Banco Santander S.A. Boosts Stake in Genuine Parts (NYSE:GPC)

Banco Santander S.A. raised its holdings in Genuine Parts (NYSE:GPCGet Rating) by 1,622.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,290 shares of the specialty retailer’s stock after purchasing an additional 44,545 shares during the quarter. Banco Santander S.A.’s holdings in Genuine Parts were worth $5,959,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GPC. JNBA Financial Advisors grew its stake in shares of Genuine Parts by 103.8% in the fourth quarter. JNBA Financial Advisors now owns 214 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 109 shares in the last quarter. FSB Premier Wealth Management Inc. acquired a new stake in shares of Genuine Parts in the fourth quarter valued at $31,000. Missouri Trust & Investment Co acquired a new stake in shares of Genuine Parts in the fourth quarter valued at $32,000. Capital Analysts LLC grew its stake in shares of Genuine Parts by 82.4% in the fourth quarter. Capital Analysts LLC now owns 239 shares of the specialty retailer’s stock valued at $34,000 after buying an additional 108 shares in the last quarter. Finally, Barnett & Company Inc. grew its stake in shares of Genuine Parts by 40.0% in the fourth quarter. Barnett & Company Inc. now owns 280 shares of the specialty retailer’s stock valued at $39,000 after buying an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 76.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on GPC shares. Evercore ISI dropped their price objective on Genuine Parts to $135.00 in a research note on Thursday, June 9th. Wedbush upped their price objective on Genuine Parts from $140.00 to $150.00 in a research report on Thursday, July 28th. Finally, Bank of America raised Genuine Parts from an “underperform” rating to a “neutral” rating and set a $133.00 price objective for the company in a research report on Tuesday, May 10th. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Genuine Parts has an average rating of “Hold” and a consensus price target of $140.20.

Genuine Parts Stock Performance

NYSE GPC opened at $150.98 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.58 and a debt-to-equity ratio of 0.90. The business’s 50 day moving average is $138.63 and its two-hundred day moving average is $132.65. Genuine Parts has a 12-month low of $115.63 and a 12-month high of $154.13. The stock has a market capitalization of $21.35 billion, a price-to-earnings ratio of 19.56, a PEG ratio of 1.91 and a beta of 0.99.

Genuine Parts (NYSE:GPCGet Rating) last released its earnings results on Wednesday, July 27th. The specialty retailer reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.17. Genuine Parts had a return on equity of 31.67% and a net margin of 5.38%. The company had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.30 billion. During the same quarter in the previous year, the firm posted $1.74 EPS. The firm’s quarterly revenue was up 17.1% on a year-over-year basis. Research analysts expect that Genuine Parts will post 7.95 EPS for the current year.

Genuine Parts Profile

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Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials. It operates through 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 accessory and supply items used by various automotive aftermarket customers, 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.

Further Reading

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

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