Russell Investments Group Ltd. raised its position in shares of Genuine Parts Company (NYSE:GPC) by 112.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 135,426 shares of the specialty retailer’s stock after buying an additional 71,676 shares during the period. Russell Investments Group Ltd. owned about 0.09% of Genuine Parts worth $12,565,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. TLP Group LLC acquired a new stake in Genuine Parts during the first quarter worth $379,000. Integrated Wealth Management increased its stake in Genuine Parts by 2.0% in the first quarter. Integrated Wealth Management now owns 2,618 shares of the specialty retailer’s stock worth $242,000 after buying an additional 52 shares during the period. Hartford Financial Management Inc. increased its stake in Genuine Parts by 0.9% in the first quarter. Hartford Financial Management Inc. now owns 17,166 shares of the specialty retailer’s stock worth $1,586,000 after buying an additional 150 shares during the period. Hutner Capital Management Inc. increased its stake in Genuine Parts by 3.3% in the first quarter. Hutner Capital Management Inc. now owns 23,344 shares of the specialty retailer’s stock worth $2,157,000 after buying an additional 739 shares during the period. Finally, Vanguard Group Inc. increased its stake in Genuine Parts by 4.7% in the first quarter. Vanguard Group Inc. now owns 15,429,332 shares of the specialty retailer’s stock worth $1,425,824,000 after buying an additional 690,398 shares during the period. Hedge funds and other institutional investors own 73.28% of the company’s stock.
Shares of Genuine Parts Company (NYSE GPC) traded up 0.63% during trading on Friday, reaching $82.81. The company had a trading volume of 470,391 shares. The stock has a market capitalization of $12.16 billion, a PE ratio of 17.93 and a beta of 1.04. The stock’s 50-day moving average price is $85.57 and its 200-day moving average price is $91.67. Genuine Parts Company has a 12 month low of $80.86 and a 12 month high of $105.18.
Genuine Parts (NYSE:GPC) last issued its quarterly earnings results on Thursday, July 20th. The specialty retailer reported $1.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by $0.02. The firm had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.05 billion. Genuine Parts had a net margin of 4.37% and a return on equity of 21.05%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.28 earnings per share. Equities analysts forecast that Genuine Parts Company will post $4.73 earnings per share for the current fiscal year.
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GPC has been the topic of a number of analyst reports. BidaskClub upgraded Genuine Parts from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $104.00 price target (up from $98.00) on shares of Genuine Parts in a research note on Saturday, April 22nd. Royal Bank Of Canada lifted their price target on Genuine Parts from $94.00 to $96.00 and gave the company a “sector perform” rating in a research note on Thursday, April 20th. Jefferies Group LLC restated a “hold” rating and issued a $95.00 price target on shares of Genuine Parts in a research note on Tuesday, April 18th. Finally, Zacks Investment Research downgraded Genuine Parts from a “hold” rating to a “sell” rating in a research note on Friday, April 21st. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $96.86.
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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