Genuine Parts (NYSE:GPC) Shares Sold by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. lessened its stake in Genuine Parts (NYSE:GPC) by 8.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 47,597 shares of the specialty retailer’s stock after selling 4,117 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Genuine Parts were worth $5,557,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new stake in shares of Genuine Parts in the third quarter valued at about $26,000. Capital Performance Advisors LLP purchased a new stake in Genuine Parts during the 3rd quarter worth approximately $31,000. Synergy Asset Management LLC acquired a new position in shares of Genuine Parts during the fourth quarter valued at approximately $32,000. Concord Wealth Partners lifted its position in shares of Genuine Parts by 79.3% in the third quarter. Concord Wealth Partners now owns 269 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 119 shares in the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Genuine Parts in the third quarter worth approximately $44,000. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on GPC shares. StockNews.com lowered Genuine Parts from a “buy” rating to a “hold” rating in a report on Wednesday, October 16th. The Goldman Sachs Group decreased their price target on shares of Genuine Parts from $162.00 to $138.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Redburn Atlantic raised shares of Genuine Parts to a “hold” rating in a research note on Monday, November 11th. Wedbush lowered their target price on Genuine Parts from $145.00 to $120.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Finally, Loop Capital assumed coverage on Genuine Parts in a report on Thursday, January 16th. They issued a “buy” rating and a $155.00 price target for the company. Eight analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $141.50.

Insider Transactions at Genuine Parts

In other Genuine Parts news, Director Wendy B. Needham sold 1,608 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $120.78, for a total value of $194,214.24. Following the transaction, the director now owns 11,357 shares of the company’s stock, valued at $1,371,698.46. This represents a 12.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.37% of the company’s stock.

Genuine Parts Stock Down 0.3 %

GPC stock opened at $117.99 on Friday. Genuine Parts has a one year low of $112.74 and a one year high of $164.45. The firm has a market cap of $16.41 billion, a PE ratio of 15.19 and a beta of 0.94. The firm’s 50 day moving average price is $118.88 and its 200-day moving average price is $128.61. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.57 and a current ratio of 1.17.

Genuine Parts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend was Friday, December 6th. Genuine Parts’s dividend payout ratio (DPR) is presently 51.48%.

Genuine Parts 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.