Genuine Parts Company $GPC Shares Purchased by Diversified Trust Co

Diversified Trust Co boosted its holdings in Genuine Parts Company (NYSE:GPC) by 1.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,636 shares of the specialty retailer’s stock after purchasing an additional 83 shares during the quarter. Diversified Trust Co’s holdings in Genuine Parts were worth $562,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Rossby Financial LCC acquired a new stake in Genuine Parts during the first quarter worth about $25,000. Olde Wealth Management LLC acquired a new stake in Genuine Parts during the first quarter worth about $27,000. North Capital Inc. acquired a new stake in Genuine Parts during the first quarter worth about $28,000. Investors Research Corp increased its stake in Genuine Parts by 75.3% during the first quarter. Investors Research Corp now owns 291 shares of the specialty retailer’s stock worth $35,000 after acquiring an additional 125 shares during the last quarter. Finally, Golden State Wealth Management LLC increased its stake in Genuine Parts by 7,950.0% during the first quarter. Golden State Wealth Management LLC now owns 322 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 318 shares during the last quarter. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on GPC. UBS Group upped their price target on Genuine Parts from $125.00 to $135.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Truist Financial upped their price target on Genuine Parts from $137.00 to $143.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. upped their price target on Genuine Parts from $134.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Evercore ISI increased their target price on Genuine Parts from $145.00 to $148.00 and gave the company an “outperform” rating in a research note on Tuesday, August 26th. Finally, Loop Capital increased their target price on Genuine Parts from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Genuine Parts has a consensus rating of “Moderate Buy” and an average price target of $137.86.

Genuine Parts Trading Up 0.3%

Shares of GPC opened at $138.40 on Wednesday. The company has a market capitalization of $19.25 billion, a P/E ratio of 23.82 and a beta of 0.75. Genuine Parts Company has a one year low of $104.01 and a one year high of $144.29. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 1.14. The stock has a 50-day moving average price of $135.61 and a 200 day moving average price of $126.00.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings results on Tuesday, July 22nd. The specialty retailer reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.02. The firm had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.10 billion. Genuine Parts had a return on equity of 22.41% and a net margin of 3.40%.Genuine Parts’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.44 earnings per share. Genuine Parts has set its FY 2025 guidance at 7.500-8.000 EPS. Sell-side analysts forecast that Genuine Parts Company will post 7.9 EPS for the current fiscal year.

Genuine Parts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be issued a $1.03 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $4.12 dividend on an annualized basis and a yield of 3.0%. Genuine Parts’s dividend payout ratio is currently 70.91%.

Genuine Parts Profile

Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials. It operates in two segments: Automotive Parts Group and Industrial Parts Group segments. The company distributes automotive replacement parts for hybrid and electric vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, marine equipment, and heavy duty equipment; and equipment and parts used by repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, and individuals.