Jane Street Group LLC Boosts Holdings in Genuine Parts (GPC)

Jane Street Group LLC raised its stake in Genuine Parts (NYSE:GPC) by 88.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 83,436 shares of the specialty retailer’s stock after buying an additional 39,136 shares during the period. Jane Street Group LLC owned approximately 0.06% of Genuine Parts worth $7,496,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the business. Monroe Bank & Trust MI raised its stake in Genuine Parts by 5.4% during the 4th quarter. Monroe Bank & Trust MI now owns 10,908 shares of the specialty retailer’s stock valued at $1,042,000 after purchasing an additional 558 shares during the period. Montag A & Associates Inc. raised its stake in Genuine Parts by 1.2% during the 1st quarter. Montag A & Associates Inc. now owns 46,963 shares of the specialty retailer’s stock valued at $4,219,000 after purchasing an additional 560 shares during the period. Mission Wealth Management LP raised its stake in Genuine Parts by 29.2% during the 4th quarter. Mission Wealth Management LP now owns 2,768 shares of the specialty retailer’s stock valued at $263,000 after purchasing an additional 625 shares during the period. South State Corp raised its stake in Genuine Parts by 4.6% during the 1st quarter. South State Corp now owns 14,323 shares of the specialty retailer’s stock valued at $1,286,000 after purchasing an additional 632 shares during the period. Finally, IFP Advisors Inc raised its stake in Genuine Parts by 12.6% during the 1st quarter. IFP Advisors Inc now owns 6,041 shares of the specialty retailer’s stock valued at $543,000 after purchasing an additional 677 shares during the period. 73.98% of the stock is currently owned by institutional investors.

Shares of NYSE:GPC opened at $94.36 on Thursday. The firm has a market capitalization of $13.99 billion, a P/E ratio of 20.34, a price-to-earnings-growth ratio of 2.54 and a beta of 1.17. Genuine Parts has a 1 year low of $79.86 and a 1 year high of $107.75. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.32 and a quick ratio of 0.66.



Genuine Parts (NYSE:GPC) last released its quarterly earnings results on Thursday, April 19th. The specialty retailer reported $1.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.32 by ($0.05). Genuine Parts had a net margin of 3.73% and a return on equity of 20.76%. The firm had revenue of $4.59 billion for the quarter, compared to the consensus estimate of $4.48 billion. During the same quarter last year, the company earned $1.08 earnings per share. The firm’s revenue was up 17.4% on a year-over-year basis. equities analysts anticipate that Genuine Parts will post 5.64 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 2nd. Shareholders of record on Friday, June 8th will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date is Thursday, June 7th. Genuine Parts’s dividend payout ratio (DPR) is 62.07%.

A number of equities analysts have recently weighed in on GPC shares. Royal Bank of Canada dropped their price target on shares of Genuine Parts to $100.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 21st. Bank of America raised shares of Genuine Parts from an “underperform” rating to a “neutral” rating and set a $96.00 price target on the stock in a research note on Friday, April 13th. Zacks Investment Research downgraded shares of Genuine Parts from a “hold” rating to a “sell” rating in a research note on Wednesday, April 25th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $107.00 price objective (down from $114.00) on shares of Genuine Parts in a report on Wednesday, February 21st. Finally, Guggenheim assumed coverage on shares of Genuine Parts in a report on Tuesday, April 17th. They issued a “neutral” rating for the company. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $99.14.

Genuine Parts Profile

Genuine Parts Company distributes automotive replacement and industrial parts, electrical and electronic materials, and business products in the United States, Canada, Mexico, Australasia, France, the United Kingdom, Germany, and Poland. The company distributes automotive replacement parts for imported vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, and heavy duty equipment through 57 NAPA automotive parts distribution centers and 1,100 NAPA AUTO PARTS stores.

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Institutional Ownership by Quarter for Genuine Parts (NYSE:GPC)

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