Epoch Investment Partners Inc. Has $452,000 Stock Holdings in Genuine Parts (NYSE:GPC)

Epoch Investment Partners Inc. cut its position in Genuine Parts (NYSE:GPC) by 2.9% during the 1st quarter, HoldingsChannel reports. The firm owned 2,919 shares of the specialty retailer’s stock after selling 86 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Genuine Parts were worth $452,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. WD Rutherford LLC acquired a new stake in Genuine Parts in the first quarter worth $26,000. Assetmark Inc. raised its holdings in Genuine Parts by 109.1% in the fourth quarter. Assetmark Inc. now owns 184 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 96 shares during the period. Union Savings Bank raised its holdings in Genuine Parts by 100.0% in the first quarter. Union Savings Bank now owns 200 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 100 shares during the period. Thompson Investment Management Inc. bought a new stake in shares of Genuine Parts during the first quarter worth $35,000. Finally, Stephens Consulting LLC increased its position in shares of Genuine Parts by 740.7% during the first quarter. Stephens Consulting LLC now owns 227 shares of the specialty retailer’s stock worth $35,000 after acquiring an additional 200 shares in the last quarter. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on GPC shares. Jefferies Financial Group increased their price objective on shares of Genuine Parts from $150.00 to $170.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. StockNews.com raised shares of Genuine Parts from a “hold” rating to a “buy” rating in a research report on Wednesday. UBS Group decreased their target price on shares of Genuine Parts from $165.00 to $150.00 and set a “neutral” rating for the company in a research report on Wednesday, July 3rd. Truist Financial decreased their target price on shares of Genuine Parts from $183.00 to $164.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. Finally, The Goldman Sachs Group decreased their target price on shares of Genuine Parts from $166.00 to $162.00 and set a “neutral” rating for the company in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $161.14.

Insider Buying and Selling at Genuine Parts

In other Genuine Parts news, Director Wendy B. Needham sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $151.29, for a total value of $453,870.00. Following the transaction, the director now directly owns 13,006 shares of the company’s stock, valued at approximately $1,967,677.74. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.37% of the company’s stock.

Genuine Parts Stock Performance

Shares of NYSE GPC traded up $4.00 during mid-day trading on Friday, reaching $141.97. 988,185 shares of the company were exchanged, compared to its average volume of 1,197,496. Genuine Parts has a twelve month low of $126.35 and a twelve month high of $164.45. The company has a quick ratio of 0.59, a current ratio of 1.12 and a debt-to-equity ratio of 0.66. The company’s 50-day simple moving average is $140.29 and its 200-day simple moving average is $146.34. The stock has a market capitalization of $19.78 billion, a P/E ratio of 15.83 and a beta of 0.92.

Genuine Parts (NYSE:GPC) last released its earnings results on Tuesday, July 23rd. The specialty retailer reported $2.44 EPS for the quarter, missing the consensus estimate of $2.59 by ($0.15). Genuine Parts had a net margin of 5.24% and a return on equity of 30.03%. The firm had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.03 billion. During the same period in the prior year, the business earned $2.44 earnings per share. Genuine Parts’s quarterly revenue was up .8% compared to the same quarter last year. As a group, research analysts predict that Genuine Parts will post 9.37 earnings per share for the current year.

Genuine Parts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 7th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend was Friday, June 7th. Genuine Parts’s dividend payout ratio is currently 44.59%.

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.