Swedbank AB Has $13.75 Million Stake in Genuine Parts (NYSE:GPC)

Swedbank AB trimmed its holdings in shares of Genuine Parts (NYSE:GPC) by 1.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 117,753 shares of the specialty retailer’s stock after selling 1,531 shares during the period. Swedbank AB’s holdings in Genuine Parts were worth $13,749,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Genuine Parts by 1.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 13,802 shares of the specialty retailer’s stock worth $1,909,000 after acquiring an additional 253 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Genuine Parts during the 2nd quarter worth about $3,437,000. Czech National Bank grew its stake in shares of Genuine Parts by 6.9% in the 3rd quarter. Czech National Bank now owns 28,380 shares of the specialty retailer’s stock valued at $3,964,000 after buying an additional 1,835 shares in the last quarter. SG Americas Securities LLC increased its holdings in Genuine Parts by 557.9% in the third quarter. SG Americas Securities LLC now owns 262,645 shares of the specialty retailer’s stock worth $36,686,000 after buying an additional 222,723 shares during the last quarter. Finally, HBW Advisory Services LLC raised its position in Genuine Parts by 6.5% during the third quarter. HBW Advisory Services LLC now owns 15,631 shares of the specialty retailer’s stock valued at $2,183,000 after acquiring an additional 952 shares in the last quarter. Institutional investors and hedge funds own 78.83% of the company’s stock.

Genuine Parts Stock Down 1.7 %

Shares of GPC stock opened at $116.13 on Friday. Genuine Parts has a 12 month low of $112.74 and a 12 month high of $164.45. The company has a quick ratio of 0.57, a current ratio of 1.17 and a debt-to-equity ratio of 0.81. The firm has a market cap of $16.15 billion, a PE ratio of 14.95 and a beta of 0.95. The stock has a 50 day moving average of $119.71 and a 200-day moving average of $129.27.

Genuine Parts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date was Friday, December 6th. Genuine Parts’s dividend payout ratio (DPR) is presently 51.48%.

Analyst Upgrades and Downgrades

GPC has been the subject of several recent research reports. Loop Capital assumed coverage on shares of Genuine Parts in a research report on Thursday, January 16th. They issued a “buy” rating and a $155.00 target price for the company. StockNews.com downgraded shares of Genuine Parts from a “buy” rating to a “hold” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group decreased their price target on Genuine Parts from $162.00 to $138.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Redburn Atlantic raised Genuine Parts to a “hold” rating in a report on Monday, November 11th. Finally, Evercore ISI upped their target price on Genuine Parts from $155.00 to $160.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 22nd. Eight research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $141.50.

Insiders Place Their Bets

In related news, Director Wendy B. Needham sold 1,608 shares of Genuine Parts stock in a transaction dated 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 of the company’s stock, valued at $1,371,698.46. This trade represents a 12.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.37% of the company’s stock.

Genuine Parts 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.