Drucker Wealth 3.0 LLC Boosts Holdings in Genuine Parts (NYSE:GPC)

Drucker Wealth 3.0 LLC lifted its position in Genuine Parts (NYSE:GPC) by 0.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,757 shares of the specialty retailer’s stock after purchasing an additional 198 shares during the quarter. Drucker Wealth 3.0 LLC’s holdings in Genuine Parts were worth $3,318,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in GPC. Ashton Thomas Securities LLC bought a new position in Genuine Parts in the 3rd quarter worth about $26,000. Capital Performance Advisors LLP purchased a new stake in shares of Genuine Parts in the 3rd quarter valued at $31,000. Concord Wealth Partners boosted its position in Genuine Parts by 79.3% during the third quarter. Concord Wealth Partners now owns 269 shares of the specialty retailer’s stock valued at $38,000 after buying an additional 119 shares during the period. Triad Wealth Partners LLC bought a new position in Genuine Parts during the 2nd quarter worth approximately $40,000. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Genuine Parts in the third quarter worth approximately $44,000. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Analyst Upgrades and Downgrades

GPC has been the topic of several recent analyst reports. The Goldman Sachs Group cut their target price on Genuine Parts from $162.00 to $138.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Wedbush reduced their target price on shares of Genuine Parts from $145.00 to $120.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Redburn Atlantic raised Genuine Parts to a “hold” rating in a research report on Monday, November 11th. StockNews.com lowered shares of Genuine Parts from a “buy” rating to a “hold” rating in a research note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. decreased their price target on Genuine Parts from $162.00 to $135.00 and set an “overweight” rating for the company in a research note on Tuesday, October 22nd. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $139.57.

Genuine Parts Trading Down 1.0 %

Shares of GPC stock opened at $123.42 on Monday. Genuine Parts has a 1 year low of $112.74 and a 1 year high of $164.45. The firm has a fifty day moving average price of $127.03 and a 200-day moving average price of $135.22. The company has a market cap of $17.16 billion, a price-to-earnings ratio of 15.88 and a beta of 0.94. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.17 and a quick ratio of 0.57.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings data on Tuesday, October 22nd. The specialty retailer reported $1.88 EPS for the quarter, missing the consensus estimate of $2.42 by ($0.54). Genuine Parts had a net margin of 4.67% and a return on equity of 27.23%. The firm had revenue of $6 billion for the quarter, compared to the consensus estimate of $5.94 billion. During the same quarter in the previous year, the business earned $2.49 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, equities analysts predict that Genuine Parts will post 8.09 earnings per share for the current year.

Genuine Parts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend is Friday, December 6th. Genuine Parts’s dividend payout ratio (DPR) is presently 51.48%.

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.