Fiera Capital Corp has acquired a new stake in Genuine Parts, according to their recent disclosure with the Securities and Exchange Commission. In the fourth quarter, the fund purchased 2,700 shares of the specialty retailer’s stock, valued at approximately $468,000. This investment is indicative of Fiera Capital Corp’s confidence in Genuine Parts and its potential to generate long-term returns for investors.

Furthermore, on July 3rd, Genuine Parts announced a quarterly dividend payout of $0.95 per share which will be issued to investors who are recorded by June 2nd. This payment represents an annualized dividend of $3.80 with a yield of 2.21%. The ex-dividend date is Thursday, June 1st and Genuine Parts’ dividend payout ratio currently stands at 43.53%.

In other news, CEO Paul D. Donahue recently acquired 1,600 shares of the company’s stock in a transaction dated March 24th at an average price of $156.08 per share with a total value of $249,728.00. Following this purchase, Donahue now owns a staggering 59,727 shares valued at approximately $9,322,190.16.

Such substantial insider activity reaffirms the potential value and growth opportunity that Genuine Parts holds for investors looking for quality investments in today’s uncertain financial climate.

Genuine Parts was founded in Atlanta in 1928 and has since expanded into Canada and Mexico under several well-known brands such as NAPA Auto Parts and Motion Industries among others.

With such strong backing from reputable fund managers like Fiera Capital Corp., coupled with steady dividend payments and significant insider activity; Genuine Parts represents an attractive investment opportunity for discerning investors seeking stability within their portfolio while still claiming excellent yield returns against market risks.

While past performance may not always be indicative of future success stock futures seem bright for those willing to take wise risks with proper financial planning and thorough market analysis.

Genuine Parts Company sees major investors increase stakes and positive earnings growth

Genuine Parts Company (NYSE:GPC) has recently modified their holdings with the company seeing several major investors increasing their stakes. Capital World Investors acquired a new stake in the shares of Genuine Parts valued at approximately $124,130,000 during the first quarter of 2017. Vanguard Group Inc., Robeco Institutional Asset Management B.V., Sugarloaf Wealth Management LLC and Glenmede Trust Co. NA are amongst other large investors also making significant purchases within the company’s stock.

Many analysts have recently issued reports on GPC shares providing target prices as well as buy or sell ratings for the stock. Wedbush recently issued a “neutral” rating along with a $165.00 target price, while Truist Financial have given the stock a “buy” rating along with an increased price target of $195.00 from $186.00 previously set in April.

Genuine Parts announced its quarterly dividend earlier this year which will be paid on Monday, July 3rd. Shareholders of record on Friday, June 2nd will receive a dividend of $0.95 per share which equates to an annualized dividend of $3.80 and a calculated yield of 2.21%. The ex-dividend date is Thursday, June 1st.

Shares of GPC opened at $171.64 trading within its 52 week range between highs of $187.73 and lows of $125.55 over that period time.The firm possesses a market cap value of $24.12 billion with a P/E ratio sitting at 19.66 and beta value listed at 0.88.

Last April saw Genuine Parts release its quarterly earnings data showing revenue growth to be up by 8.9% year-over-year reaching revenues worth $5.77 billion whereas analysts had only expected revenues to amount to just under $5.68 billion for the same period time frame. The company’s net margin rose to 5.50% and hitting an Earnings Per Share (EPS) of $2.14, beating the consensus estimate of $2.03 by a healthy margin indicating a strong financial performance.

Genuine Parts is expected to show further growth instilled with confidence from its recent strong business strategy and capital structure decisions as well as various fiscal policies currently in place, as it projects a brighter future for both the company and investors alike.

The post Fiera Capital Corp Acquires Stake in Genuine Parts: Promising Investment Opportunity with Insider Activity and Dividends appeared first on Best Stocks.