Impartial Advisor Alliance lifted its holdings in shares of Real Elements (NYSE:GPC – Free Report) by 18.5% through the 1st quarter, in response to its most up-to-date Kind 13F submitting with the Securities and Alternate Fee (SEC). The fund owned 29,600 shares of the specialty retailer’s inventory after shopping for a further 4,625 shares through the interval. Impartial Advisor Alliance’s holdings in Real Elements had been value $4,952,000 on the finish of the latest reporting interval.
A number of different hedge funds and different institutional buyers have additionally purchased and bought shares of GPC. Envestnet Asset Administration Inc. grew its place in Real Elements by 388.2% within the 1st quarter. Envestnet Asset Administration Inc. now owns 3,241,510 shares of the specialty retailer’s inventory value $119,159,000 after buying a further 2,577,514 shares through the interval. Norges Financial institution bought a brand new stake in Real Elements within the 4th quarter valued at about $239,384,000. Capital World Traders purchased a brand new stake in Real Elements through the first quarter valued at about $124,130,000. Vanguard Group Inc. raised its holdings in Real Elements by 2.9% within the first quarter. Vanguard Group Inc. now owns 17,088,101 shares of the specialty retailer’s inventory value $2,153,442,000 after buying a further 481,039 shares within the final quarter. Lastly, Morgan Stanley lifted its place in shares of Real Elements by 16.2% through the fourth quarter. Morgan Stanley now owns 2,133,505 shares of the specialty retailer’s inventory valued at $370,185,000 after shopping for a further 297,814 shares over the last quarter. Institutional buyers personal 77.51% of the corporate’s inventory.
Wall Road Analyst Weigh In
Various brokerages have not too long ago issued stories on GPC. Financial institution of America raised shares of Real Elements from a “impartial” score to a “purchase” score and lifted their worth goal for the inventory from $185.00 to $189.00 in a analysis report on Thursday, June 1st. Northcoast Analysis began protection on Real Elements in a analysis report on Wednesday, June twenty eighth. They set a “purchase” score and a $195.00 worth goal on the inventory. JPMorgan Chase & Co. dropped their goal worth on Real Elements from $190.00 to $184.00 and set an “obese” score on the inventory in a analysis notice on Friday, July twenty first. Truist Monetary decreased their worth goal on Real Elements from $195.00 to $191.00 and set a “purchase” score for the corporate in a analysis notice on Friday, July twenty first. Lastly, Stephens decreased their worth goal on shares of Real Elements from $172.00 to $168.00 and set an “equal weight” score for the corporate in a report on Friday, July twenty first. Three funding analysts have rated the inventory with a maintain score and 5 have assigned a purchase score to the inventory. Based mostly on information from MarketBeat.com, the inventory presently has a median score of “Average Purchase” and a median worth goal of $177.00.
Learn Our Newest Inventory Evaluation on GPC
Real Elements Inventory Up 0.7 %
Shares of NYSE GPC traded up $1.11 throughout mid-day buying and selling on Friday, hitting $154.84. The corporate had a buying and selling quantity of 359,019 shares, in comparison with its common quantity of 1,005,455. The corporate has a market capitalization of $21.75 billion, a PE ratio of 17.98, a price-to-earnings-growth ratio of 1.86 and a beta of 0.90. The enterprise’s 50-day easy shifting common is $159.76 and its 200 day easy shifting common is $163.54. Real Elements has a 1-year low of $145.30 and a 1-year excessive of $187.73. The corporate has a debt-to-equity ratio of 0.73, a present ratio of 1.15 and a fast ratio of 0.58.
Real Elements (NYSE:GPC – Get Free Report) final introduced its quarterly earnings information on Thursday, July twentieth. The specialty retailer reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.10. The enterprise had income of $5.92 billion through the quarter, in comparison with the consensus estimate of $5.96 billion. Real Elements had a return on fairness of 32.43% and a internet margin of 5.30%. The enterprise’s income for the quarter was up 5.6% on a year-over-year foundation. Throughout the identical interval within the earlier yr, the corporate posted $2.20 earnings per share. On common, analysts predict that Real Elements will submit 9.24 earnings per share for the present yr.
Real Elements Proclaims Dividend
The corporate additionally not too long ago disclosed a quarterly dividend, which might be paid on Monday, October 2nd. Shareholders of report on Friday, September eighth might be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Thursday, September seventh. This represents a $3.80 dividend on an annualized foundation and a yield of two.45%. Real Elements’s payout ratio is presently 44.44%.
Real Elements Profile
(Free Report)
Real Elements Firm distributes automotive alternative elements, and industrial elements and supplies. It operates by means of Automotive Elements Group and Industrial Elements Group segments. The corporate distributes automotive alternative elements for hybrid and electrical autos, vehicles, SUVs, buses, bikes, leisure autos, farm autos, small engines, farm tools, marine tools, and heavy responsibility tools; and accent and provide gadgets utilized by varied automotive aftermarket clients, akin to restore outlets, service stations, fleet operators, car and truck sellers, leasing firms, bus and truck traces, mass merchandisers, farms, and people.
Learn Extra
Wish to see what different hedge funds are holding GPC? Go to HoldingsChannel.com to get the newest 13F filings and insider trades for Real Elements (NYSE:GPC – Free Report).
This immediate information alert was generated by narrative science know-how and monetary information from MarketBeat with the intention to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial workforce previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.
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