BB&T Securities LLC boosted its position in Genuine Parts Company (NYSE:GPC) by 18.9% during the first quarter, Holdings Channel reports. The fund owned 75,546 shares of the specialty retailer’s stock after buying an additional 11,989 shares during the period. BB&T Securities LLC owned approximately 0.05% of Genuine Parts Company worth $6,980,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in GPC. Covington Investment Advisors Inc. raised its position in Genuine Parts Company by 1.9% in the first quarter. Covington Investment Advisors Inc. now owns 39,515 shares of the specialty retailer’s stock valued at $3,652,000 after buying an additional 730 shares during the last quarter. Motley Fool Wealth Management LLC boosted its position in Genuine Parts Company by 29.6% in the first quarter. Motley Fool Wealth Management LLC now owns 4,158 shares of the specialty retailer’s stock valued at $384,000 after buying an additional 949 shares during the period. Boston Private Wealth LLC boosted its position in Genuine Parts Company by 2.1% in the first quarter. Boston Private Wealth LLC now owns 19,506 shares of the specialty retailer’s stock valued at $1,803,000 after buying an additional 400 shares during the period. Hyman Charles D boosted its position in Genuine Parts Company by 1.4% in the first quarter. Hyman Charles D now owns 10,553 shares of the specialty retailer’s stock valued at $975,000 after buying an additional 150 shares during the period. Finally, Oarsman Capital Inc. boosted its position in Genuine Parts Company by 10.3% in the first quarter. Oarsman Capital Inc. now owns 6,647 shares of the specialty retailer’s stock valued at $614,000 after buying an additional 622 shares during the period. Hedge funds and other institutional investors own 73.92% of the company’s stock.

Institutional Ownership by Quarter for Genuine Parts Company (NYSE:GPC)

Genuine Parts Company (GPC) traded up 0.81% during midday trading on Friday, reaching $95.61. The company had a trading volume of 1,354,037 shares. Genuine Parts Company has a one year low of $86.61 and a one year high of $105.97. The company has a 50-day moving average price of $92.44 and a 200-day moving average price of $94.80. The stock has a market capitalization of $14.09 billion, a price-to-earnings ratio of 20.69 and a beta of 1.02.

Genuine Parts Company (NYSE:GPC) last posted its earnings results on Wednesday, April 19th. The specialty retailer reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.03. Genuine Parts Company had a return on equity of 21.17% and a net margin of 4.44%. The firm had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter in the prior year, the business earned $1.05 EPS. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, equities analysts expect that Genuine Parts Company will post $4.81 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Shareholders of record on Friday, June 9th will be issued a dividend of $0.675 per share. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 2.82%. Genuine Parts Company’s dividend payout ratio (DPR) is 58.44%.

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GPC has been the topic of several research reports. Zacks Investment Research cut Genuine Parts Company from a “hold” rating to a “sell” rating in a research note on Friday, April 21st. Royal Bank Of Canada reissued a “hold” rating and set a $96.00 target price on shares of Genuine Parts Company in a report on Thursday, May 25th. Jefferies Group LLC reissued a “hold” rating and set a $95.00 target price on shares of Genuine Parts Company in a report on Tuesday, April 18th. BidaskClub raised Genuine Parts Company from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $104.00 target price (up from $98.00) on shares of Genuine Parts Company in a report on Saturday, April 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. Genuine Parts Company currently has an average rating of “Hold” and a consensus target price of $102.33.

Genuine Parts Company Company Profile

Genuine Parts Company is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. The Company’s segments include Automotive, Industrial, Office Products Group, Electrical/Electronic Materials and Other.

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