Stephens Inc. AR Buys 774 Shares of Genuine Parts (NYSE:GPC)

Stephens Inc. AR boosted its stake in Genuine Parts (NYSE:GPC) by 1.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,835 shares of the specialty retailer’s stock after acquiring an additional 774 shares during the quarter. Stephens Inc. AR’s holdings in Genuine Parts were worth $4,540,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. NEXT Financial Group Inc bought a new stake in Genuine Parts during the 2nd quarter worth about $26,000. Cutler Group LP lifted its position in Genuine Parts by 967.7% during the 1st quarter. Cutler Group LP now owns 269 shares of the specialty retailer’s stock worth $30,000 after buying an additional 300 shares in the last quarter. Gables Capital Management Inc. lifted its position in Genuine Parts by 125.0% during the 1st quarter. Gables Capital Management Inc. now owns 360 shares of the specialty retailer’s stock worth $40,000 after buying an additional 200 shares in the last quarter. Destination Wealth Management bought a new stake in Genuine Parts during the 1st quarter worth about $41,000. Finally, Marshall Wace North America L.P. bought a new stake in Genuine Parts during the 1st quarter worth about $44,000. 76.85% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have commented on the stock. Zacks Investment Research raised shares of Genuine Parts from a “sell” rating to a “hold” rating and set a $103.00 price target on the stock in a research report on Wednesday, July 24th. Royal Bank of Canada set a $101.00 target price on shares of Genuine Parts and gave the company a “hold” rating in a report on Friday, July 19th. Goldman Sachs Group initiated coverage on shares of Genuine Parts in a report on Thursday, July 11th. They issued a “neutral” rating and a $107.00 target price on the stock. JPMorgan Chase & Co. dropped their target price on shares of Genuine Parts from $114.00 to $104.00 and set a “neutral” rating on the stock in a report on Monday, July 15th. Finally, Jefferies Financial Group set a $102.00 target price on shares of Genuine Parts and gave the company a “hold” rating in a report on Friday, July 19th. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $105.75.

Shares of GPC stock traded up $1.17 on Friday, reaching $90.02. The stock had a trading volume of 10,321 shares, compared to its average volume of 967,958. The company has a quick ratio of 0.68, a current ratio of 1.26 and a debt-to-equity ratio of 0.98. The firm’s 50-day moving average is $98.52 and its two-hundred day moving average is $103.33. The firm has a market capitalization of $13.31 billion, a price-to-earnings ratio of 15.78, a P/E/G ratio of 3.11 and a beta of 0.92. Genuine Parts has a 12 month low of $87.92 and a 12 month high of $115.20.

Genuine Parts (NYSE:GPC) last issued its earnings results on Thursday, July 18th. The specialty retailer reported $1.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.65 by ($0.08). The firm had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $5 billion. Genuine Parts had a net margin of 4.17% and a return on equity of 23.16%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.59 earnings per share. On average, sell-side analysts forecast that Genuine Parts will post 5.7 earnings per share for the current fiscal year.

About Genuine Parts

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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