Snatch This Deal Even Lower Than Director Holder Did

By Dividend Channel Staff, Wednesday, August 18, 9:59 AM ET

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There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on August 13, Genuine Parts Co.'s Director, John R. Holder, invested $249,860.00 into 2,000 shares of GPC, for a cost per share of $124.93. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

In trading on Wednesday, bargain hunters could buy shares of Genuine Parts Co. (NYSE:GPC) and achieve a cost basis 1.5% cheaper than Holder, with shares changing hands as low as $123.00 per share. Genuine Parts Co. shares are currently trading up about 0.1% on the day. The chart below shows the one year performance of GPC shares, versus its 200 day moving average:

Genuine Parts Co. Chart

Looking at the chart above, GPC's low point in its 52 week range is $88.99 per share, with $135.93 as the 52 week high point — that compares with a last trade of $123.57. By comparison, below is a table showing the prices at which GPC insider buying was recorded over the last six months:

Purchased	Insider	Title	Shares	Price/Share	Value
08/13/2021	John R. Holder	Director	2,000	$124.93	$249,860.00

The current annualized dividend paid by Genuine Parts Co. is $3.26/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 09/02/2021. Below is a long-term dividend history chart for GPC, which can be of good help in judging whether the most recent dividend with approx. 2.6% annualized yield is likely to continue.

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Snatch This Deal Even Lower Than Director Holder Did

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