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Genuine Parts Company (NYSE:GPC) Releases FY17 Earnings Guidance

21 Juillet 2017

The institutional investor owned 5,500 shares of the specialty retailer's stock at the end of the second quarter. American National Registered Investment Advisor Inc.'s holdings in Genuine Parts were worth $510,000 as of its most recent filing with the SEC.

Large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in shares of Genuine Parts by 7.7% in the fourth quarter. WINTON GROUP Ltd increased its position in Genuine Parts by 116.7% in the first quarter. Weaver C. Barksdale & Associates Inc. increased its position in Genuine Parts by 56.4% in the first quarter. Washington Trust Bank now owns 1,963 shares of the specialty retailer's stock valued at $181,000 after buying an additional 1,511 shares during the last quarter. Chevy Chase Trust Holdings Inc. increased its position in Genuine Parts by 2.6% in the first quarter. The specialty retailer reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.03. Haverford Financial Services Inc. now owns 3,281 shares of the specialty retailer's stock worth $303,000 after buying an additional 20 shares during the period.

Shares of Genuine Parts Company (NYSE GPC) opened at 82.96 on Thursday. Van ECK Associates Corp now owns 2,119 shares of the specialty retailer's stock worth $202,000 after buying an additional 112 shares in the last quarter. The firm has a market capitalization of $13.37 billion, a price-to-earnings ratio of 19.64 and a beta of 1.02. The stock has a 50 day moving average of $89.76 and a 200 day moving average of $93.19. Genuine Parts has a one year low of $80.86 and a one year high of $105.18.

TX continued to hold its stake in shares of Genuine Parts Company (NYSE:GPC) during the second quarter, according to its most recent disclosure with the SEC. In the latest earnings report the EPS was $4.62 and is expected to be $4.79 for the current year with 147,394,000 shares now outstanding. The company issued revenue guidance of $15.8-15.96 billion, compared to the consensus revenue estimate of $15.90 billion. Genuine Parts had a net margin of 4.44% and a return on equity of 21.17%. The company's revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.05 earnings per share. During the same quarter in the previous year, the company posted $1.05 earnings per share.

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The company also recently disclosed a quarterly dividend, which was paid on Monday, July 3rd. Investors of record on Friday, June 9th will be paid a $0.675 dividend. This represents a $2.70 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend is Wednesday, June 7th. Genuine Parts Company's dividend payout ratio is now 58.44%.

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Other research analysts also recently issued reports about the company. Zacks' earnings per share calculations are an average based on a survey of research firms that follow Genuine Parts Company. BidaskClub raised shares of Genuine Parts from a "sell" rating to a "hold" rating in a research report on Wednesday, June 14th. Zacks Investment Research cut shares of Genuine Parts from a "hold" rating to a "sell" rating in a research note on Friday, April 21st. Royal Bank Of Canada reissued a "hold" rating and issued a $96.00 price objective on shares of Genuine Parts in a research report on Thursday, May 25th. Finally, Jefferies Group LLC reaffirmed a hold rating and issued a $95.00 price objective on shares of Genuine Parts in a research note on Tuesday, April 18th. (The) downgraded shares of Genuine Parts from a "neutral" rating to a "sell" rating and dropped their target price for the stock from $104.00 to $89.00 in a report on Thursday, July 6th. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The stock now has a consensus rating of "Hold" and a consensus target price of $97.86.

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.

Genuine Parts Company (NYSE:GPC) Releases FY17 Earnings Guidance