Genuine Parts (GPC) Holdings Boosted by Gofen & Glossberg LLC IL

Gofen & Glossberg LLC IL boosted its holdings in shares of Genuine Parts (NYSE:GPC) by 32.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,100 shares of the specialty retailer’s stock after acquiring an additional 1,000 shares during the quarter. Gofen & Glossberg LLC IL’s holdings in Genuine Parts were worth $390,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in GPC. CIBC World Markets Inc. increased its position in Genuine Parts by 20.7% during the second quarter. CIBC World Markets Inc. now owns 3,802 shares of the specialty retailer’s stock worth $353,000 after buying an additional 652 shares during the last quarter. Franklin Resources Inc. bought a new stake in shares of Genuine Parts during the second quarter worth approximately $645,000. Alliancebernstein L.P. boosted its holdings in shares of Genuine Parts by 0.3% during the second quarter. Alliancebernstein L.P. now owns 258,899 shares of the specialty retailer’s stock worth $24,015,000 after acquiring an additional 715 shares during the period. Teachers Advisors LLC boosted its holdings in shares of Genuine Parts by 6.1% during the second quarter. Teachers Advisors LLC now owns 189,596 shares of the specialty retailer’s stock worth $17,587,000 after acquiring an additional 10,896 shares during the period. Finally, Amalgamated Bank boosted its holdings in shares of Genuine Parts by 48.9% during the second quarter. Amalgamated Bank now owns 16,461 shares of the specialty retailer’s stock worth $1,527,000 after acquiring an additional 5,406 shares during the period. 75.84% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Genuine Parts (NYSE:GPC) opened at $103.48 on Thursday. Genuine Parts has a 1-year low of $79.86 and a 1-year high of $104.88. The stock has a market capitalization of $15,071.87, a P/E ratio of 23.15, a PEG ratio of 2.51 and a beta of 1.12. The company has a current ratio of 1.32, a quick ratio of 0.62 and a debt-to-equity ratio of 0.16.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings data on Thursday, October 19th. The specialty retailer reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.12). The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $4.10 billion. Genuine Parts had a return on equity of 20.49% and a net margin of 4.16%. The company’s revenue was down 72.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.24 EPS. equities research analysts expect that Genuine Parts will post 4.6 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 8th were paid a $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 2.61%. The ex-dividend date was Thursday, December 7th. Genuine Parts’s dividend payout ratio (DPR) is currently 60.40%.

A number of equities research analysts have recently issued reports on the company. Jefferies Group restated a “hold” rating and set a $95.00 price objective on shares of Genuine Parts in a report on Thursday, October 12th. Zacks Investment Research upgraded Genuine Parts from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Royal Bank of Canada boosted their price objective on Genuine Parts from $85.00 to $98.00 and gave the stock a “sector perform” rating in a report on Tuesday, September 26th. Moffett Nathanson assumed coverage on Genuine Parts in a report on Monday, December 4th. They set a “sell” rating for the company. Finally, Gabelli restated a “buy” rating on shares of Genuine Parts in a report on Friday, October 20th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Genuine Parts has an average rating of “Hold” and an average price target of $95.00.

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

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