Haverford Trust Co Sells 267,068 Shares of Genuine Parts (NYSE:GPC)

Haverford Trust Co cut its holdings in Genuine Parts (NYSE:GPCGet Rating) by 62.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 161,904 shares of the specialty retailer’s stock after selling 267,068 shares during the period. Haverford Trust Co’s holdings in Genuine Parts were worth $20,403,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of GPC. JNBA Financial Advisors boosted its holdings in Genuine Parts by 103.8% in the 4th quarter. JNBA Financial Advisors now owns 214 shares of the specialty retailer’s stock worth $30,000 after buying an additional 109 shares during the period. FSB Premier Wealth Management Inc. bought a new position in Genuine Parts in the 4th quarter valued at $31,000. Missouri Trust & Investment Co bought a new position in Genuine Parts in the 4th quarter valued at $32,000. Capital Analysts LLC boosted its holdings in Genuine Parts by 82.4% in the 4th quarter. Capital Analysts LLC now owns 239 shares of the specialty retailer’s stock valued at $34,000 after purchasing an additional 108 shares during the period. Finally, Barnett & Company Inc. boosted its holdings in Genuine Parts by 40.0% in the 4th quarter. Barnett & Company Inc. now owns 280 shares of the specialty retailer’s stock valued at $39,000 after purchasing an additional 80 shares during the period. 76.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Wedbush raised their price objective on shares of Genuine Parts from $140.00 to $150.00 in a research report on Thursday. Evercore ISI decreased their target price on shares of Genuine Parts to $135.00 in a research report on Thursday, June 9th. Bank of America upgraded shares of Genuine Parts from an “underperform” rating to a “neutral” rating and set a $133.00 target price on the stock in a research report on Tuesday, May 10th. They noted that the move was a valuation call. Finally, StockNews.com initiated coverage on shares of Genuine Parts in a research report on Thursday, March 31st. They issued a “strong-buy” rating on the stock. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $140.20.

Genuine Parts Trading Up 1.4 %

Shares of GPC stock traded up $2.01 during mid-day trading on Thursday, reaching $148.38. The stock had a trading volume of 14,464 shares, compared to its average volume of 758,926. The stock’s 50-day moving average price is $136.06 and its two-hundred day moving average price is $132.02. Genuine Parts has a 52-week low of $115.63 and a 52-week high of $146.45. The firm has a market capitalization of $21.01 billion, a PE ratio of 22.89, a price-to-earnings-growth ratio of 3.31 and a beta of 0.95. The company has a current ratio of 1.16, a quick ratio of 0.58 and a debt-to-equity ratio of 0.94.

Genuine Parts (NYSE:GPCGet Rating) last announced its earnings results on Wednesday, July 27th. The specialty retailer reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.17. The firm had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.30 billion. Genuine Parts had a net margin of 4.71% and a return on equity of 30.84%. The company’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.74 EPS. Equities analysts expect that Genuine Parts will post 7.84 earnings per share for the current fiscal year.

Genuine Parts Company Profile

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Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials. It operates through 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 accessory and supply items used by various automotive aftermarket customers, 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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