Latest Stocks: BNP Paribas Arbitrage SA Purchases 124,550 Shares of Genuine Parts Company (GPC)

Latest Stocks: BNP Paribas Arbitrage SA Purchases 124,550 Shares of Genuine Parts Company (GPC)

BNP Paribas Arbitrage SA increased its stake in shares of Genuine Parts Company (NYSE:GPC) by 177.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 194,721 shares of the specialty retailer’s stock after buying an additional 124,550 shares during the period. BNP Paribas Arbitrage SA owned 0.13% of Genuine Parts Company worth $17,994,000 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 worth $497,000 after buying an additional 1,046 shares during the last quarter. Capital One National Association acquired a new position in Genuine Parts Company during the third quarter worth $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 worth $2,282,000 after buying an additional 191 shares during the last quarter. Wells Fargo & Company MN raised its position 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 last quarter. Finally, Cornerstone Wealth Management LLC acquired a new position in Genuine Parts Company during the third quarter worth $311,000. Institutional investors and hedge funds own 71.75% of the company’s stock.

Shares of Genuine Parts Company (NYSE GPC) opened at 93.78 on Tuesday. The company’s 50-day moving average is $92.26 and its 200 day moving average is $95.00. Genuine Parts Company has a 52 week low of $86.61 and a 52 week high of $105.97. The stock has a market capitalization of $13.82 billion, a P/E ratio of 20.29 and a beta of 0.93.

Genuine Parts Company (NYSE:GPC) last announced its quarterly earnings results on Wednesday, April 19th. The specialty retailer reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.03. The business had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.85 billion. Genuine Parts Company had a return on equity of 21.43% and a net margin of 4.57%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.05 EPS. On average, equities analysts forecast that Genuine Parts Company will post $4.81 EPS for the current fiscal year. The company also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Friday, June 9th will be paid a $0.675 dividend. The ex-dividend date is Wednesday, June 7th. This represents a $2.70 annualized dividend and a dividend yield of 2.88%. Genuine Parts Company’s payout ratio is 56.68%.

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

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