Wealthcare Advisory Partners LLC Sells 217 Shares of Genuine Parts (NYSE:GPC)

Wealthcare Advisory Partners LLC lowered its position in Genuine Parts (NYSE:GPC) by 1.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 13,283 shares of the specialty retailer’s stock after selling 217 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Genuine Parts were worth $1,551,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tompkins Financial Corp grew its holdings in shares of Genuine Parts by 271.7% during the 4th quarter. Tompkins Financial Corp now owns 1,368 shares of the specialty retailer’s stock valued at $160,000 after purchasing an additional 1,000 shares during the last quarter. Stolper Co purchased a new stake in Genuine Parts during the fourth quarter valued at about $5,194,000. Sawyer & Company Inc grew its stake in shares of Genuine Parts by 3.9% during the fourth quarter. Sawyer & Company Inc now owns 10,650 shares of the specialty retailer’s stock valued at $1,243,000 after buying an additional 403 shares during the last quarter. Burney Co. increased its holdings in shares of Genuine Parts by 20.8% in the fourth quarter. Burney Co. now owns 4,928 shares of the specialty retailer’s stock worth $575,000 after buying an additional 850 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Genuine Parts by 1,368.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 67,955 shares of the specialty retailer’s stock valued at $7,934,000 after acquiring an additional 63,328 shares during the last quarter. 78.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on GPC shares. The Goldman Sachs Group lowered their price objective on Genuine Parts from $162.00 to $138.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Wedbush lowered their price target on shares of Genuine Parts from $145.00 to $120.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. UBS Group decreased their price objective on shares of Genuine Parts from $145.00 to $125.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. dropped their target price on shares of Genuine Parts from $162.00 to $135.00 and set an “overweight” rating for the company in a report on Tuesday, October 22nd. Finally, Northcoast Research downgraded Genuine Parts from a “buy” rating to a “neutral” rating in a report on Friday. Eight analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $141.50.

Insider Activity

In other news, Director Wendy B. Needham sold 1,608 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $120.78, for a total value of $194,214.24. Following the transaction, the director now owns 11,357 shares in the company, valued at approximately $1,371,698.46. This represents a 12.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.37% of the company’s stock.

Genuine Parts Trading Down 0.8 %

GPC opened at $118.43 on Friday. The company has a quick ratio of 0.57, a current ratio of 1.17 and a debt-to-equity ratio of 0.81. Genuine Parts has a 52 week low of $112.74 and a 52 week high of $164.45. The stock has a market cap of $16.47 billion, a PE ratio of 15.24 and a beta of 0.95. The business has a 50 day moving average of $120.69 and a 200-day moving average of $130.39.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings data on Tuesday, October 22nd. The specialty retailer reported $1.88 EPS for the quarter, missing the consensus estimate of $2.42 by ($0.54). The firm had revenue of $6 billion for the quarter, compared to analysts’ expectations of $5.94 billion. Genuine Parts had a net margin of 4.67% and a return on equity of 27.23%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.49 EPS. Equities research analysts predict that Genuine Parts will post 8.09 earnings per share for the current fiscal year.

Genuine Parts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date was Friday, December 6th. Genuine Parts’s dividend payout ratio is 51.48%.

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.