Greenfield Savings Bank Sells 484 Shares of Genuine Parts (NYSE:GPC)

Greenfield Savings Bank decreased its position in shares of Genuine Parts (NYSE:GPC) by 14.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,770 shares of the specialty retailer’s stock after selling 484 shares during the period. Greenfield Savings Bank’s holdings in Genuine Parts were worth $323,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the business. Code Waechter LLC increased its holdings in Genuine Parts by 14.8% in the fourth quarter. Code Waechter LLC now owns 1,953 shares of the specialty retailer’s stock valued at $228,000 after purchasing an additional 252 shares during the period. Leibman Financial Services Inc. grew its holdings in Genuine Parts by 20.2% in the fourth quarter. Leibman Financial Services Inc. now owns 25,460 shares of the specialty retailer’s stock worth $2,973,000 after purchasing an additional 4,271 shares during the period. First Financial Corp IN acquired a new stake in Genuine Parts in the 4th quarter valued at $44,000. Forza Wealth Management LLC raised its stake in shares of Genuine Parts by 10.3% in the fourth quarter. Forza Wealth Management LLC now owns 4,827 shares of the specialty retailer’s stock worth $564,000 after purchasing an additional 451 shares during the last quarter. Finally, Brookstone Capital Management lifted its position in shares of Genuine Parts by 20.5% during the 4th quarter. Brookstone Capital Management now owns 8,470 shares of the specialty retailer’s stock worth $989,000 after buying an additional 1,441 shares in the last quarter. 78.83% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Genuine Parts news, Director Wendy B. Needham sold 1,608 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $120.78, for a total value of $194,214.24. Following the sale, the director now directly owns 11,357 shares in the company, valued at $1,371,698.46. This trade represents a 12.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.37% of the company’s stock.

Genuine Parts Trading Up 0.5 %

NYSE:GPC opened at $116.50 on Tuesday. The firm has a fifty day simple moving average of $120.94 and a 200-day simple moving average of $130.86. The company has a current ratio of 1.17, a quick ratio of 0.57 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $16.20 billion, a P/E ratio of 14.99 and a beta of 0.95. Genuine Parts has a 12 month low of $112.74 and a 12 month high of $164.45.

Genuine Parts (NYSE:GPC) last posted its earnings results on Tuesday, October 22nd. The specialty retailer reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.42 by ($0.54). The firm had revenue of $6 billion during the quarter, compared to analyst estimates of $5.94 billion. Genuine Parts had a net margin of 4.67% and a return on equity of 27.23%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.49 earnings per share. On average, equities research analysts anticipate that Genuine Parts will post 8.09 earnings per share for the current year.

Genuine Parts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend was Friday, December 6th. Genuine Parts’s payout ratio is currently 51.48%.

Analyst Upgrades and Downgrades

GPC has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their target price on Genuine Parts from $162.00 to $135.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 22nd. Evercore ISI upped their price objective on shares of Genuine Parts from $155.00 to $160.00 and gave the stock an “in-line” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group decreased their target price on shares of Genuine Parts from $162.00 to $138.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Truist Financial lowered their target price on shares of Genuine Parts from $164.00 to $129.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Finally, Redburn Atlantic raised Genuine Parts to a “hold” rating in a research report on Monday, November 11th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $139.57.

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.