Genuine Parts (NYSE:GPC) Shares Acquired by Buttonwood Financial Advisors Inc.

Buttonwood Financial Advisors Inc. boosted its position in Genuine Parts (NYSE:GPC) by 560.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,928 shares of the specialty retailer’s stock after purchasing an additional 9,273 shares during the period. Buttonwood Financial Advisors Inc.’s holdings in Genuine Parts were worth $1,276,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GPC. Ashton Thomas Securities LLC acquired a new stake in shares of Genuine Parts in the third quarter valued at $26,000. Capital Performance Advisors LLP bought a new position in shares of Genuine Parts during the 3rd quarter valued at about $31,000. Concord Wealth Partners raised its holdings in shares of Genuine Parts by 79.3% in the 3rd quarter. Concord Wealth Partners now owns 269 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 119 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in Genuine Parts during the third quarter valued at approximately $44,000. Finally, Armstrong Advisory Group Inc. boosted its holdings in Genuine Parts by 63.8% during the third quarter. Armstrong Advisory Group Inc. now owns 362 shares of the specialty retailer’s stock worth $51,000 after buying an additional 141 shares in the last quarter. 78.83% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Wendy B. Needham sold 1,608 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $120.78, for a total transaction of $194,214.24. Following the transaction, the director now owns 11,357 shares of the company’s stock, valued at approximately $1,371,698.46. This represents a 12.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.37% of the stock is currently owned by corporate insiders.

Genuine Parts Price Performance

GPC opened at $117.19 on Monday. The stock has a fifty day moving average price of $120.21 and a 200 day moving average price of $129.87. The company has a current ratio of 1.17, a quick ratio of 0.57 and a debt-to-equity ratio of 0.81. Genuine Parts has a 1 year low of $112.74 and a 1 year high of $164.45. The stock has a market cap of $16.29 billion, a price-to-earnings ratio of 15.08 and a beta of 0.95.

Genuine Parts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th were issued a dividend of $1.00 per share. The ex-dividend date was Friday, December 6th. This represents a $4.00 annualized dividend and a dividend yield of 3.41%. Genuine Parts’s dividend payout ratio is 51.48%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. UBS Group cut their price objective on Genuine Parts from $145.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Northcoast Research lowered Genuine Parts from a “buy” rating to a “neutral” rating in a research report on Friday, January 17th. Redburn Atlantic upgraded Genuine Parts to a “hold” rating in a report on Monday, November 11th. The Goldman Sachs Group decreased their target price on shares of Genuine Parts from $162.00 to $138.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Finally, Truist Financial cut their price target on shares of Genuine Parts from $164.00 to $129.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Eight research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Genuine Parts presently has an average rating of “Hold” and a consensus price target of $141.50.

Genuine Parts Company Profile

Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials. It operates in two segments: Automotive Parts Group and Industrial Parts Group segments. The company distributes automotive replacement parts for hybrid and electric vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, marine equipment, and heavy duty equipment; and equipment and parts used by repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, and individuals.