Genuine Parts Company $GPC Stock Position Trimmed by Boston Trust Walden Corp

Boston Trust Walden Corp trimmed its position in shares of Genuine Parts Company (NYSE:GPC) by 26.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 285,340 shares of the specialty retailer’s stock after selling 100,370 shares during the period. Boston Trust Walden Corp owned 0.21% of Genuine Parts worth $39,548,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Genuine Parts by 1.5% during the second quarter. Vanguard Group Inc. now owns 17,309,178 shares of the specialty retailer’s stock worth $2,099,776,000 after buying an additional 260,787 shares during the period. State Street Corp raised its stake in Genuine Parts by 0.9% during the 2nd quarter. State Street Corp now owns 7,797,180 shares of the specialty retailer’s stock valued at $953,779,000 after acquiring an additional 73,361 shares in the last quarter. Geode Capital Management LLC boosted its position in Genuine Parts by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 3,511,008 shares of the specialty retailer’s stock worth $424,367,000 after acquiring an additional 40,970 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of 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 worth $399,449,000 after purchasing an additional 2,461,497 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Genuine Parts by 2.3% in the second quarter. Charles Schwab Investment Management Inc. now owns 3,080,251 shares of the specialty retailer’s stock worth $373,425,000 after purchasing an additional 70,668 shares in the last quarter. Institutional investors and hedge funds own 78.83% of the company’s stock.

Wall Street Analysts Forecast Growth

GPC has been the topic of a number of recent analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a research note on Tuesday, December 23rd. Evercore ISI upped their price target 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. The Goldman Sachs Group upgraded shares of Genuine Parts from a “sell” rating to a “neutral” rating and raised their price objective for the company from $130.00 to $142.00 in a research note on Thursday, November 13th. JPMorgan Chase & Co. boosted their target price on Genuine Parts from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Finally, UBS Group increased their price target on Genuine Parts from $135.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $148.00.

Genuine Parts Trading Down 1.2%

Shares of NYSE:GPC opened at $124.37 on Tuesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.51 and a current ratio of 1.14. The stock has a market capitalization of $17.30 billion, a price-to-earnings ratio of 21.41 and a beta of 0.74. Genuine Parts Company has a 1-year low of $104.01 and a 1-year high of $143.48. The company has a 50 day moving average price of $128.10 and a 200 day moving average price of $130.87.

Genuine Parts (NYSE:GPC) last announced 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 analyst estimates of $6.12 billion. Genuine Parts had a net margin of 3.36% and a return on equity of 22.57%. Genuine Parts’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company posted $1.88 EPS. Genuine Parts has set its FY 2025 guidance at 7.500-7.750 EPS. On average, research analysts anticipate that Genuine Parts Company will post 7.9 EPS for the current fiscal year.

Genuine Parts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 5th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $4.12 dividend on an annualized basis and a yield of 3.3%. Genuine Parts’s dividend payout ratio (DPR) is currently 70.91%.

About Genuine Parts

Genuine Parts Company (NYSE: GPC) is a global distributor of automotive replacement parts, industrial parts and business products with a history dating back to 1928. Headquartered in Atlanta, Georgia, the company operates a broad distribution network and retail presence serving repair shops, independent retailers, industrial customers and commercial accounts. Its business model centers on stocking and delivering a wide range of parts and supplies to support aftermarket and maintenance needs across multiple end markets.

Genuine Parts conducts its operations through several well-known operating groups and subsidiaries.