Genuine Parts Sees Unusually High Options Volume (GPC)

Genuine Parts (NYSE:GPC) was the recipient of some unusual options trading on Wednesday. Stock investors purchased 3,077 put options on the stock. This is an increase of 1,788% compared to the average volume of 163 put options.

In other Genuine Parts news, insider James R. Neill sold 512 shares of the business’s stock in a transaction that occurred on Thursday, July 26th. The stock was sold at an average price of $97.94, for a total value of $50,145.28. Following the transaction, the insider now directly owns 5,661 shares of the company’s stock, valued at $554,438.34. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.10% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GPC. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Genuine Parts by 1.4% during the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 55,105 shares of the specialty retailer’s stock valued at $4,951,000 after acquiring an additional 767 shares in the last quarter. Blair William & Co. IL increased its holdings in shares of Genuine Parts by 10.9% during the first quarter. Blair William & Co. IL now owns 15,188 shares of the specialty retailer’s stock valued at $1,364,000 after acquiring an additional 1,495 shares in the last quarter. United Capital Financial Advisers LLC increased its holdings in shares of Genuine Parts by 17.2% during the first quarter. United Capital Financial Advisers LLC now owns 6,488 shares of the specialty retailer’s stock valued at $583,000 after acquiring an additional 954 shares in the last quarter. Natixis bought a new stake in shares of Genuine Parts during the first quarter valued at approximately $1,646,000. Finally, LPL Financial LLC increased its holdings in shares of Genuine Parts by 18.0% during the first quarter. LPL Financial LLC now owns 43,043 shares of the specialty retailer’s stock valued at $3,867,000 after acquiring an additional 6,554 shares in the last quarter. Hedge funds and other institutional investors own 76.62% of the company’s stock.

Several equities analysts have issued reports on GPC shares. Zacks Investment Research lowered Genuine Parts from a “hold” rating to a “sell” rating in a research note on Wednesday, September 19th. Wedbush boosted their price target on Genuine Parts from $93.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, July 20th. Finally, Royal Bank of Canada boosted their price target on Genuine Parts to $99.00 and gave the company a “sector perform” rating in a research note on Thursday, July 12th. Two 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 company’s stock. The stock has an average rating of “Hold” and an average target price of $102.80.

NYSE GPC opened at $95.14 on Thursday. The company has a market cap of $14.59 billion, a PE ratio of 20.50, a PEG ratio of 2.64 and a beta of 1.17. Genuine Parts has a 52 week low of $84.71 and a 52 week high of $107.75. The company has a quick ratio of 0.71, a current ratio of 1.33 and a debt-to-equity ratio of 0.70.

Genuine Parts (NYSE:GPC) last released its quarterly earnings data on Thursday, July 19th. The specialty retailer reported $1.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.58 by $0.01. The firm had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $4.69 billion. Genuine Parts had a return on equity of 21.62% and a net margin of 3.78%. The company’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.29 earnings per share. On average, equities analysts anticipate that Genuine Parts will post 5.66 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Friday, September 7th were issued a dividend of $0.72 per share. The ex-dividend date of this dividend was Thursday, September 6th. This represents a $2.88 annualized dividend and a dividend yield of 3.03%. Genuine Parts’s dividend payout ratio is 62.07%.

Genuine Parts Company Profile

Genuine Parts Company distributes automotive replacement and industrial parts, electrical and electronic materials, and business products in the United States, Canada, Mexico, Australasia, France, the United Kingdom, Germany, and Poland. 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 through 57 NAPA automotive parts distribution centers and 1,100 NAPA AUTO PARTS stores.

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