38,627 Shares in Genuine Parts Company $GPC Acquired by ABN Amro Investment Solutions

ABN Amro Investment Solutions purchased a new stake in shares of Genuine Parts Company (NYSE:GPC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 38,627 shares of the specialty retailer’s stock, valued at approximately $4,686,000.

A number of other institutional investors have also recently bought and sold shares of GPC. Candriam S.C.A. bought a new position in shares of Genuine Parts during the 2nd quarter valued at about $376,000. Police & Firemen s Retirement System of New Jersey boosted its stake in shares of Genuine Parts by 4.5% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 21,052 shares of the specialty retailer’s stock worth $2,554,000 after buying an additional 898 shares during the last quarter. Geode Capital Management LLC grew its stake in Genuine Parts by 1.2% in the second quarter. Geode Capital Management LLC now owns 3,511,008 shares of the specialty retailer’s stock valued at $424,367,000 after purchasing an additional 40,970 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Genuine Parts by 2.2% in the second quarter. PNC Financial Services Group Inc. now owns 93,484 shares of the specialty retailer’s stock valued at $11,341,000 after buying an additional 2,032 shares in the last quarter. Finally, Wealth Alliance LLC raised its holdings in shares of Genuine Parts by 6.7% in the 2nd quarter. Wealth Alliance LLC now owns 4,688 shares of the specialty retailer’s stock valued at $569,000 after purchasing an additional 295 shares during the period. Institutional investors and hedge funds own 78.83% of the company’s stock.

Insider Activity at Genuine Parts

In related news, EVP Naveen Krishna sold 5,303 shares of the firm’s stock in a transaction on Friday, September 26th. The stock was sold at an average price of $138.12, for a total transaction of $732,450.36. Following the sale, the executive vice president owned 26,112 shares of the company’s stock, valued at $3,606,589.44. This trade represents a 16.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.42% of the company’s stock.

Genuine Parts Trading Up 0.4%

GPC opened at $127.65 on Friday. The company has a market cap of $17.76 billion, a P/E ratio of 21.97 and a beta of 0.75. The company has a current ratio of 1.14, a quick ratio of 0.51 and a debt-to-equity ratio of 0.78. The company’s 50 day moving average is $133.92 and its 200-day moving average is $129.77. Genuine Parts Company has a 1-year low of $104.01 and a 1-year high of $143.48.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings data on Tuesday, October 21st. The specialty retailer reported $1.98 EPS for the quarter, missing the consensus estimate of $2.02 by ($0.04). Genuine Parts had a net margin of 3.36% and a return on equity of 22.57%. The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.12 billion. During the same period in the previous year, the company earned $1.88 EPS. Genuine Parts’s revenue for the quarter was up 4.9% on a year-over-year basis. Genuine Parts has set its FY 2025 guidance at 7.500-7.750 EPS. Equities research analysts predict that Genuine Parts Company will post 7.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

GPC has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Genuine Parts in a research report on Wednesday, October 8th. Truist Financial boosted their target price on shares of Genuine Parts from $143.00 to $146.00 and gave the company a “buy” rating in a research report on Tuesday, October 21st. JPMorgan Chase & Co. raised their price target on shares of Genuine Parts from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Evercore ISI lifted their price objective on shares of Genuine Parts from $148.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Finally, Loop Capital boosted their price objective on shares of Genuine Parts from $155.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $148.00.

Genuine Parts Company 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.