Charles Schwab Investment Management Inc. Has $337.43 Million Stock Holdings in Genuine Parts (NYSE:GPC)

Charles Schwab Investment Management Inc. grew its position in Genuine Parts (NYSE:GPC) by 5.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,889,930 shares of the specialty retailer’s stock after purchasing an additional 145,960 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Genuine Parts were worth $337,428,000 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 third quarter valued at about $26,000. Capital Performance Advisors LLP bought a new position in shares of Genuine Parts in the 3rd quarter valued at about $31,000. Kestra Investment Management LLC bought a new position in shares of Genuine Parts in the 4th quarter valued at about $28,000. First Command Advisory Services Inc. acquired a new stake in shares of Genuine Parts during the 4th quarter worth approximately $28,000. Finally, Compass Planning Associates Inc bought a new stake in shares of Genuine Parts during the fourth quarter worth approximately $29,000. Institutional investors own 78.83% of the company’s stock.

Insiders Place Their Bets

In other news, Director Wendy B. Needham sold 1,608 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $120.78, for a total value of $194,214.24. Following the sale, the director now directly owns 11,357 shares in the company, valued at $1,371,698.46. The trade was a 12.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on GPC shares. Redburn Atlantic raised shares of Genuine Parts to a “hold” rating in a research note on Monday, November 11th. Loop Capital initiated coverage on Genuine Parts in a research report on Thursday, January 16th. They issued a “buy” rating and a $155.00 price target on the stock. Evercore ISI dropped their price objective on Genuine Parts from $128.00 to $125.00 and set an “in-line” rating for the company in a report on Wednesday, February 19th. Truist Financial raised their target price on Genuine Parts from $129.00 to $133.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Finally, Northcoast Research lowered Genuine Parts from a “buy” rating to a “neutral” rating in a research report on Friday, January 17th. Eight research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $137.63.

Genuine Parts Trading Up 0.7 %

NYSE GPC opened at $123.77 on Thursday. Genuine Parts has a one year low of $112.74 and a one year high of $164.45. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.16 and a quick ratio of 0.57. The firm has a market cap of $17.18 billion, a P/E ratio of 19.13 and a beta of 0.94. The stock’s 50-day moving average is $119.21 and its 200-day moving average is $126.29.

Genuine Parts (NYSE:GPC) last announced its earnings results on Tuesday, February 18th. The specialty retailer reported $1.61 EPS for the quarter, topping the consensus estimate of $1.54 by $0.07. The firm had revenue of $5.77 billion for the quarter, compared to the consensus estimate of $5.71 billion. Genuine Parts had a net margin of 3.85% and a return on equity of 25.28%. During the same period last year, the company posted $2.26 EPS. Sell-side analysts anticipate that Genuine Parts will post 7.9 earnings per share for the current fiscal year.

Genuine Parts Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Genuine Parts’s previous quarterly dividend of $1.00. This represents a $4.12 dividend on an annualized basis and a yield of 3.33%. Genuine Parts’s dividend payout ratio is presently 63.68%.

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.