Latest Stocks: Genuine Parts Company (GPC) Shares Sold by Clean Yield Group

Latest Stocks: Genuine Parts Company (GPC) Shares Sold by Clean Yield Group

Clean Yield Group reduced its stake in shares of Genuine Parts Company (NYSE:GPC) by 0.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,772 shares of the specialty retailer’s stock after selling 330 shares during the period. Genuine Parts Company accounts for 1.9% of Clean Yield Group’s investment portfolio, making the stock its 11th largest position. Clean Yield Group’s holdings in Genuine Parts Company were worth $4,599,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in GPC. Rothschild Asset Management Inc. raised its position in Genuine Parts Company by 26.8% in the third quarter. Rothschild Asset Management Inc. now owns 4,943 shares of the specialty retailer’s stock valued at $497,000 after buying an additional 1,046 shares during the last quarter. Capital One National Association purchased a new position in Genuine Parts Company during the third quarter valued at $489,000. Manning & Napier Advisors LLC raised its position in Genuine Parts Company by 0.8% in the third quarter. Manning & Napier Advisors LLC now owns 22,727 shares of the specialty retailer’s stock valued at $2,282,000 after buying an additional 191 shares during the last quarter. Wells Fargo & Company MN increased its stake in Genuine Parts Company by 5.4% in the third quarter. Wells Fargo & Company MN now owns 1,770,615 shares of the specialty retailer’s stock worth $177,858,000 after buying an additional 90,860 shares during the period. Finally, Cornerstone Wealth Management LLC bought a new stake in Genuine Parts Company during the third quarter worth about $311,000. Institutional investors and hedge funds own 71.75% of the company’s stock.

Genuine Parts Company (GPC) opened at 93.78 on Tuesday. Genuine Parts Company has a 12-month low of $86.61 and a 12-month high of $105.97. The firm has a market cap of $13.82 billion, a PE ratio of 20.29 and a beta of 0.93. The firm’s 50-day moving average is $92.26 and its 200 day moving average is $95.00.

Genuine Parts Company (NYSE:GPC) last issued its quarterly earnings results on Wednesday, April 19th. The specialty retailer reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.03. Genuine Parts Company had a return on equity of 21.43% and a net margin of 4.57%. The company had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.85 billion. During the same period in the previous year, the company earned $1.05 earnings per share. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. Equities research analysts predict that Genuine Parts Company will post $4.81 EPS for the current year. The firm also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Friday, June 9th will be issued a dividend of $0.675 per share. The ex-dividend date is Wednesday, June 7th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 2.88%. Genuine Parts Company’s dividend payout ratio (DPR) is presently 56.68%.

Genuine Parts Company (NYSE:GPC) last issued its quarterly earnings results on Wednesday, April 19th. The specialty retailer reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.03. Genuine Parts Company had a return on equity of 21.43% and a net margin of 4.57%. The company had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.85 billion. During the same period in the previous year, the company earned $1.05 earnings per share. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. Equities research analysts predict that Genuine Parts Company will post $4.81 EPS for the current year. A number of research firms have recently issued reports on GPC. Zacks Investment Research downgraded shares of Genuine Parts Company from a “hold” rating to a “sell” rating in a research note on Friday, April 21st. Goldman Sachs Group Inc reissued a “neutral” rating and issued a $104.00 price target (up from $98.00) on shares of Genuine Parts Company in a research note on Saturday, April 22nd. Jefferies Group LLC reissued a “hold” rating and issued a $95.00 price target on shares of Genuine Parts Company in a research note on Tuesday, April 18th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $96.00 target price on shares of Genuine Parts Company in a research note on Thursday, May 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $102.33.

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