Genuine Parts (NYSE:GPC) issued its quarterly earnings data on Thursday, April 18th. The specialty retailer reported $1.28 EPS for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.03), MarketWatch Earnings reports. Genuine Parts had a net margin of 4.20% and a return on equity of 23.46%. The business had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.79 billion. During the same period in the previous year, the company posted $1.27 earnings per share. Genuine Parts’s revenue was up 3.3% on a year-over-year basis. Genuine Parts updated its FY19 guidance to $5.81-5.86 EPS and its FY 2019 guidance to $5.81-5.96 EPS.
Shares of Genuine Parts stock traded up $0.11 during mid-day trading on Friday, hitting $98.63. 690,311 shares of the stock were exchanged, compared to its average volume of 979,697. The stock has a market capitalization of $14.39 billion, a P/E ratio of 17.36, a P/E/G ratio of 3.22 and a beta of 0.97. Genuine Parts has a twelve month low of $89.87 and a twelve month high of $115.20. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.20 and a quick ratio of 0.64.
The company 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 dividend of $0.7625 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $3.05 annualized dividend and a dividend yield of 3.09%. Genuine Parts’s dividend payout ratio is currently 53.70%.
In related news, insider Scott Sonnemaker acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were acquired at an average cost of $99.01 per share, for a total transaction of $495,050.00. Following the acquisition, the insider now directly owns 5,000 shares in the company, valued at approximately $495,050. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.50% of the company’s stock.
Several hedge funds have recently made changes to their positions in GPC. FMR LLC lifted its holdings in shares of Genuine Parts by 1.0% during the 3rd quarter. FMR LLC now owns 177,661 shares of the specialty retailer’s stock worth $17,659,000 after acquiring an additional 1,825 shares during the period. Virtu Financial LLC purchased a new position in Genuine Parts in the third quarter valued at approximately $238,000. Franklin Resources Inc. raised its holdings in Genuine Parts by 81.9% in the third quarter. Franklin Resources Inc. now owns 21,439 shares of the specialty retailer’s stock valued at $2,131,000 after buying an additional 9,651 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in Genuine Parts in the third quarter valued at approximately $407,000. Finally, Renaissance Technologies LLC raised its holdings in Genuine Parts by 52.7% in the third quarter. Renaissance Technologies LLC now owns 178,800 shares of the specialty retailer’s stock valued at $17,773,000 after buying an additional 61,700 shares during the period. Institutional investors and hedge funds own 76.03% of the company’s stock.
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Genuine Parts Company Profile
Genuine Parts Company distributes automotive replacement, industrial parts and materials, and business products in North America, Australia, New Zealand, the United Kingdom, France, Germany, Poland, and Puerto Rico. The company distributes automotive replacement parts for imported vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, and heavy duty equipment; and accessory items for automotive aftermarket, such as repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, industrial concerns, and individuals.
See Also: Book Value Per Share – BVPS
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