Valley Brook Capital Group Inc. Has $679,000 Stock Holdings in Genuine Parts (NYSE:GPC)

Valley Brook Capital Group Inc. reduced its holdings in shares of Genuine Parts (NYSE:GPC) by 6.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,900 shares of the specialty retailer’s stock after selling 350 shares during the period. Valley Brook Capital Group Inc.’s holdings in Genuine Parts were worth $679,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Axxcess Wealth Management LLC increased its holdings in shares of Genuine Parts by 5.0% during the third quarter. Axxcess Wealth Management LLC now owns 1,546 shares of the specialty retailer’s stock worth $223,000 after buying an additional 74 shares in the last quarter. Financial Counselors Inc. raised its position in Genuine Parts by 0.3% in the 3rd quarter. Financial Counselors Inc. now owns 22,476 shares of the specialty retailer’s stock valued at $3,245,000 after purchasing an additional 76 shares during the last quarter. Balentine LLC boosted its stake in Genuine Parts by 2.2% in the third quarter. Balentine LLC now owns 3,550 shares of the specialty retailer’s stock worth $513,000 after purchasing an additional 76 shares in the last quarter. Grimes & Company Inc. grew its holdings in shares of Genuine Parts by 2.5% during the fourth quarter. Grimes & Company Inc. now owns 3,178 shares of the specialty retailer’s stock worth $440,000 after purchasing an additional 79 shares during the last quarter. Finally, Fiera Capital Corp increased its stake in shares of Genuine Parts by 2.7% in the third quarter. Fiera Capital Corp now owns 3,080 shares of the specialty retailer’s stock valued at $445,000 after buying an additional 80 shares in the last quarter. Institutional investors and hedge funds own 78.83% of the company’s stock.

Insiders Place Their Bets

In other news, Director Wendy B. Needham sold 3,250 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $154.92, for a total transaction of $503,490.00. Following the sale, the director now owns 14,397 shares of the company’s stock, valued at $2,230,383.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.37% of the company’s stock.

Genuine Parts Trading Up 0.7 %

NYSE GPC traded up $1.09 on Friday, reaching $157.41. The company had a trading volume of 670,520 shares, compared to its average volume of 1,304,451. Genuine Parts has a 52 week low of $126.35 and a 52 week high of $174.91. The stock’s 50 day moving average is $153.39 and its 200-day moving average is $143.24. The company has a quick ratio of 0.59, a current ratio of 1.14 and a debt-to-equity ratio of 0.69. The stock has a market cap of $21.93 billion, a price-to-earnings ratio of 17.55 and a beta of 0.94.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings results on Thursday, April 18th. The specialty retailer reported $2.22 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.07. The company had revenue of $5.78 billion during the quarter, compared to analysts’ expectations of $5.84 billion. Genuine Parts had a return on equity of 30.92% and a net margin of 5.46%. Genuine Parts’s revenue was up .3% on a year-over-year basis. During the same period in the prior year, the business posted $2.14 EPS. Equities analysts predict that Genuine Parts will post 9.94 earnings per share for the current year.

Genuine Parts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 7th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.54%. The ex-dividend date is Friday, June 7th. Genuine Parts’s payout ratio is presently 44.59%.

Wall Street Analysts Forecast Growth

GPC has been the topic of a number of research analyst reports. Truist Financial increased their price objective on shares of Genuine Parts from $167.00 to $183.00 and gave the stock a “buy” rating in a report on Friday, April 19th. StockNews.com raised shares of Genuine Parts from a “hold” rating to a “buy” rating in a report on Friday, April 5th. Wedbush reaffirmed a “neutral” rating and set a $170.00 price objective (up previously from $140.00) on shares of Genuine Parts in a report on Friday, April 19th. Jefferies Financial Group lifted their target price on Genuine Parts from $150.00 to $170.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Finally, Evercore ISI cut their price target on Genuine Parts from $160.00 to $155.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 16th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $173.10.

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.