Taylor Cottrill Erickson & Associates Inc. increased its position in shares of Genuine Parts Company (NYSE:GPC) by 10.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 12,560 shares of the specialty retailer’s stock after buying an additional 1,165 shares during the period. Taylor Cottrill Erickson & Associates Inc.’s holdings in Genuine Parts were worth $1,165,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Pinnacle Bank bought a new stake in shares of Genuine Parts during the first quarter worth approximately $115,000. Global X Management Co. LLC boosted its stake in shares of Genuine Parts by 29.3% in the first quarter. Global X Management Co. LLC now owns 1,644 shares of the specialty retailer’s stock worth $152,000 after buying an additional 373 shares during the period. Tompkins Financial Corp boosted its stake in shares of Genuine Parts by 146.7% in the first quarter. Tompkins Financial Corp now owns 1,875 shares of the specialty retailer’s stock worth $186,000 after buying an additional 1,115 shares during the period. Washington Trust Bank boosted its stake in shares of Genuine Parts by 334.3% in the first quarter. Washington Trust Bank now owns 1,963 shares of the specialty retailer’s stock worth $181,000 after buying an additional 1,511 shares during the period. Finally, State of Alaska Department of Revenue bought a new stake in shares of Genuine Parts during the first quarter worth approximately $208,000. Hedge funds and other institutional investors own 73.51% of the company’s stock.
Shares of Genuine Parts Company (NYSE:GPC) opened at 81.60 on Friday. Genuine Parts Company has a 12-month low of $79.86 and a 12-month high of $105.18. The firm has a market cap of $11.98 billion, a PE ratio of 17.67 and a beta of 1.04. The stock’s 50 day moving average price is $84.25 and its 200 day moving average price is $91.13.
Genuine Parts (NYSE:GPC) last posted its quarterly earnings data on Thursday, July 20th. The specialty retailer reported $1.29 earnings per share for the quarter, missing the consensus estimate of $1.31 by $0.02. Genuine Parts had a return on equity of 21.05% and a net margin of 4.37%. The firm had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the previous year, the firm posted $1.28 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, equities research analysts predict that Genuine Parts Company will post $4.73 EPS for the current fiscal year.
A number of equities research analysts have commented on the company. BidaskClub upgraded Genuine Parts from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research cut Genuine Parts from a “hold” rating to a “sell” rating in a report on Friday, April 21st. Gabelli upgraded Genuine Parts from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a report on Friday, July 21st. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $104.00 target price (up previously from $98.00) on shares of Genuine Parts in a report on Saturday, April 22nd. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $96.00 target price on shares of Genuine Parts in a report on Thursday, May 25th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $96.86.
About Genuine Parts
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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