Sawyer & Company Inc Acquires 1,980 Shares of Genuine Parts (GPC)

Sawyer & Company Inc raised its holdings in Genuine Parts (NYSE:GPC) by 34.1% during the 1st quarter, Holdings Channel reports. The firm owned 7,785 shares of the specialty retailer’s stock after acquiring an additional 1,980 shares during the period. Sawyer & Company Inc’s holdings in Genuine Parts were worth $872,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Clarfeld Financial Advisors LLC purchased a new stake in Genuine Parts in the fourth quarter valued at $26,000. Essex Savings Bank purchased a new stake in Genuine Parts in the fourth quarter valued at $27,000. Sontag Advisory LLC purchased a new stake in Genuine Parts in the fourth quarter valued at $29,000. Lindbrook Capital LLC purchased a new stake in Genuine Parts in the fourth quarter valued at $31,000. Finally, Berman Capital Advisors LLC purchased a new stake in Genuine Parts in the fourth quarter valued at $33,000. 76.03% of the stock is currently owned by institutional investors.

GPC has been the topic of several recent research reports. Wedbush reaffirmed a “neutral” rating on shares of Genuine Parts in a report on Tuesday, January 15th. Zacks Investment Research lowered shares of Genuine Parts from a “buy” rating to a “hold” rating in a research note on Tuesday, February 12th. ValuEngine raised shares of Genuine Parts from a “hold” rating to a “buy” rating in a research note on Tuesday, February 19th. Finally, Evercore ISI assumed coverage on shares of Genuine Parts in a research note on Wednesday, March 20th. They set an “in-line” rating and a $110.00 target price on the stock. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. Genuine Parts has an average rating of “Hold” and an average target price of $103.60.

In other news, insider Scott Sonnemaker bought 5,000 shares of the stock in a transaction dated Tuesday, May 7th. The shares were acquired at an average cost of $99.01 per share, with a total value of $495,050.00. Following the purchase, the insider now directly owns 5,000 shares in the company, valued at approximately $495,050. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 4.50% of the company’s stock.

GPC stock opened at $97.38 on Monday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.64 and a current ratio of 1.20. Genuine Parts has a 52-week low of $89.87 and a 52-week high of $115.20. The stock has a market cap of $14.39 billion, a PE ratio of 17.14, a PEG ratio of 3.22 and a beta of 0.97.

Genuine Parts (NYSE:GPC) last posted its earnings results on Thursday, April 18th. The specialty retailer reported $1.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.03). Genuine Parts had a return on equity of 23.46% and a net margin of 4.20%. The firm had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.79 billion. During the same period in the previous year, the company earned $1.27 earnings per share. The company’s revenue was up 3.3% compared to the same quarter last year. Sell-side analysts forecast that Genuine Parts will post 5.9 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 7th will be paid a dividend of $0.7625 per share. This represents a $3.05 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend is Thursday, June 6th. Genuine Parts’s payout ratio is currently 53.70%.

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Genuine Parts 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.

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Institutional Ownership by Quarter for Genuine Parts (NYSE:GPC)

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