ICW Investment Advisors LLC Acquires 149 Shares of Genuine Parts (NYSE:GPC)

ICW Investment Advisors LLC boosted its position in shares of Genuine Parts (NYSE:GPC) by 1.7% in the 4th quarter, HoldingsChannel reports. The firm owned 8,839 shares of the specialty retailer’s stock after buying an additional 149 shares during the period. ICW Investment Advisors LLC’s holdings in Genuine Parts were worth $1,032,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Millstone Evans Group LLC bought a new position in Genuine Parts during the 4th quarter valued at about $25,000. Kestra Investment Management LLC acquired a new stake in Genuine Parts in the 4th quarter valued at about $28,000. First Command Advisory Services Inc. acquired a new stake in Genuine Parts in the 4th quarter valued at about $28,000. Compass Planning Associates Inc acquired a new stake in Genuine Parts in the 4th quarter valued at about $29,000. Finally, Synergy Asset Management LLC acquired a new stake in Genuine Parts in the 4th quarter valued at about $32,000. 78.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on GPC shares. Truist Financial lifted their price target on shares of Genuine Parts from $129.00 to $133.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Evercore ISI lowered their price target on shares of Genuine Parts from $128.00 to $125.00 and set an “in-line” rating for the company in a research report on Wednesday, February 19th. Northcoast Research cut shares of Genuine Parts from a “buy” rating to a “neutral” rating in a research report on Friday, January 17th. Finally, Loop Capital started coverage on shares of Genuine Parts in a research report on Thursday, January 16th. They set a “buy” rating and a $155.00 price target for the company. Eight analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $137.63.

Genuine Parts Stock Down 1.5 %

Shares of NYSE GPC opened at $118.93 on Monday. The stock has a market cap of $16.50 billion, a P/E ratio of 18.38 and a beta of 0.93. The firm has a 50 day moving average price of $120.99 and a 200 day moving average price of $124.58. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.57 and a current ratio of 1.16. Genuine Parts has a 52-week low of $112.74 and a 52-week high of $164.45.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings data on Tuesday, February 18th. The specialty retailer reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.07. The firm had revenue of $5.77 billion during the quarter, compared to analysts’ expectations of $5.71 billion. Genuine Parts had a net margin of 3.85% and a return on equity of 25.28%. During the same quarter in the previous year, the company earned $2.26 earnings per share. Analysts expect that Genuine Parts will post 7.9 EPS for the current year.

Genuine Parts Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from Genuine Parts’s previous quarterly dividend of $1.00. Genuine Parts’s dividend payout ratio is 63.68%.

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.