Transcend Capital Advisors LLC Purchases 125 Shares of Genuine Parts (NYSE:GPC)

Transcend Capital Advisors LLC boosted its position in Genuine Parts (NYSE:GPC) by 1.4% in the second quarter, Holdings Channel.com reports. The firm owned 9,144 shares of the specialty retailer’s stock after buying an additional 125 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Genuine Parts were worth $1,265,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. WD Rutherford LLC purchased a new stake in shares of Genuine Parts in the first quarter worth $26,000. Assetmark Inc. grew its stake in shares of 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 acquiring an additional 96 shares during the last quarter. Union Savings Bank grew its stake in shares of 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 acquiring an additional 100 shares during the last quarter. Thompson Investment Management Inc. purchased a new stake in shares of Genuine Parts in the first quarter worth $35,000. Finally, Stephens Consulting LLC grew its stake in shares of Genuine Parts by 740.7% in 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 during the last quarter. Institutional investors own 78.83% of the company’s stock.

Genuine Parts Stock Performance

GPC stock traded down $2.84 during trading on Monday, reaching $139.68. The stock had a trading volume of 392,046 shares, compared to its average volume of 1,030,296. Genuine Parts has a 52 week low of $126.35 and a 52 week high of $164.45. The stock’s 50 day moving average is $139.87 and its two-hundred day moving average is $146.61. The company has a current ratio of 1.12, a quick ratio of 0.54 and a debt-to-equity ratio of 0.66. The firm has a market cap of $19.46 billion, a PE ratio of 15.89 and a beta of 0.92.

Genuine Parts (NYSE:GPC) last posted its earnings results on Tuesday, July 23rd. The specialty retailer reported $2.44 earnings per share for the quarter, missing analysts’ consensus estimates 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 company posted $2.44 EPS. The firm’s revenue was up .8% compared to the same quarter last year. As a group, equities analysts anticipate that Genuine Parts will post 9.36 earnings per share for the current year.

Insider Buying and Selling at Genuine Parts

In other news, Director Wendy B. Needham sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $151.29, for a total value of $453,870.00. Following the transaction, the director now owns 13,006 shares of the company’s stock, valued at $1,967,677.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.37% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GPC. UBS Group cut their target price on Genuine Parts from $165.00 to $150.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 3rd. Evercore ISI dropped their price objective on Genuine Parts from $150.00 to $148.00 and set an “in-line” rating on the stock in a research report on Wednesday, July 24th. StockNews.com cut Genuine Parts from a “buy” rating to a “hold” rating in a research report on Friday. The Goldman Sachs Group dropped their price objective on Genuine Parts from $166.00 to $162.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Finally, Jefferies Financial Group increased their price objective on Genuine Parts from $150.00 to $170.00 and gave the company a “hold” rating in a research report on Friday, April 19th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Genuine Parts currently has a consensus rating of “Hold” and a consensus target price of $161.14.

About Genuine Parts

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.