Advisors Management Group Inc. ADV Sells 200 Shares of Genuine Parts (NYSE:GPC)

Advisors Management Group Inc. ADV trimmed its holdings in Genuine Parts (NYSE:GPC) by 0.8% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 25,387 shares of the specialty retailer’s stock after selling 200 shares during the quarter. Advisors Management Group Inc. ADV’s holdings in Genuine Parts were worth $2,630,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. NEXT Financial Group Inc purchased a new position in Genuine Parts in the 2nd quarter worth approximately $26,000. Cutler Group LP raised its holdings in shares of Genuine Parts by 967.7% during the 1st quarter. Cutler Group LP now owns 269 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 300 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Genuine Parts during the 1st quarter worth approximately $44,000. Manchester Capital Management LLC purchased a new stake in shares of Genuine Parts during the 1st quarter worth approximately $52,000. Finally, Pflug Koory LLC purchased a new stake in shares of Genuine Parts during the 2nd quarter worth approximately $52,000. Institutional investors and hedge funds own 76.89% of the company’s stock.

GPC has been the topic of several analyst reports. Royal Bank of Canada set a $101.00 target price on Genuine Parts and gave the company a “hold” rating in a research report on Friday, July 19th. Raymond James assumed coverage on Genuine Parts in a research report on Monday, October 7th. They set a “market perform” rating on the stock. Bank of America upped their price objective on Genuine Parts from $100.00 to $105.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. JPMorgan Chase & Co. dropped their price target on Genuine Parts from $114.00 to $104.00 and set a “neutral” rating on the stock in a research report on Monday, July 15th. Finally, Goldman Sachs Group initiated coverage on Genuine Parts in a research note on Thursday, July 11th. They set a “neutral” rating and a $107.00 price objective for the company. Ten equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $105.75.

Shares of Genuine Parts stock traded up $2.36 on Friday, hitting $96.88. The stock had a trading volume of 548,557 shares, compared to its average volume of 682,291. The company’s 50 day moving average price is $94.62 and its 200 day moving average price is $99.91. The company has a current ratio of 1.26, a quick ratio of 0.68 and a debt-to-equity ratio of 0.98. The stock has a market cap of $13.62 billion, a price-to-earnings ratio of 17.06, a P/E/G ratio of 3.02 and a beta of 0.95. Genuine Parts has a 52-week low of $87.26 and a 52-week high of $115.20.

Genuine Parts (NYSE:GPC) last released its earnings results on Thursday, July 18th. The specialty retailer reported $1.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.65 by ($0.08). Genuine Parts had a return on equity of 23.16% and a net margin of 4.17%. The business had revenue of $4.93 billion for the quarter, compared to analyst estimates of $5 billion. During the same quarter in the previous year, the firm posted $1.59 EPS. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. Analysts predict that Genuine Parts will post 5.7 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were issued a $0.7625 dividend. This represents a $3.05 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend was Thursday, September 5th. Genuine Parts’s dividend payout ratio is currently 53.70%.

Genuine Parts Company Profile

Genuine Parts Company distributes automotive replacement, industrial parts and materials, and business products in North America, Australia, New Zealand, the United Kingdom, France, Germany, Poland, and Puerto Rico. 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; and accessory items for automotive aftermarket, such as repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, industrial concerns, and individuals.

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

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