Todays Report: The Signaturefd LLC decides to keep it stake in Genuine Parts Co. (GPC) to the level of $176,000

The Signaturefd LLC decides to keep it stake in Genuine Parts Co. (GPC) to the level of $176,000

Signaturefd LLC raised its stake in shares of Genuine Parts Co. (NYSE:GPC) by 12.2% during the second quarter, Holdings Channel reports. The institutional investor owned 1,734 shares of the company’s stock after buying an additional 188 shares during the period. Signaturefd LLC’s holdings in Genuine Parts were worth $176,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in GPC. RPg Family Wealth Advisory LLC boosted its stake in shares of Genuine Parts by 0.8% in the first quarter. RPg Family Wealth Advisory LLC now owns 1,008 shares of the company’s stock valued at $100,000 after buying an additional 8 shares in the last quarter. NN Investment Partners Holdings N.V. acquired a new stake in shares of Genuine Parts during the first quarter valued at about $100,000. Checchi Capital Advisers LLC boosted its stake in shares of Genuine Parts by 2.4% in the second quarter. Checchi Capital Advisers LLC now owns 1,679 shares of the company’s stock valued at $170,000 after buying an additional 40 shares in the last quarter. Trust Co. of Vermont boosted its stake in shares of Genuine Parts by 45.2% in the second quarter. Trust Co. of Vermont now owns 1,885 shares of the company’s stock valued at $191,000 after buying an additional 587 shares in the last quarter. Finally, Mariner Wealth Advisors LLC acquired a new stake in shares of Genuine Parts during the first quarter valued at about $214,000. 71.56% of the stock is owned by institutional investors.

Shares of Genuine Parts Co. (NYSE:GPC) traded up 0.43% during midday trading on Friday, hitting $98.12. 240,308 shares of the stock were exchanged. The firm has a 50 day moving average of $99.82 and a 200 day moving average of $99.13. The firm has a market cap of $14.61 billion, a P/E ratio of 21.19 and a beta of 0.92. Genuine Parts Co. has a 12-month low of $76.50 and a 12-month high of $105.97.

Genuine Parts (NYSE:GPC) last released its earnings results on Tuesday, July 19th. The company reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by $0.01. Genuine Parts had a net margin of 4.59% and a return on equity of 21.79%. The company earned $3.90 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter in the previous year, the firm posted $1.28 earnings per share. Equities analysts forecast that Genuine Parts Co. will post $4.73 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Friday, September 9th were issued a $0.6575 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $2.63 dividend on an annualized basis and a yield of 2.69%. Genuine Parts’s payout ratio is 56.68%.

GPC has been the subject of several analyst reports. Argus reissued a “buy” rating and issued a $108.00 price target (up previously from $106.00) on shares of Genuine Parts in a research note on Monday, July 25th. Zacks Investment Research raised shares of Genuine Parts from a “sell” rating to a “hold” rating and set a $115.00 price target for the company in a research note on Friday, July 15th. Jefferies Group cut shares of Genuine Parts from a “buy” rating to a “hold” rating and set a $112.00 price target for the company. in a research note on Friday, July 15th. Gabelli cut shares of Genuine Parts from a “buy” rating to a “hold” rating and set a $106.00 price target for the company. in a research note on Thursday, July 14th. Finally, Susquehanna initiated coverage on shares of Genuine Parts in a research note on Thursday, August 25th. They issued a “neutral” rating and a $102.00 price target for the company. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $99.82.

Genuine Parts Company Profile

Genuine Parts Company is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. The Company’s segments include Automotive, Industrial, Office Products Group, Electrical/Electronic Materials and Other.

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