City Holding Co. Sells 100 Shares of Genuine Parts (NYSE:GPC)

City Holding Co. lessened its holdings in shares of Genuine Parts (NYSE:GPC) by 2.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,464 shares of the specialty retailer’s stock after selling 100 shares during the quarter. City Holding Co.’s holdings in Genuine Parts were worth $404,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of GPC. Renaissance Technologies LLC bought a new position in Genuine Parts in the 2nd quarter valued at about $10,900,000. Vanguard Personalized Indexing Management LLC raised its stake in shares of Genuine Parts by 4.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,498 shares of the specialty retailer’s stock worth $1,311,000 after purchasing an additional 439 shares during the last quarter. Blair William & Co. IL lifted its holdings in shares of Genuine Parts by 8.0% in the second quarter. Blair William & Co. IL now owns 10,624 shares of the specialty retailer’s stock valued at $1,470,000 after purchasing an additional 785 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in Genuine Parts by 8.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 8,551 shares of the specialty retailer’s stock worth $1,183,000 after buying an additional 656 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in Genuine Parts by 45.2% during the second quarter. Canada Pension Plan Investment Board now owns 22,207 shares of the specialty retailer’s stock worth $3,072,000 after buying an additional 6,911 shares in the last quarter. Institutional investors and hedge funds own 78.83% of the company’s stock.

Genuine Parts Stock Performance

NYSE:GPC opened at $118.43 on Tuesday. The company has a market capitalization of $16.47 billion, a P/E ratio of 15.24 and a beta of 0.95. The business has a fifty day simple moving average of $120.61 and a two-hundred day simple moving average of $130.26. 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 has a 1 year low of $112.74 and a 1 year high of $164.45.

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

Genuine Parts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 3.38%. The ex-dividend date was Friday, December 6th. Genuine Parts’s dividend payout ratio (DPR) is currently 51.48%.

Analysts Set New Price Targets

A number of research firms have issued reports on GPC. The Goldman Sachs Group cut their price objective on shares of Genuine Parts from $162.00 to $138.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. JPMorgan Chase & Co. reduced their price objective on shares of Genuine Parts from $162.00 to $135.00 and set an “overweight” rating for the company in a research report on Tuesday, October 22nd. Northcoast Research lowered shares of Genuine Parts from a “buy” rating to a “neutral” rating in a research note on Friday. StockNews.com downgraded Genuine Parts from a “buy” rating to a “hold” rating in a research note on Wednesday, October 16th. Finally, UBS Group decreased their price target on Genuine Parts from $145.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Eight analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $141.50.

Insider Activity at Genuine Parts

In related news, Director Wendy B. Needham sold 1,608 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $120.78, for a total transaction of $194,214.24. Following the sale, the director now directly owns 11,357 shares in the company, valued at approximately $1,371,698.46. The trade was a 12.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.37% of the stock is currently owned by corporate insiders.

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.