The Henderson Group PLC Buys 400 Shares of Genuine Parts Company (GPC)

The Henderson Group PLC Buys 400 Shares of Genuine Parts Company (GPC)

Several other large investors have also made changes to their positions in the stock. State Street Corp boosted its stake in shares of Genuine Parts Company by 5.0% in the fourth quarter. State Street Corp now owns 8,539,360 shares of the specialty retailer’s stock valued at $815,858,000 after buying an additional 410,162 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Genuine Parts Company by 5.4% in the third quarter. Wells Fargo & Company MN now owns 1,770,615 shares of the specialty retailer’s stock valued at $177,858,000 after buying an additional 90,860 shares during the last quarter. Norges Bank purchased a new stake in shares of Genuine Parts Company during the fourth quarter valued at $159,718,000. Thomaspartners Inc. boosted its stake in shares of Genuine Parts Company by 5.1% in the third quarter. Thomaspartners Inc. now owns 1,519,420 shares of the specialty retailer’s stock valued at $152,626,000 after buying an additional 73,932 shares during the last quarter. Finally, Janus Capital Management LLC boosted its stake in shares of Genuine Parts Company by 6.1% in the fourth quarter. Janus Capital Management LLC now owns 1,077,688 shares of the specialty retailer’s stock valued at $102,962,000 after buying an additional 62,261 shares during the last quarter. 71.75% of the stock is owned by institutional investors.

Henderson Group PLC raised its position in shares of Genuine Parts Company (NYSE:GPC) by 2.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,020 shares of the specialty retailer’s stock after buying an additional 400 shares during the period. Henderson Group PLC’s holdings in Genuine Parts Company were worth $1,850,000 as of its most recent filing with the SEC.

Genuine Parts Company (NYSE GPC) opened at 94.28 on Monday. The company has a market capitalization of $13.90 billion, a price-to-earnings ratio of 20.40 and a beta of 0.93. Genuine Parts Company has a 52 week low of $86.61 and a 52 week high of $105.97. The company has a 50 day moving average of $92.21 and a 200 day moving average of $95.01.

Genuine Parts Company (NYSE:GPC) last announced its quarterly earnings data on Wednesday, April 19th. The specialty retailer reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.03. The business had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.85 billion. Genuine Parts Company had a return on equity of 21.43% and a net margin of 4.57%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.05 EPS. On average, equities analysts forecast that Genuine Parts Company will post $4.81 EPS for the current fiscal year. The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Friday, June 9th will be paid a $0.675 dividend. This represents a $2.70 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Wednesday, June 7th. Genuine Parts Company’s payout ratio is presently 56.68%.

Genuine Parts Company (NYSE:GPC) last announced its quarterly earnings data on Wednesday, April 19th. The specialty retailer reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.03. The business had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.85 billion. Genuine Parts Company had a return on equity of 21.43% and a net margin of 4.57%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.05 EPS. On average, equities analysts forecast that Genuine Parts Company will post $4.81 EPS for the current fiscal year. Several equities research analysts have weighed in on GPC shares. Zacks Investment Research raised shares of Genuine Parts Company from a “sell” rating to a “hold” rating in a research report on Tuesday, April 11th. Jefferies Group LLC restated a “hold” rating and issued a $95.00 price objective on shares of Genuine Parts Company in a report on Tuesday, April 18th. Goldman Sachs Group Inc restated a “neutral” rating and issued a $104.00 price objective (up from $98.00) on shares of Genuine Parts Company in a report on Saturday, April 22nd. Finally, Royal Bank of Canada upped their price objective on shares of Genuine Parts Company from $94.00 to $96.00 and gave the stock a “sector perform” rating in a report on Thursday, April 20th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $102.33.

About Genuine Parts Company 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “GPC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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