The firm purchased 4,477 shares on January 3, 2024, for $13,958 each, or $62.5 million total. The firm sold 1,659 shares of Genuine Parts during the quarter for $13,958 each. Metis Global Partners LLC now owns 2,808 shares of Genuine Parts valued at $38,2 million. The firm purchased 2,808 shares of Genuine Parts during the fourth quarter for $13,958 each, or $38.2 million total. The firm sold 3,819 shares of Genuine Parts during the first three quarters of 2023 for $13,958 each. Metis Global Partners LLC now owns 1,589 shares of Genuine Parts valued at $21.6 million. The firm purchased 1,589 shares of Genuine Parts during the fourth quarter for $13,958 each, or $21.6 million total. The firm purchased 4,477 shares of Genuine Parts during the first three quarters of 2023 for $13,958 each. The firm now owns 6,376 shares of Genuine Parts, valued at $87.5 million.
In a report on Wednesday, January 15th, Northcoast Research downgraded Genuine Parts from a “buy” rating to a “hold” rating.
The company has a dividend yield of 1.73% and a dividend payout ratio of 0.37. The company has a P/E ratio of 19.69, a beta of 0.93, a dividend yield of 1.73% and a dividend payout ratio of 0.37. The company has a market cap of $17.68 billion and a 50-day moving average price of $119.74. The company has a 200-day moving average price of $126.10. The company has a beta of 0.93, a dividend yield of 1.73% and a dividend payout ratio of 0.37.
The company has a history of paying dividends and has increased its dividend by 5.5% per year for the past 10 years.
The Automotive Parts Group segment provides replacement parts for vehicles, including engines, transmissions, and other components. The Industrial Parts Group segment provides replacement parts for industrial equipment, including pumps, valves, and other components. The company also provides aftermarket parts and services, including repair services, installation services, and parts distribution services.
The week kicked off with a strong start for Apple, which saw its stock rise by 2.4% after the company announced a new iPhone model. This was followed by a 1.5% increase in Microsoft stock, which was attributed to positive earnings reports. However, the week took a downturn when Amazon’s stock fell by 2.1% after the company reported lower-than-expected sales figures. The week ended on a positive note with Facebook’s stock rising by 1.8% after the company announced a new partnership with a major gaming company. Overall, the tech industry saw a mixed performance this week, with some companies experiencing gains while others saw declines.
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