UMB Bank N A MO lowered its position in shares of Genuine Parts Company (NYSE:GPC) by 1.6% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 5,937 shares of the specialty retailer’s stock after selling 95 shares during the period. UMB Bank N A MO’s holdings in Genuine Parts were worth $550,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the stock. TLP Group LLC purchased a new position in shares of Genuine Parts during the first quarter worth approximately $379,000. Hartford Financial Management Inc. raised its position in shares of 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 last quarter. Hutner Capital Management Inc. raised its position in shares of 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 last quarter. Vanguard Group Inc. raised its position in shares of 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 last quarter. Finally, Bank of America Corp DE raised its position in shares of Genuine Parts by 3.4% in the first quarter. Bank of America Corp DE now owns 1,488,378 shares of the specialty retailer’s stock worth $137,541,000 after buying an additional 48,329 shares during the last quarter. 73.28% of the stock is owned by hedge funds and other institutional investors.
Genuine Parts Company (NYSE GPC) opened at 82.81 on Friday. The company has a market capitalization of $12.16 billion, a price-to-earnings ratio of 17.93 and a beta of 1.04. The stock has a 50 day moving average price of $85.57 and a 200 day moving average price of $91.67. Genuine Parts Company has a 52-week low of $80.86 and a 52-week high of $105.18.
Genuine Parts (NYSE:GPC) last posted its quarterly earnings data on Thursday, July 20th. The specialty retailer reported $1.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.31 by $0.02. The company had revenue of $4.10 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.28 earnings per share. Analysts anticipate that Genuine Parts Company will post $4.73 EPS for the current fiscal year.
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GPC has been the topic of a number of recent research reports. Goldman Sachs Group, Inc. (The) lowered Genuine Parts from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $104.00 to $89.00 in a research report on Thursday, July 6th. BidaskClub lowered Genuine Parts from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. Zacks Investment Research lowered Genuine Parts from a “hold” rating to a “strong sell” rating in a research report on Monday, July 24th. Wedbush reiterated a “neutral” rating on shares of Genuine Parts in a research report on Thursday, July 6th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $96.00 price objective on shares of Genuine Parts in a research report on Thursday, May 25th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Genuine Parts currently has an average rating of “Hold” and a consensus target price of $96.86.
About Genuine Parts
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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