by 0.6% during the fourth quarter. New York Life Investment Management LLC now owns 18,743 shares of the specialty retailer’s stock valued at $2,188,000 after purchasing an additional 108 shares in the last quarter. Grimes & Company Inc. grew its stake in shares of Genuine Parts by 3.3% in the 4th quarter. Grimes & Company Inc. now owns 3,494 shares of the specialty retailer’s stock valued at $408,000 after purchasing an additional 111 shares during the period. Townsquare Capital LLC raised its holdings in shares of Genuine Parts by 0.4% in the 3rd quarter. Townsquare Capital LLC now owns 27,881 shares of the specialty retailer’s stock worth $3,894,000 after buying an additional 115 shares in the last quarter. Finally, Pinnacle Financial Partners Inc lifted its position in shares of Genuine Parts by 2.5% during the 4th quarter. Pinnacle Financial Partners Inc now owns 4,630 shares of the specialty retailer’s stock worth $541,000 after buying an additional 115 shares during the period. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Genuine Parts Trading Down 1.7 %

Shares of NYSE GPC opened at $118.49 on Friday. Genuine Parts has a 1-year low of $112.74 and a 1-year high of $164.45. The company has a current ratio of 1.16, a quick ratio of 0.57 and a debt-to-equity ratio of 0.86. The company has a 50-day moving average of $121.13 and a two-hundred day moving average of $124.07. The company has a market cap of $16.44 billion, a PE ratio of 18.31 and a beta of 0.93.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings data on Tuesday, February 18th. The specialty retailer reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.07. The firm had revenue of $5.77 billion for the quarter, compared to the consensus estimate of $5.71 billion. Genuine Parts had a return on equity of 25.28% and a net margin of 3.85%. During the same quarter in the prior year, the business earned $2.26 EPS. As a group, equities analysts expect that Genuine Parts will post 7.9 earnings per share for the current fiscal year.

Genuine Parts Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.48%. This is a positive change from Genuine Parts’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Friday, March 7th. Genuine Parts’s dividend payout ratio (DPR) is presently 63.68%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on GPC shares. Evercore ISI dropped their price objective on Genuine Parts from $128.00 to $125.00 and set an “in-line” rating for the company in a research note on Wednesday, February 19th. Truist Financial increased their target price on shares of Genuine Parts from $129.00 to $133.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Loop Capital assumed coverage on shares of Genuine Parts in a research report on Thursday, January 16th. They issued a “buy” rating and a $155.00 price target on the stock. Finally, Northcoast Research lowered shares of Genuine Parts from a “buy” rating to a “neutral” rating in a report on Friday, January 17th. Eight investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Genuine Parts has an average rating of “Hold” and a consensus target price of $137.63.

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.