12,728 Shares in Genuine Parts Company $GPC Bought by Blueshift Asset Management LLC

Blueshift Asset Management LLC bought a new position in shares of Genuine Parts Company (NYSE:GPC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,728 shares of the specialty retailer’s stock, valued at approximately $1,544,000.

A number of other hedge funds have also made changes to their positions in GPC. Inspire Investing LLC lifted its stake in shares of Genuine Parts by 11.9% during the 1st quarter. Inspire Investing LLC now owns 16,745 shares of the specialty retailer’s stock worth $1,995,000 after purchasing an additional 1,777 shares during the period. Revisor Wealth Management LLC increased its stake in Genuine Parts by 75.2% in the second quarter. Revisor Wealth Management LLC now owns 6,778 shares of the specialty retailer’s stock valued at $853,000 after purchasing an additional 2,910 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Genuine Parts by 276.2% in the first quarter. Goldman Sachs Group Inc. now owns 3,352,772 shares of the specialty retailer’s stock valued at $399,449,000 after purchasing an additional 2,461,497 shares during the last quarter. Synergy Asset Management LLC purchased a new position in Genuine Parts during the second quarter worth about $3,516,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Genuine Parts by 16.3% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,089 shares of the specialty retailer’s stock worth $3,165,000 after buying an additional 3,659 shares during the last quarter. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Insider Transactions at Genuine Parts

In other Genuine Parts news, EVP Naveen Krishna sold 5,303 shares of the company’s stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $138.12, for a total value of $732,450.36. Following the completion of the transaction, the executive vice president owned 26,112 shares in the company, valued at approximately $3,606,589.44. This represents a 16.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.42% of the stock is owned by insiders.

Genuine Parts Stock Performance

Shares of GPC opened at $130.00 on Tuesday. The business’s fifty day moving average price is $131.16 and its 200 day moving average price is $130.62. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.14 and a quick ratio of 0.51. Genuine Parts Company has a 12-month low of $104.01 and a 12-month high of $143.48. The stock has a market capitalization of $18.08 billion, a PE ratio of 22.38 and a beta of 0.75.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings data on Tuesday, October 21st. The specialty retailer reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.04). Genuine Parts had a net margin of 3.36% and a return on equity of 22.57%. The business had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.12 billion. During the same period in the prior year, the company earned $1.88 EPS. Genuine Parts’s quarterly revenue 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 forecast that Genuine Parts Company will post 7.9 EPS for the current year.

Genuine Parts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 5th will be issued a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $4.12 annualized dividend and a dividend yield of 3.2%. Genuine Parts’s payout ratio is 70.91%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Evercore ISI increased their target price on Genuine Parts from $148.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. JPMorgan Chase & Co. raised their price objective on Genuine Parts from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. The Goldman Sachs Group raised shares of Genuine Parts from a “sell” rating to a “neutral” rating and lifted their price target for the company from $130.00 to $142.00 in a research report on Thursday, November 13th. UBS Group increased their price objective on shares of Genuine Parts from $135.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Genuine Parts in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $148.00.

About Genuine Parts

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.