Shelton Capital Management Has $3.65 Million Position in Genuine Parts Company (GPC)

Shelton Capital Management raised its position in Genuine Parts Company (NYSE:GPC) by 67.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,472 shares of the specialty retailer’s stock after buying an additional 15,901 shares during the period. Shelton Capital Management’s holdings in Genuine Parts were worth $3,648,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of GPC. TLP Group LLC bought a new position in Genuine Parts during the first quarter worth about $379,000. Union Bankshares Corp boosted its position in Genuine Parts by 1.6% in the first quarter. Union Bankshares Corp now owns 38,733 shares of the specialty retailer’s stock worth $3,579,000 after buying an additional 623 shares during the period. Integrated Wealth Management boosted its position in Genuine Parts by 2.0% in the first quarter. Integrated Wealth Management now owns 2,618 shares of the specialty retailer’s stock worth $242,000 after buying an additional 52 shares during the period. Hartford Financial Management Inc. boosted its position in Genuine Parts by 0.9% in the first quarter. Hartford Financial Management Inc. now owns 17,166 shares of the specialty retailer’s stock worth $1,586,000 after buying an additional 150 shares during the period. Finally, Vanguard Group Inc. boosted its position in Genuine Parts by 4.7% in the first quarter. Vanguard Group Inc. now owns 15,429,332 shares of the specialty retailer’s stock worth $1,425,824,000 after buying an additional 690,398 shares during the period. Hedge funds and other institutional investors own 73.20% of the company’s stock.

Shares of Genuine Parts Company (NYSE:GPC) traded down 1.01% during midday trading on Friday, hitting $83.93. 971,327 shares of the stock traded hands. The firm has a market capitalization of $12.32 billion, a PE ratio of 18.17 and a beta of 1.07. The company’s 50-day moving average is $88.11 and its 200 day moving average is $92.65. Genuine Parts Company has a 52 week low of $80.86 and a 52 week high of $105.18.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings results on Thursday, July 20th. The specialty retailer reported $1.29 EPS for the quarter, missing the consensus estimate of $1.31 by $0.02. The company had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Genuine Parts had a return on equity of 21.05% and a net margin of 4.37%. Genuine Parts’s revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.28 EPS. Analysts anticipate that Genuine Parts Company will post $4.73 earnings per share for the current year.

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Several equities analysts recently weighed in on the stock. BidaskClub raised shares of Genuine Parts from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $104.00 price target (up previously from $98.00) on shares of Genuine Parts in a research report on Saturday, April 22nd. Zacks Investment Research cut shares of Genuine Parts from a “hold” rating to a “sell” rating in a research report on Friday, April 21st. Royal Bank Of Canada raised their price target on shares of Genuine Parts from $94.00 to $96.00 and gave the company a “sector perform” rating in a research report on Thursday, April 20th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $95.00 target price on shares of Genuine Parts in a research report on Tuesday, April 18th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price 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.

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

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