Valeo Financial Advisors LLC Sells 500 Shares of Genuine Parts (NYSE:GPC)

Valeo Financial Advisors LLC reduced its position in Genuine Parts (NYSE:GPC) by 45.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 600 shares of the specialty retailer’s stock after selling 500 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Genuine Parts were worth $60,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in GPC. NEXT Financial Group Inc bought a new position in shares of Genuine Parts in the second quarter valued at approximately $26,000. Marshall Wace North America L.P. bought a new position in shares of Genuine Parts in the first quarter valued at approximately $44,000. CSat Investment Advisory L.P. boosted its position in shares of Genuine Parts by 173.9% in the second quarter. CSat Investment Advisory L.P. now owns 482 shares of the specialty retailer’s stock valued at $50,000 after acquiring an additional 306 shares during the period. Pflug Koory LLC bought a new position in shares of Genuine Parts in the second quarter valued at approximately $52,000. Finally, Coastal Capital Group Inc. bought a new position in shares of Genuine Parts in the second quarter valued at approximately $82,000. Institutional investors own 77.50% of the company’s stock.

A number of equities analysts have recently commented on the stock. Royal Bank of Canada set a $99.00 price objective on shares of Genuine Parts and gave the company a “hold” rating in a research report on Friday, October 18th. Goldman Sachs Group lowered shares of Genuine Parts from a “neutral” rating to a “sell” rating and cut their price objective for the company from $101.00 to $93.00 in a research report on Friday, October 25th. Bank of America raised their price objective on shares of Genuine Parts from $100.00 to $105.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. JPMorgan Chase & Co. dropped their target price on shares of Genuine Parts from $114.00 to $104.00 and set a “neutral” rating for the company in a research report on Monday, July 15th. Finally, Jefferies Financial Group set a $102.00 target price on shares of Genuine Parts and gave the company a “hold” rating in a research report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. Genuine Parts has a consensus rating of “Hold” and an average target price of $103.75.

Genuine Parts stock traded down $0.27 during mid-day trading on Friday, hitting $106.15. 534,603 shares of the company traded hands, compared to its average volume of 818,828. Genuine Parts has a one year low of $87.26 and a one year high of $115.20. The stock has a market cap of $15.58 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 3.56 and a beta of 0.93. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.68 and a current ratio of 1.26. The stock has a fifty day moving average price of $99.92 and a 200-day moving average price of $98.64.

Genuine Parts (NYSE:GPC) last announced its earnings results on Thursday, October 17th. The specialty retailer reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.03. Genuine Parts had a net margin of 4.14% and a return on equity of 23.20%. The business had revenue of $5.02 billion during the quarter, compared to analyst estimates of $5.03 billion. During the same period in the previous year, the business posted $1.48 earnings per share. Genuine Parts’s revenue for the quarter was up 6.2% on a year-over-year basis. Sell-side analysts predict that Genuine Parts will post 5.66 EPS for the current year.

In other news, insider Randall P. Breaux sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $107.22, for a total value of $107,220.00. Following the completion of the sale, the insider now directly owns 2,188 shares in the company, valued at approximately $234,597.36. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 4.50% of the company’s stock.

Genuine Parts Profile

Genuine Parts Company distributes automotive replacement, industrial parts and materials, and business products in North America, Australia, New Zealand, the United Kingdom, France, Germany, Poland, and Puerto Rico. The company distributes automotive replacement parts for imported vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, and heavy duty equipment; and accessory items for automotive aftermarket, such as repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, industrial concerns, and individuals.

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Institutional Ownership by Quarter for Genuine Parts (NYSE:GPC)

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