CW Advisors LLC Acquires 32,407 Shares of Genuine Parts Company $GPC

CW Advisors LLC raised its holdings in Genuine Parts Company (NYSE:GPC) by 108.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 62,355 shares of the specialty retailer’s stock after acquiring an additional 32,407 shares during the period. CW Advisors LLC’s holdings in Genuine Parts were worth $7,564,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Atria Wealth Solutions Inc. lifted its stake in Genuine Parts by 30.8% in the first quarter. Atria Wealth Solutions Inc. now owns 13,841 shares of the specialty retailer’s stock valued at $1,663,000 after buying an additional 3,259 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its position in Genuine Parts by 38.1% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 533 shares of the specialty retailer’s stock valued at $64,000 after acquiring an additional 147 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Genuine Parts by 276.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,352,772 shares of the specialty retailer’s stock worth $399,449,000 after purchasing an additional 2,461,497 shares during the period. Citizens Financial Group Inc. RI increased its holdings in Genuine Parts by 12.7% during the 1st quarter. Citizens Financial Group Inc. RI now owns 3,762 shares of the specialty retailer’s stock worth $452,000 after purchasing an additional 425 shares in the last quarter. Finally, ASR Vermogensbeheer N.V. acquired a new stake in shares of Genuine Parts in the 1st quarter valued at about $348,000. Institutional investors and hedge funds own 78.83% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on GPC shares. Evercore ISI upped their price objective on Genuine Parts from $148.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. The Goldman Sachs Group raised Genuine Parts from a “sell” rating to a “neutral” rating and upped their price target for the stock from $130.00 to $142.00 in a research report on Thursday, November 13th. Truist Financial lifted their price objective on shares of Genuine Parts from $143.00 to $146.00 and gave the company a “buy” rating in a report on Tuesday, October 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Genuine Parts in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. raised their target price on shares of Genuine Parts from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. One investment 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $148.00.

Insider Transactions at Genuine Parts

In other news, EVP Naveen Krishna sold 5,303 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 26,112 shares in the company, valued at $3,606,589.44. The trade was a 16.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.42% of the stock is owned by company insiders.

Genuine Parts Stock Performance

Shares of NYSE GPC opened at $130.36 on Friday. Genuine Parts Company has a 12 month low of $104.01 and a 12 month high of $143.48. The stock has a 50 day moving average of $130.67 and a 200-day moving average of $130.62. 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 has a market capitalization of $18.13 billion, a P/E ratio of 22.44 and a beta of 0.74.

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

Genuine Parts Announces Dividend

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

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.